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Energy & Environment

Transelectrica argues for reversible hydropower plant Tarnita

Thursday, September 8, 2022

Romanian power grid operator Transelectrica argues, in a document consulted ...

Enery pays EUR 71 mln for 81MW green power portfolio in Romania

Thursday, September 8, 2022

Austrian company Enery Power Holding, already present on the energy market in the Czech Republic, Slovakia and Bulgaria, signed an agreement to acquire the portfolio of renewable energy projects owned by Canadian Jade Power Trust in Romania for a total price of EUR 71 mln.   The portfolio has a total capacity of 81MW and includes two wind farms in Dobrogea, two solar energy projects and two ...

Georgia, Romania plan power interconnection under Black Sea

Thursday, September 8, 2022

Georgia is conducting a feasibility study for an undersea electricity link with Romania worth EUR 2 billion. Azerbaijan also intends to use the interconnection to export green electricity, and Hungary said it would join the project, https://balkangreenenergynews.com/ ...

Romania imports over 3.8 billion kWh electricity in H1

Thursday, September 1, 2022

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Romania imported in the first half of 2022 electricity in the amount of 3.845 billion kWh, over 12 percent, respectively 423.6 million kWh, more than in the similar period last year, according to the data centralised by the National Institute of Statistics (INS).On the other hand, in the first six months of 2022, the electricity exports totalled 3.08 billion kWh, down 508.4 million kWh (minus 14.2 percent).In the mentioned period, the electricity ...

Mintia thermal power station bought by Mass Global Energy Rom for 91 million euros

Thursday, September 1, 2022

The Mintia thermal power station has been bought for 91 million euros by Mass Global Energy Rom, part of the Mass Group Holding group, at a public auction, the judicial administrator of the Hunedoara Energy Complex announced on last Friday in a press statement.Considering the specifics of the asset, the Romanian Ministry of Energy, as a shareholder, imposed certain terms and conditions on the investor with the aim of restarting energy production at Mintia. Thus, ...

Interministerial Coal Committee established under coordination of Economy Minister

Thursday, September 1, 2022

 The Interministerial Coal Committee was created and talks with the European Commission will start, including on the decarbonization law, for a new correlation required by the current security context, announced Energy Minister Virgil Popescu."At the end of June we adopted the Emergency Ordinance on the decarbonization of the energy sector, a milestone under the National Recovery and Resilience Plan, considering that the phased elimination of lignite and ...

Element Industrial and TESLA Group sign deal to produce green energy

Thursday, September 1, 2022

Slovakian sustainable energy solutions provider TESLA Group will produce and operate photovoltaic energy on the rooftops of ELI Parks projects in Romania following a partnership with local industrial and logistic developer Element Industrial.   The first project to be fitted with photovoltaic panels is ELI Park 4 (a new 20,000 sqm building), which will be delivered in Bucharest during the second quarter of ...

ENEL X ROMANIA INSTALLS A SOLAR PARK WITH A TOTAL CAPACITY OF 3 MW FOR WDP ROMANIA

Thursday, September 1, 2022

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Photovoltaic systems comprise almost 6,700 photovoltaic panels installed on an area of 15,000 square meters. The plant ensures an average annual production of almost 3,600 MWh and contributes to a reduction of almost 800 tons / year in carbon dioxide emissions.   Enel X Romania, part of Enel X Global Retail, the advanced energy services division of the Enel ...

Eurohold: Revenues of 839 mln. euro from energy in H1

Thursday, September 1, 2022

Eurohold, the parent company of Euroins Romania, recorded 4 times higher total revenues in the first half (H1), with energy businesses generating revenues of 839 million euro (BGN 1.64 billion) and an EBITDA of 68.8 million euro (BGN 134.6 million), according to a press release. Thus, Eurohold Bulgaria AD reported record half-year results in 2022, thanks to the strong performance of the company’s two main businesses – electricity and ...

The value of electricity exports increased by over 182% in the first 5 months

Thursday, August 25, 2022

Romania has exported, in the first five months of this year, electricity worth 450 million euro, with 182.4% more as compared to the similar period of 2021, according to the data, centralized by the National Institute of Statistics.The biggest exports of electricity during the period mentioned above were registered in January, namely 104.5 million euro and the lowest in April – 71.5 million euro.As regards imports, they totalised in January ...

Natural gas stored in national warehouses, at 70%

Thursday, August 25, 2022

 The percentage of natural gas storage in national warehouses is 70%, PM Ciuca said Wednesday, giving assurances that through the steps taken by the Ministry of Energy the necessary quantities for the population and economy for the winter of 2022 - 2023 will be ensured."I am certain that, as we have assumed through the steps that the Ministry of Energy continues to take, we will have the guarantee of a continuous supply in the next period. We can, in this ...

Romanian state to gain this year over 43 bln RON from energy price hikes

Thursday, August 25, 2022

The Romanian state will gain this year over 43 billion RON from taxes and dividends paid by the energy sector, as a result of the price hikes, president of Romania's Energy Suppliers Association (AFEER) Laurentiu Urluescu told a press conference on Tuesday."The suppliers haven't yet received any money in compensation for the period starting in April. For the interval November to March, the first money came in after seven months, we are now four months into ...

XTB Analysis: Offshore wind energy could be one of long term answers to many climate and economic challenges

Thursday, August 25, 2022

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Offshore wind energy produced in wind turbine groups located in seas and oceans, in the vicinity of coasts or far from the seashore, could be one of the long term answers to many climate and economic challenges, according to an analysis of the brokerage house on XTB Romania international exchanges.   Energy production may grow by 47% until 2050. In the US, oil and natural gas will continue to be the main ...

ANRE approved the settlement of over 2,44 billion lei to energy suppliers

Thursday, August 25, 2022

The National Authority for Regulation in Energy (ANRE) approved until now the payment from the state budget of the sum of over 2.44 billion lei to the energy suppliers, through the mechanism of capping and compensation of bills, the press release of the institution says. " The situation of settlement applications for the period November 2021 - March 2022, respectively April 2022 - March 2023 is presented as follows: For GEO ...

Siemens Gamesa returns to Romania with 48-MW wind turbine order

Thursday, August 25, 2022

 After close to ten years of absence from the Romanian market, Siemens Gamesa Renewable Energy SA (BME:SGRE) is returning with the job to equip the country’s first subsidy-free wind park under a contract with project developer Eurowind Energy A/S, https://renewablesnow.com/ ...

July's energy price on the stock exchange, four times higher than last year's July

Thursday, August 25, 2022

The price of electricity on the spot market of the OPCOM stock exchange (after-hours market) had an average of 1,813 RON per MWh in July 2022, a value four times higher than the average price recorded in the same month of last year, respectively 462 RON per MWh, according to the monthly report posted on the website of the stock exchange operator.The total value of transactions was 4.35 billion RON in July, up by 364% compared to the same month last ...

Garanti BBVA grants first loan in Romania for GREEN HOMES certified project

Thursday, August 25, 2022

Lender Garanti BBVA has granted a green loan to the Belgian developer Speedwell for a residential project certified by Romania Green Building Council (RoGBC) under the GREEN HOMES international standards. It was the first loan of this kind in Romania.   The money was lent for phase 1 of THE IVY – the new residential project located in the Northern area of Bucharest. A project that is Green ...

Electrica reports 175.5 million RON losses during the first half of 2022

Thursday, August 25, 2022

 Electrica has reported losses worth 175.5 million RON during the first half of 2022, as opposed to a net profit of 76.1 million RON during the similar period of last year, according to the bi-annual report sent to the Bucharest Stock Exchange on Wednesday."The main negative impact that contributes to the negative result of 175.5 million RON is determined by the average acquisition price of electricity consumption on the distribution segment, 115% higher than ...

Contract regarding electricity commercial trade between Romania and Republic of Moldova, signed

Thursday, August 18, 2022

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The contract which will allow for allocating capacity for electricity commercial exchange on the interconnection line between Romania and the Republic of Moldova was signed on Thursday and the first electricity transactions between the two countries are estimated for the month of October, this year."Through the collaboration supported by the two Transport and System Operators for a common agreement which will result in allocating interconnection capacity, there will be a dynamic ...

BIG to develop 96.9MW wind farm in Romania

Thursday, August 18, 2022

Hungary-registered BIG Energia Holdings, part of the Israeli group BIG Shopping Centers (the owner of AFI shopping malls in Romania, among others), have all the permits to develop a 96.9MW wind farm in eastern Romania in Braila ...

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