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Energy & Environment
Energy association official: Investments in energy system - crucial for boosting its resilience
Thursday, July 25, 2024
Investments over the next five years in all the components of the national energy system are crucial for boosting its resilience, executive director of the Federation of Energy Utility Employers' Associations (ACUE Federation) Daniela Daraban declared on Friday at the end of the Energy Command meeting held at the Victoria Palace of Government under the coordination of Prime Minister Marcel Ciolacu."The conclusions of today's meeting were correct. The ...
We currently exceed 1,250 MW production in coal-fired power plants, EnergyMin Burduja says
Thursday, July 25, 2024
The energy consumption is, at this time, over 8,200 MW and it is important that it should be covered as much as possible from its own production, according to the Minister of Energy, Sebastian Burduja.He emphasized that the production in coal-fired power plants exceeds 1,250 MW."These days we have been looking for all possible solutions to increase the production of electricity, given we have high levels of consumption. At this time, the consumption is ...
Primary electricity generation to grow at average annual rate of 2.7 pct between 2024-2027
Thursday, July 25, 2024
The production of primary electricity will grow at an average annual average rate of 2.7% between 2024 and 2027, according to the latest Energy Balance Forecast published by the National Commission for Strategy and Prognosis (CNSP).According to the cited source, hydropower production in 2024 will have an estimated value of 1.469 million toe, down by 8.3% compared to 2023 under unfavorable climatic conditions, and will return to an increase of more than 4% in 2025 under ...
E.ON: Half of Romanians would like to purchase heat pumps
Thursday, July 25, 2024
Although the heat pump market is at an early stage in Romania, more than 50% of Romanians would consider purchasing such equipment in the next year if they had the necessary financing and if the state granted subsidies. This is one of the conclusions of a sociological research carried out for the despre-energie.ro platform, a project supported by the companies Delgaz Grid and E.ON. Of the respondents, almost 74% state that they have little or no ...
Retele Electrice Companies get loans of 1 bln. lei from a consortium led by EBRD
Thursday, July 25, 2024
Retele Electrice companies, part of the PPC Group, signed credit agreements worth one billion lei with the European Bank for Reconstruction and Development (EBRD), Banca Transilvania, BCR and ING Bank Romania, as part of a syndicated financing in which the EBRD former consortium leader. The funds will be used to refinance and finance the investment programs of electricity distribution operators Retele Electrice Muntenia (REM), Retele Electrice Banat (REB) and Retele Electrice Dobrogea ...
Rompetrol Rafinare: Modern system implemented in the Delayed Coking Unit
Thursday, July 18, 2024
Rompetrol Rafinare, a KMG International Group (Rompetrol) member company, has recently finalized modernizing the Delayed Coking Unit (Cx) of the Petromidia refinery, by implementing a new drilling/cutting system of petroleum coke, but also the automation of the production flow. The total value of the investment was about 13 million dollars. “Through these works, we manage to bring the Delayed Coking Unit to a new technological stage, an ...
Jan - May primary energy resources drop 5 pct YoY
Thursday, July 18, 2024
Romania's primary energy resources over January 1 - May 31, 2024 were 5 percent down year-over-year, with the country's main primary energy resources in the reporting period amounting to 12.801 million toe, by 669,800 toe less compared to the year-ago period, shows data released by the National Institute of Statistics (INS) on Monday.The country's electricity resources were 2.4 percent down from the same period of 2023.The domestic energy output amounted to ...
Attractive regulatory framework can secure grid investments to 2030
Thursday, July 18, 2024
Distribution operators should invest at least EUR 6 billion of their own resources over the next five years in the development and adaptation of electricity grids, but in order to draw such money, a regulatory framework is needed that allows the recovery of current funding costs through distribution tariffs, from the capital market, according to the Federation of Associations of Energy Utilities Companies (ACUE)."Electricity distribution operators are ready ...
Nala Renewables to acquire solar PV project in Romania
Thursday, July 18, 2024
*The solar project will begin construction in the third quarter of 2024 and will be connected to the power grid by 2025. Nala Renewables has entered an agreement to acquire a 61MWp [megawatts peak] solar photovoltaic (PV) project in western Romania from renewable energy group Monsson. The solar project will begin construction in the third quarter of this year and is expected to be connected to the Romanian ...
European Energy secures 500 MW of grid connection approvals in Romania
Thursday, July 18, 2024
European Energy has received grid connection approvals for around 500 MW of solar and wind energy projects across, https://energycentral.com/ informs. These approvals bring the projects closer to the ready-to-build stage. The total development pipeline for European Energy ...
OMV Petrom entered the EIT InnoEnergy Fund, supported by TotalEnergies, Engie, ING, Volkswagen, Siemens
Thursday, July 18, 2024
The largest oil and gas producer in Romania, OMV Petrom, became a shareholder of the EIT InnoEnergy fund, co-founded by the European Union, according to Profit.ro. The operation was carried out through a 2023 private financing round of more than 140 million euros. The EIT InnoEnergy Fund is recognized as an important investor making placements at the start of a new business. So far it has invested 690 million euros in more than 180 companies that are expected to ...
President Iohannis resubmits the law on mandatory storage for prosumers to Parliament
Thursday, July 18, 2024
The new provisions of the law on storage and storage made by prosumers are inappropriate and inapplicable in the form in which they are regulated, claims President Klaus Iohannis, who asked the Parliament to reexamine the Law that introduces the obligation of prosumers to ensure both the production and storage of energy. The head of state shows that Romania’s goal of becoming a neutral country from the point of view of carbon emissions, ...
Minister Burduja: At the end of next year we should have storage capacities of at least 2.5 GW
Thursday, July 18, 2024
Romania should have, in total, at the end of next year, storage capacities of at least 2,500 MW, and by 2026 to exceed 5,000 MW, according to the Minister of Energy, Sebastian Burduja. “In total, at the end of next year we should have storage capacities of at least 2,500 MW, and by 2026 we should exceed 5,000 MW. These targets are ambitious, but they are aligned with Transelectrica’s recommendations and analyses, which show a need for ...
PPC’s Menegazzo: The national energy system shows its technical limits
Thursday, July 18, 2024
The national energy system shows its technical limits, being subjected to an unusual thermal stress, and among the causes for the limits in the production of electricity and for the high prices on the energy markets are elements such as inconsistencies in the adoption of a National Energy Strategy, bureaucracy and a populist approach, says Alessio Menegazzo, CEO and country manager of PPC (formerly Enel) in Romania. “Subjected to an unusual ...
Prosumers’ Association: The heat showed us how fragile we are from an energetic point of view
Thursday, July 18, 2024
The heat of the last period showed us how fragile we are from an energy point of view, and a storage system costs three times less than the unfulfilled dream of Romania, namely the Tarnita-Lapustesti Pumped Storage Plant, say the specialists from the Association Prosumers and Energy Communities (APCE). “The heat showed us how fragile we are ...
Hidroelectrica: Investment of over 200 mln. euro for refurbishment of HPP Vidraru
Thursday, July 11, 2024
The contract for upgrading Vidraru Hydropower Plant, a 200 million euro investment, was signed on Tuesday in Arges county, in the presence of premier Marcel Ciolacu and energy minister Sebastian Burduja. The contract signing ceremony was attended by Marija Kapitanovic, the Croatian ambassador to Bucharest, since a Croatian company will be involved in the upgrading process. “It is an important event for the ...
Elcen submits financing request for new high-efficiency cogeneration power plant project
Thursday, July 11, 2024
Elcen submitted on Tuesday in the MySMIS system the funding request for the project "Implementation of a high-efficiency cogeneration unit within CTE Bucharest South," in order to obtain non-refundable financing from the Modernisation Fund, the company announced.Elcen representatives referred to Key Programme 5, High Efficiency Cogeneration and Modernisation of Heating Networks.According to the same source, the investment has a nominal power of about 275 MWe and ...
OMV Petrom's hydrocarbon production decreases slightly, to 110,100 boe/d, in second quarter of 2024
Thursday, July 11, 2024
OMV Petrom achieved a hydrocarbon production of 110,100 barrels of oil equivalent per day, in the second quarter of this year, 1.4% lower than the previous quarter, according to the data sent to the Bucharest Stock Exchange on Tuesday.Oil and condensate production was 52,600 boe/day (minus 1.7%), and natural gas production was 57,500 boe/day (minus 1%).In the second quarter of this year, the total volume of hydrocarbon sales amounted to 105,000 boe/d, being ...
Demand for solar panels has tripled in Romania
Thursday, July 11, 2024
Romanians install 3 times more solar panels and heat pumps in 2024 compared to last year, to reduce energy consumption as much as possible, due to rising bills during heatwave, says Kilowat, a green energy company. In the context of heatwaves and the constant increase in energy prices, more and more Romanians are looking for solutions to reduce their costs and to get rid of the worries of energy bills. “The energy bills are getting higher, ...
Belgian steel wire company inks virtual PPA for wind farm in Romania
Thursday, July 11, 2024
Steel wire transformation and coatings producer N.V. Bekaert has secured 100 GWh from a wind farm in Romania under a power purchase agreement, https://balkangreenenergynews.com/ informs. Belgium-based N.V. Bekaert employs 28,000 people in 45 countries ...