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Energy & Environment
Electrica Furnizare to build 3.5MWp PV plants for Transavia
Thursday, October 20, 2022
Electrica Furnizare, a subsidiary of Electrica Group [BSE:EL], said it has signed an agreement to install solar panels with a total power output of 3.5MWp at several locations owned by local poultry meat producer Transavia, https://renewablesnow.com/ reads. Electrica Furnizare ...
Romgaz acquiring offshore participation in Neptun Deep drags Romania’s FDI down
Thursday, October 20, 2022
Romgaz completing in August the takeover of the Bahamas-registered ExxonMobil Exploration and Production Romania Limited for nearly EUR 1 bln reversed the direction of net FDI and made Romania a net foreign investor as the FDI outflows surpassed the inflows. This happens very rarely and almost all the time as a result of accounting effects - reinvested profits registered at different dates and flows of loans between foreign investors and local ...
Energy minister: 900 million euros in investment from Modernization Fund for Gorj, Dolj counties
Thursday, October 20, 2022
Almost 900 million euros from the Modernization Fund will be invested in Gorj and Dolj counties, the Minister of Energy, Virgil Popescu, wrote on Facebook on Friday." I sent a clear message to the CEO (Oltenia Energy Compound, ed. n.): we are not closing anything, but, on the contrary, we are investing in modernization and preparing the compound for the future. Yes, Oltenia produces most of the electricity that Romania needs. That's why, in the last 3 years, the Government ...
Final energy consumption down 5.3pct in first 8 months of 2022
Thursday, October 20, 2022
Romania's final energy consumption, in the first eight months of 2022, totalled over 35.151 billion kWh, lower by 5.3pct compared to the corresponding period of 2021, whereas in economy, it declined by 4.5pct, the data published on Friday by the National Institute of Statistics (INS) informed.Public lightning registered an increase by 3.8pct and the household consumption dropped by 7.7pct. The own technological consumption of grids and stations was 3.506 billion kWh, ...
Carlyle reportedly seeks partner for its offshore operations in Romania
Thursday, October 20, 2022
Black Sea Oil & Gas (BSOG), the oil and gas operator that began gas production at its Midia perimeter in Romania's offshore, initiated a process of strategic evaluation of the project to "prepare the company for a new stage of ...
Hidroelectrica and Energocom signed a supply contract - 100 MW
Thursday, October 20, 2022
Hidorelectrica and Energocom, the company designated by the Government of the Republic of Moldova, signed on Thursday a contract for the supply of 100 MW of electricity and the supply is to begin tonight, Minister of Energy Virgil Popescu announced."Hidroelectrica and Energocom, the company designated by the Government of the Republic of Moldova - Andrei Spinu, have signed today a contract of supply - 100MW. Tonight, the supply of electricity for the Republic ...
Romania wants to invest 1.8 billion euros in energy projects for irrigation system
Thursday, October 20, 2022
Romania is trying to implement a pilot project for irrigation infrastructure, the investment amounting to 1.8 billion euros on 1,700-kilometer length of irrigation canals, said the Minister of Investments and European Projects, Marcel Bolos, at the videoconference "Business in agriculture", organized by Bursa magazine.He emphasized that work must be done on the project and the details must be further discussed with the Commission services that serve the National Recovery and ...
Commission sets out actions to digitise the energy sector to improve efficiency and integration of renewables
Thursday, October 20, 2022
* The European Green Deal and the REPowerEU plan require a profound transformation of our energy system, which must become more interactive and smarter to help consumers reap the benefits of the green transition. Tuesday, 18 October, the Commission presented an action plan highlighting how new technologies can contribute to improving the efficient use of energy resources, facilitating the integration of renewables into the electricity ...
EnergoBit has almost 8,000 MW of renewable projects in the works
Thursday, October 20, 2022
The EnergoBit company from Cluj is involved in the construction of energy generation projects from renewable sources of almost 8,000 MW, currently in execution at the national level, said Mihaela Coroiu, director of marketing strategy at EnergoBit, during the conference “New wave of renewables”, organized ...
Partnerg-i enters into new partnership with LevelTen energy to accelerate the energy transition in Romania
Thursday, October 20, 2022
LevelTen Energy, the leading provider of renewable transaction infrastructure, announced a new partnership with partnerg-i, a trusted energy consultancy firm and founding member of the Association of Energy Consumer Companies in Romania. As a result of this partnership, the firm will be able to use the LevelTen Platform to transact on PPAs and help their customers achieve their sustainability ...
Iohannis: Our priority is the construction of an electric cable linking Romania, Georgia and Azerbaijan
Thursday, October 13, 2022
President Klaus Iohannis said on Tuesday that Romania is working with Georgia and other partner states on carrying out major strategic projects, showing that a priority is the construction of an electric cable linking Romania, Georgia and Azerbaijan, under the "Green Electricity Corridor" initiative that will connect the Caspian Sea to the Black Sea and the European Union."In our conversation, I agreed with the president that physical interconnections ...
Government approves establishing state aid scheme for large energy consumers
Thursday, October 13, 2022
In Wednesday's meeting, the government approved an emergency ordinance regarding the establishment of a state aid scheme for large energy consumers.According to a statement sent by the Government, the ordinance aims to establish, for the period 2022-2030, a state aid scheme for companies in sectors considered to be exposed to a real risk of carbon dioxide emissions relocation due to the significant indirect costs that effectively bear them ...
EnergMin Popescu, in Kazakhstan: We received assurances that we will have full support for oil supply
Thursday, October 13, 2022
The authorities in Kazakhstan will give Romania all the support to secure the supply of oil and derived products, the Minister of Energy, Virgil Popescu, who is in Kazakhstan, wrote on Facebook on Friday."Together with Bolat Akchulakov, the Minister of Energy from the gov't of the Republic of Kazakhstan, as co-presidents, today I presided over the work of the 16th session of the Romanian-Kazakh Intergovernmental Commission. During the plenary ...
Fondul aims to list minority stake in Romania's Hidroelectrica by April 2023
Thursday, October 13, 2022
The planned initial public offering of Romanian state-owned hydropower producer Hidroelectrica may be smaller than initially projected and won't happen until March or April next year, shareholder Fondul ...
European Energy is developing almost 1 GW in renewable energy projects in Romania
Thursday, October 13, 2022
European Energy continues to expand its activities in Romania, with 935 MW under development in renewable energy projects, of which 810 MW in solar parks and 125 MW in wind parks. The first 20 MW solar park project is ready for construction, with construction scheduled to begin in 2023. The company has also received grid connection approval for another 125 MW project, which is ...
INVL-run fund grows Romanian portfolio with 174-MW solar purchase
Thursday, October 13, 2022
A renewable energy fund run by Lithuania’s INVL Asset Management has struck a deal to acquire a 174-MW solar project in Romania, expecting to enter construction towards the end of next year, https://renewablesnow.com/ ...
Transelectrica gets 420 million euros from the Modernization Fund, a quarter of the value of the RET Development Plan
Thursday, October 13, 2022
Transelectrica signed the first nine financing contracts from the Modernization Fund for the achievement of investment objectives of particular importance for the development of the national energy infrastructure. In total, there are 420 million euros that opens “the most important line of European funds intended for the development of the Romanian energy sector, according to Prime Minister Nicolae ...
OMV Petrom: investment of EUR 130 million at Petrobrazi refinery to build new unit of aromatic products
Thursday, October 13, 2022
The new unit of aromatics product will deliver processes and products with low environmental impact at modern BAT (Best Available Technology) operating standards By putting the new unit into operation, the production capacity of aromatic products will double, from around 50 kt/year to around 100 kt/year, starting 2026 OMV Petrom, the largest integrated ...
EUR 500 mln state aid for Romanian firms seeking better energy efficiency
Thursday, October 13, 2022
The Romanian Ministry of European Investments and Projects (MIPE) said it would launch on October 11 the call for projects for two energy efficiency measures dedicated to the business environment. The Applicant Guidelines have been updated. "During this period, MIPE implements measures worth EUR 500 mln to support the entrepreneurial sector acquire energy ...
Crude oil and gas production of OMV Petrom down 4.5pct in Q3
Thursday, October 13, 2022
The hydrocarbon production of the OMV Petrom group decreased by 4.5pct in the third quarter of this year, compared to the same period last year, reaching 117,200 barrels of oil equivalent (boe) per day, according to the trading report submitted by the company, on Monday, to the Bucharest Stock Exchange (BVB).Oil and condensate production reached 56,300 boe per day, down 7.5pct.At the same time, the company's gas production was 60,900 ...