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Energy & Environment
Arad local authories complete authorization formalities for the largest photovoltaic park in Europe
Thursday, January 16, 2025
The rural town halls of the Arad rural towns of Pilu and Graniceri have completed all procedures and issued all necessary authorizations for the construction of the largest photovoltaic park in Europe, a private investment estimated at 800 million euros that will be made on a total area of over 1,000 hectares.The mayor of Graniceri rural town, Petru Claudiu Batrinut, told AGERPRES on Thursday that the last documents were issued in December, ...
Romgaz's first offers for small domestic and non-domestic consumers could be available in 2025
Thursday, January 16, 2025
Romgaz is preparing to become a supplier of natural gas and if the acquisition and implementation procedures will be carried out according to the established schedule, the first offers for small domestic and non-domestic consumers will be available in 2025, the Ministry of Energy announced on Thursday."The Ministry of Energy welcomes the strategic initiative of Romgaz, Romania's flagship energy company, to expand its activity to supply natural ...
Mintia, Europe's largest gas-fired power plant, to be fully completed in 2026
Thursday, January 16, 2025
Mintia, the largest gas-fired power plant in Europe, will be fully completed in 2026, and by the end of this year at least 1,000 MW of capacity should be already connected to the grid, Energy Minister Sebastian Burduja told a press conference on Thursday."My favorite watchword this year is: investments, investments, investments. If we want Romanians to have safe, accessible and clean energy, we must make investments. Every megawatt we add to the ...
Reuters: Austria's OMV agrees to supply Romanian gas to Germany, sources say
Thursday, January 9, 2025
Austria's OMV has struck a deal to supply Germany's Uniper with gas from its Black Sea project from 2027, three people familiar with the matter told Reuters, as Europe seeks new ways to boost energy security after cutting ties with Russia. The five-year deal for 15 terawatt hours of natural gas from the Beptun Deep ...
R.Power secures grant for 254MWh Romania BESS
Thursday, January 9, 2025
Developer and IPP R.Power has received €15 million (US$15.6 million) in non-reimbursable state financing to build a 2-hour BESS project in Romania, https://www.energy-storage.news/ informs. The independent power producer (IPP) announced the grant on business networking site LinkedIn last week (3 January), saying the RON74.6 million funding from the Ministry of Energy would go towards its first ...
Cold weather and exports to Moldova push up gas prices on Romania’s spot market
Thursday, January 9, 2025
The spot price of natural gas on the Romanian Commodity Exchange (BRM) jumped by 66% y/y to RON 250 (EUR 50) per MWh at the beginning of this year despite the low consumption during the holiday period, according to data presented ...
AEI's Chisalita: Energy market liberalisation, only option for Romania
Thursday, January 9, 2025
The only option for Romania is the liberalisation of the energy market as of April 1, along with market preparation, as much as time allows it, Intelligent Energy Association (AEI) president Dumitru Chisalita said in a statement regarding the expiration of the price caps for gas and electricity on March 31, 2025.According to him, the biggest challenge of the year is related to the fact that in March, the price caps for gas and electricity are set to expire.In ...
Romania's production of crude oil down 3.9 pct, imports up 4.9 pct in first 10 months of 2024
Thursday, January 9, 2025
In the first ten months of 2024, Romania produced 2.246 million tonnes of oil equivalent (toe), down 92,200 toe (-3.9%) than in the same period of the previous year, according to data centralized by the National Institute of Statistics (INS).Imports of crude oil totaled 6.665 million toe during the period, 313,200 toe more than in January-November 2023 (+4.9%).According to the latest Energy Balance Forecast, published by the National ...
South Korea wins €1.9 billion nuclear renovation deal in Romania
Thursday, January 9, 2025
* South Korea steps into nuclear renovation market with Cernavoda project South Korea has clinched a €1.9 billion ($2 billion) contract to renovate a nuclear power plant in Romania, marking a pivotal achievement in its growing presence in the global nuclear energy market. This project, the first overseas nuclear reactor refurbishment awarded to South Korean companies, follows major nuclear power ...
Nuclearelectrica to advance refurbishment of Cernavoda NPP Unit 1 under EUR 1.9 billion estimated investment
Thursday, January 9, 2025
Nuclearelectrica and the international consortium Candu Energy Inc., an AtkinsRéalis company, Ansaldo Nucleare, Canadian Commercial Corporation and Korea Hydro & Nuclear Power Co ceremonially signed the Engineering, Procurement and Construction (EPC) contract for the advancement of Cernavoda Nuclear Power Plant (NPP) Unit 1 refurbishment, estimated value is EUR 1.9 billion, according to a Nuclearelectrica press release.Nuclearelectrica says in the press release ...
Romania targets an extra 2,500 MW in the energy system in 2025
Thursday, January 9, 2025
Romania targets 2,500 new MW in the energy system in 2025, with investments such as Iernut, Mintia, Rastolita, Navodari and private projects co-financed through the PNRR, but the energy must be “safe, affordable and as clean as possible”, the Ministry of Energy said in a statement. “Energy is the heart of the economy. Without safe and cheap energy, there is no decent standard of living and no economic development. ...
Renalfa IPP acquires a 258 MW solar project in Teleorman
Thursday, January 9, 2025
A 258 MWac (megawatts alternating current) photovoltaic (PV) project in Teleorman, Romania, has been acquired by Renalfa IPP, a leading renewable energy development and investment company based in Vienna. This acquisition is in line with Renalfa IPP’s strategic commitment to developing sustainable energy solutions in Central and Eastern Europe (CEE). The project also represents a significant milestone in the expansion of Romania’s ...
Hungarian MVM Group to acquire majority share package of E.ON Energie Romania
Thursday, December 19, 2024
The MVM Group, the second largest company in Hungary, signed an agreement on Monday to acquire the household and customer solutions division of E.ON in Romania.According to the agreement, MVM will acquire a 68% stake in E.ON Energie Romania and a 98% stake in E.ON Asist Complet, a press release of the Hungarian group informs.The transaction is expected to be finalized in 2025, after all the necessary approvals had been obtained from the competent authorities. ...
Schoenherr advises Enery on securing EUR 214.45m bank loan for Romanian renewable energy portfolio and expansion
Thursday, December 19, 2024
Schoenherr advised Enery on signing a EUR 214.45m bank loan facility with UniCredit Bank, Banca Comerciala Romana and Erste Group Bank AG as Original Lenders and Mandated Lead Arrangers. BCR and UniCredit acted as Joint Coordinators and Bookrunners, while UniCredit was nominated as Documentation Agent and BCR was nominated as ESG Coordinator, Security and Facility Agent. The firm's services covered borrower-side legal advice in connection with ...
IAEA Completes International Physical Protection Advisory Service Mission in Romania
Thursday, December 19, 2024
An International Atomic Energy Agency (IAEA) team of experts today completed an International Physical Protection Advisory Service ...
Value of contracts signed until today for building new solar parks amounts to 1 billion lei
Thursday, December 19, 2024
The Minister of Energy, Sebastian Burduja, signed on Friday 55 financing contracts aimed at construction projects for solar parks for municipalities and public institutions, their total value being 120.9 million lei, with an installed power of 18.45 MW."So far, we have signed projects worth over 1 billion lei for municipalities and public institutions, through which they will build solar parks and reduce electricity bills. Today alone we have signed with 55 municipalities ...
Romania, ready to support Moldova to face energy challenges
Thursday, December 19, 2024
Romania stands with the Republic of Moldova in the face of the energy challenges this winter, with the Ministry of Energy acknowledging the decision of the government in Chisinau to declare a state of emergency starting December 16, 2024, due to the risks associated with energy supply.According to a press release from the Ministry of Energy, Romania is prepared to support the Republic of Moldova through this critical period."We are in constant contact with our ...
Solar power generated by photovoltaic installations up 55pct January through October
Thursday, December 19, 2024
The solar power generated by photovoltaic (PV) installations accounted for 3.18 billion kWh in the first ten months of this year, up 55.1% compared to the same period last year, according to data published on Friday by the National Institute of Statistics (INS).The figures regarding the solar energy produced in photovoltaic installations also includes prosumers.Production from thermal power plants was 14.06 billion kWh, down 1.2%, production from hydroelectric ...
Government declares "MASS Mintia Power Plant" project of national importance
Thursday, December 19, 2024
The Government has declared the investment project MASS - Mintia Power Plant as a project of national importance in the energy sector by a decision approved on Wednesday in the Government meeting, said the spokesperson of the Executive, Mihai Constantin."We are hoping another investment project with a great impact in the short term will come into force: the Mintia Power Plant investment project has been declared of national importance following the dialogue with the private ...
Distribution Electric Energy Romania takes loan of 200 mln euros from EIB to upgrade network
Thursday, December 19, 2024
The European Investment Bank (EIB) granted Distribution Electric Energy Romania (DEER), the distribution operator within the Electrica Group, a loan worth 200 million euros to modernize its network which covers 40% of Romania's territory and serves approximately 4 million households and businesses, informs a press release from Electrica."Electrica's smarter and more resilient infrastructure will mean easier operations for the businesses it serves, better living ...