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Energy & Environment
Romanian retailer Altex aims to install 0.67ha of PV panels on its buildings
Thursday, February 4, 2021
Altex, the leader of the electro-IT retail market in Romania, wants to install as many PV panels as possible on the roofs of its stores and logistics parks in the coming years. The retailer has already installed over 1,600 photovoltaic panels on its stores and Altex logistics centers in Arad, Satu Mare, and Chiajna and is deploying over 3,000 more photovoltaic panels in Lugoj, Deva, and Dragomiresti, aiming at a total ...
Reveal Marketing Research : Romanians' perception regarding the liberalization of the energy market in January 2021
Thursday, February 4, 2021
88% of Romanians say they knew that the energy market has been liberalized starting with January 1, 2021. 64% of respondents say they intend to continue with the same energy supplier. One third of Romanians (33%) found out about the liberalization of the energy market only after the 1st of January ...
Completion of the participation of BULGARTRANSGAZ to the LNG Terminal in Alexandroupolis
Thursday, February 4, 2021
The participation of BULGARTRANSGAZ, the operator of the national natural gas transmission network of Bulgaria, with 20% in the share capital of the Greek company GASTRADE that develops the Liquified Natural Gas (LNG) Terminal in Alexandroupolis, was completed today following the approval granted by the Bulgarian Commission for Protection of Competition. The participation of Bulgartransgaz in the ...
Elcen will rent modular capacities only for next winter, implementation would take 2-3 months
Thursday, February 4, 2021
Electrocentrale Bucuresti (Elcen) will rent modular thermal energy production capacities only for next winter, as the commissioning works would have lasted up to three months, Elcen administrator Claudiu Cretu told Energynomics. Initially, Elcen intended to carry out the connection of capacities following an emergency procedure, in order to make up for heat losses, especially in sectors 2 and ...
Enel Green Power and FNM sign agreement for hydrogen mobility development
Thursday, February 4, 2021
Examining and identifying the best way to supply green hydrogen – produced exclusively using renewable energy – for mobility by rail in Lombardy, as part of the “H2IseO” project. This is the aim of the memorandum of understanding signed by FNM and Enel Green Power. The agreement, signed by FNM Chairman Andrea Gibelli and Enel Green Power CEO Salvatore Bernabei, foresees the establishment of a joint ...
The law of vulnerable consumers must cover much more than financial aids for heating
Thursday, February 4, 2021
The draft law on vulnerable consumers launched by the Ministry of Labor has stimulated numerous comments and proposals for improvement from energy experts. It is not clear whether these were taken into account by the authorities, as the messages sent to the ministry were not followed by invitations to dialog or mere acknowledgment of receipt. One of the most important observations arising from the analyzes ...
White House says Biden believes Nord Stream 2 pipeline is ‘bad deal’ for Europe
Thursday, January 28, 2021
President Joe Biden believes the Nord Stream 2 natural gas pipeline is a “bad deal for Europe” and his administration will be reviewing restrictions on the project included in a bill that passed during the Trump administration, the White House said on Tuesday (26 January), euractiv.com informs. The restrictions on the undersea pipeline project were included in the annual defense policy bill ...
German government, businesses come forward in support of Nord Stream 2
Thursday, January 28, 2021
The German government said it will not abandon the Nord Stream 2 project, despite US sanctions and calls by the European Parliament to impose EU measures against the Russian-backed gas pipeline project over the Navalny case. “There is no direct connection between the Navalny case and Nord Stream 2,” government spokesman Steffen Seibert said in Berlin on Monday (25 January), adding that the ...
IRENA Forges New Partnerships to Advance Energy Transformation
Thursday, January 28, 2021
The International Renewable Energy Agency (IRENA) signed a host of new agreements in the margins of IRENA’s recently concluded Eleventh Assembly. The four-day meeting held virtually for the first time brought close to 100 minister level representatives and 2000 attendees together to discuss pathways needed to drive renewables adoption in a year of critical climate action. In the margins of the ...
Nuclearelectrica signed with E.ON Energie a contract worth almost 239 million lei
Thursday, January 28, 2021
Nuclearelectrica signed with E.ON Energie Romania a contract worth 238.853 million lei for the sale of wholesale electricity according to a report sent on Friday to the Bucharest Stock Exchange.The period for the energy delivery will be 1-28 February 2021.The National Society Nuclearelectrica is producer of electrical, thermal and nuclear energy. The company has two unincorporated branches: Sucursala CNE Cernavoda which exploits unit 1 and 2 from CNE ...
Hidroelectrica’s IPO will take place, at the earliest, at the end of this year
Thursday, January 28, 2021
There is a controversy over the listing of state-owned companies: to wait for the end of the crisis period (now triggered by Covid), in order to get a better price in the market, or to list anyway, as future stock market increases will equate to profit obtained during a boom period? It is, practically, the only barrier to the fastest possible listing of Hidroelectrica, about which more has been written than has been done in recent ...
Badea: Listing of Hidroelectrica does not mean that someone is leaving with the Romanian company
Thursday, January 28, 2021
The listing of Hidroelectrica SA can take place, at best, at the end of this year and we must explain to the Romanians that no one leaves with the Romanian company, as it is a method by which each of us can become part through buying shares in the company, Bogdan Badea, general manager of Hidroelectrica told on Monday a press conference dedicated to the tenth anniversary of the listing of Fondul Proprietatea (FP) on the local capital market."Listing is the most ...
Energy regulator ANRE: It is illegal to force suppliers to deliver energy at lowest price
Thursday, January 28, 2021
Forcing suppliers to deliver energy to household consumers at the lowest price is illegal, as it would be in violation of European regulations and would amount to a new Ordinance 114, on Tuesday said Zoltan Nagy-Bege, Vice-President of the National Energy Regulatory Authority (ANRE), at the online conference "Electricity in the Free Market" organized by the Bursa newspaper."Given the multiple pressure to which the authority was subjected at the end of ...
Enel-X installs 1,200 PV panels for Mega Image in Bucharest and Sibiu
Thursday, January 28, 2021
Enel X Romania, part of Enel X, Italian group Enel's advanced energy services division, will develop two photovoltaic systems for local retailer Mega Image in Popesti Leordeni and Sibiu.The two systems consist of over 1,200 PV panels with an installed capacity of over 500 kWp. The project in Ilfov involves the turnkey delivery of a photovoltaic system with over 1,008 photovoltaic panels located on a ...
Renewables overtook fossil fuels as EU’s main power source in 2020
Thursday, January 28, 2021
Renewables generated 38% of the EU’s electricity in 2020, overtaking coal and gas to become the main source of electricity for the first time ever in Europe, according to fresh data released on Monday (25 January)., euractiv.com informs. The share of fossil fuels in the electricity mix fell to 37% while the remaining 25% was made up by nuclear power, according to the study published today by think ...
Green bond issue for 3-5 million euro launched by Restart Energy
Thursday, January 21, 2021
Restart Energy will launch a green bond issue seeking to obtain between 3 and 5 million euros for investments, according to a press release sent on Wednesday.The bond issue is also the most important plan of the company at the beginning of the year. The interest will be about 8-10 pct, and the listing on the Bucharest Stock Exchange will take place in the coming weeks. The placement will be brokered by the brokerage company Goldring."The bond issue is a first ...
Restart Energy intends to double number of household customers, increase income by 80%
Thursday, January 21, 2021
Restart Energy, one of the biggest independent suppliers of energy and natural gas on the local market, intends this year to double the number of household customers, to 65,000 and to increase its income by approximately 80%, up to 220 million RON.According to a press release sent by the company on Wednesday, the growth is determined by the market liberalization and the adding of new business lines with higher added value, such as that of equipment sale.Thus, ...
Valentin Vasile is the new Marketing Director of Schneider Electric Romania and the Republic of Moldova
Thursday, January 21, 2021
Starting with January of this year, Valentin Vasile holds the position of Marketing Director of Schneider Electric Romania and the Republic of Moldova. Valentin’s appointment is an internal promotion, from his previous position of Customer Satisfaction & Quality Business Partner at Schneider Electric Romania, a position he held for three years. “Valentin’s arrival as Marketing Director of the company marks even more clearly our orientation towards ...
Eurohold gets approval from the Energy and Water Regulatory Commission to acquire the subsidiaries of CEZ Group in Bulgaria
Thursday, January 21, 2021
The Energy and Water Regulatory Commission granted approval to Eurohold Bulgaria for the acquisition of the Czech energy company CEZ Group’s subsidiaries in Bulgaria. In this ...
Jan - Nov 2020 final electricity consumption drops 4 pct YoY
Thursday, January 21, 2021
Romania's final electricity consumption over January - November 2020 amounted to 48.4 TWh, by 4 percent less from the same period of the year before, the National Institute of Statistics (INS) informed today.Public lighting consumption dropped 12.2 percent, household consumption went up 4.3 percent and electricity consumption in the economy fell 6.3 percent.Electricity exports were 40 percent higher in the reporting period, INS said.The total power ...