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Energy & Environment
Siemens Romania is driving changes in our energy systems with innovative technologies at the #GridEdge
Thursday, April 15, 2021
The crisis caused by the coronavirus has increased the response capacity of companies, which are now much better prepared to cope with shocks, said Cristian Secosan, CEO Siemens Romania and Moldova, at the 8th annual edition ...
Start in the evaluation of the projects registered in the ElectricUp financing program
Thursday, April 15, 2021
The Ministry of Energy announced on April 9 that the evaluation phase of the applications in the ElectricUp Financing Program has started. Applicants are urged to monitor the messages received through the dedicated platform and to respond in time to any requests for clarification or completion. Launched in December 2020, the financing program for small and medium enterprises and HORECA is meant to support the installation ...
Europe builds 87 bln. euro worth of fossil gas assets
Thursday, April 15, 2021
Europe is already building or planning to build €87 billion worth of fossil gas infrastructure in a continued expansion of pipelines and LNG terminals, despite the need to halve emissions by 2030, according to a new report published on Thursday (8 April). Fossil gas consumption needs to decline 36% from 2020 to 2030, according to the European Commission, but the planned public and private investment would see ...
Energy ministers urge for regulatory framework on hydrogen
Thursday, April 15, 2021
European energy ministers have highlighted the need to create a stable regulatory framework for hydrogen in the European Union, capable of attracting private investors into a competitive and predictable market. Speaking at the conference “Hydrogen in Our Societies – Building Bridges” on Wednesday (7 April), a number of national politicians expressed the same ...
Govt. to spend another EUR 20 mln for closing down mines
Thursday, April 8, 2021
Romania's Government will disburse another RON 97 million (EUR 20 mln) of state aid to the coal and power complex CE Hunedoara, currently under insolvency. The company will use the money to finance the closure of two coal mines: Lonea and ...
Photon Energy envisages EUR 100 mln portfolio in Romania
Thursday, April 8, 2021
Photon Energy, a Dutch group focused on the development and operation of solar projects, envisages developing a local portfolio of solar parks that could be valued at about EUR 100 ...
ENEL X ROMANIA INSTALLS OVER 2,800 PHOTOVOLTAIC PANELS FOR PENNY RETAILER
Thursday, April 8, 2021
Enel X Romania, part of Enel X, the advanced energy services division of the Enel Group, implements two projects for the development of photovoltaic systems for retailer PENNY Romania in Turda and StefAnesti, with an installed capacity of 1,250 kWp, a statement sent to ACTMedia informs. The project in Turda involves the turnkey delivery of a ...
Chimcomplex Borzesti shares are advancing rapidly amid remarkable results
Thursday, April 8, 2021
The shares of Chimcomplex Borzesti, a company that owns the Oltchim (Vâlcea) and Borzesti platforms, registered an advance of 23.3% on Friday afternoon, amid transactions of 59,730 lei, the issuer reaching over 820 million lei capitalization, according to the calculations made by ZF. On Monday, the company gained another 18%, based on data analyzed by energynomics.ro, while the advance from the beginning of the year was about ...
Hidroelectrica wants to be part of the offshore wind project on the Black Sea
Thursday, April 8, 2021
2020 was a challenging year for Hidroelectrica, one of the companies responsible for ensuring energy security in Romania, said Bogdan Badea, CEO Hidroelectrica, at the 8th annual edition of Spring ...
ANRE: Standards of performance for energy delivery and distribution
Thursday, April 8, 2021
In April, we will approve the standards of performance for power and natural gas supply, Zoltan Nagy-Bege, Vice-President of the Romanian Energy Regulatory Authority – ANRE, announced ...
E.ON to deliver 145 small-sized turnkey PV projects for EUR 13 mln in Romania
Thursday, April 8, 2021
Electricity and gas supplier E.ON Energie Romania has recently concluded contracts with 145 local customers for delivering turnkey photovoltaic power plants. The customers will operate the facilities as prosumers - meaning that they will deliver part of the electricity to the public power grid. On-grid solar power plants, with a power between 33 and 100 KW, will provide E.ON's clients with renewable energy for their own ...
Romgaz officially fires contractor for 460MW power plant
Thursday, April 8, 2021
Romanian state-controlled natural gas producer Romgaz (SNG) has officially terminated the contract for the development of the Iernut gas-fired power plant, signed in ...
Romgaz is sole bidder for ExxonMobil’s stake in Black Sea project
Thursday, April 8, 2021
Romgaz (SNG), backed by the Government, is the only bidder for the 50% stake held by the US group ExxonMobil in local offshore gas perimeter Neptun Deep, Ziarul ...
Report : Renewables can accelerate the decarbonisation of the Romanian energy sector,
Thursday, April 8, 2021
The health crisis has amplified concerns on climate change and drawn more attention towards the rise of sustainability and environmental protection across the globe. The need for decarbonization has generated changes in global strategies of governments and companies in terms of energy efficiency and renewable energy sources across the globe. Globally, the major powers and, at the same time, the biggest polluters, China and the US are fighting for decarbonisation, while in Europe, the ...
Nuclearelectrica sells EUR 78 mln of electricity to Engie
Thursday, April 8, 2021
Romanian state-controlled nuclear power company Nuclearelectrica (SNN) concluded a contract worth RON 383 million (EUR 78 mln) with gas and electricity supplier Engie Romania. The contract covers energy sales between April 1-30, according to a statement sent to investors. The contract's value accounts for over 15% of Nuclearelectrica's turnover last year. Nuclearelectrica carried out the transaction on the Centralized Market with ...
GSP installs first offshore oil platform in Black Sea's Ana gas field
Thursday, April 8, 2021
Grup Servicii Petroliere (GSP) has successfully set in place more than 120 km off the Romanian Black Sea shores the first fixed offshore oil platform in the gas field, according to a press statement released by the company .The moment is significant in the history of hydrocarbon exploration on the Black Sea continental shelf, as it marks more than three decades since the first oil rig in the Black Sea became operational in May 1987. After 34 years, the Romanian company GSP, ...
Rompetrol and MOL will open new gas stations on highways A1 and A2 with recharging stations for electrical cars
Thursday, March 25, 2021
The National Company for Administration of Road Infrastructure (CNAIR) signed on Monday with Rompetrol and MOL concession contracts for the equipment, operation and maintenance of the space for services on highways A1 and A2, so that gas stations and recharging stations for electrical cars.According to a press release of CNAIR it is about routes Nadlac – Sibiu (A1) Pitesti – Bucuresti (A1) and Cernavoda – Constanta ...
Nuclearelectrica concludes transaction with Uranium National Company
Thursday, March 25, 2021
S.N. Nuclearelectrica S.A., the only nuclear energy producer in Romania, has taken over of the uranium oxide processing line from Uranium National Company S.A. Feldioara Branch. Radu si Asociatii SPRL provided legal assistance in the transaction. The strategic decision to acquire a part of the Feldioara assets necessary for the processing of the raw material took into account the need for integrated ...
OMV Petrom expects 32 pct higher net profit this year
Thursday, March 25, 2021
OMV Petrom's net profit estimate for this year stands at 1.824 billion lei, by 32 percent higher than the 1.382 billion lei registered the year before, the documents posted on the company's website state.The oil and gas group has budgeted investments of 3.319 million lei in 2021, up by 3.5 percent from last year's figure, which stood at 3.206 million lei.Sales revenues are expected to grow by 3 percent to 15.875 billion lei from 15.437 billion ...
Investments worth 1.563 billion lei in electricity networks last year
Thursday, March 25, 2021
Electricity distribution and transmission operators invested a total of 1.563 billion lei last year, compared to a forecasted value of 1.572 billion lei, which means an achievement of over 99 percent, according to a press release of the Romanian Energy Regulatory Authority (ANRE), sent on Monday."Following the constant monitoring that ANRE undertakes on the investment programs of the Electricity distribution and transmission network operators, the Authority ...