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Energy & Environment
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 ...
Ministry of Energy: Contracts for over 1,500 MW were awarded in the CfD tender
Thursday, December 19, 2024
The evaluation of the financial offers submitted by the participants in the first tender of Contracts for Difference (CFD) has ended successfully, being awarded contracts for more than 1,500MW, new green energy production capacities, the Ministry of Energy informs in a release.The weighted average estimated exercise prices for the first round of CfD were 65 euros/MWh for the production of electricity from onshore wind sources and 51 euros/MWh for ...
Framework agreement on the establishment of the International Solar Alliance ratified by President Iohannis
Thursday, December 12, 2024
President Klaus Iohannis signed on Wednesday the decree regarding the promulgation of the law for the ratification of the framework on the establishment of the International Solar Allaince (ISA).The respective framework was open for signing in Marrakesh, on 15th November 2016 and signed by Romania in Dubai, the United Arab Emirates on 3 December 2023.ISA was set up on 30 November 2015 in Paris, on the joint initiative of the President of ...
Electricity imports increase in 2024, mainly due to maintenance of some production units
Thursday, December 12, 2024
Romania's electricity imports increased by 60% this year compared to the previous year, mainly due to the maintenance activities of some production units, such as the capacity at Cernavoda Nuclear Power Plant, Dan Dragan, secretary of state in the Energy Ministry, told a specialized event on Wednesday.He was asked what is the reason for the 60% increase in electricity imports in 2024 and the 11% decrease in production."If we look at the ...
Complexul Energetic Oltenia getting modernised, as it is needed in energy system
Thursday, December 12, 2024
The Ministry of Energy has signed an important contract for the financing of the rehabilitation and modernisation project of the 9.9 MW micro-hydroelectric power plant at SE Turceni, implemented by Complexul Energetic Oltenia SA, the ministry announced on Monday.According to the source, financing is almost 65% provided from the Modernisation Fund."Even though we are going through a difficult period, with uncertainties, we are not slowing down. ...
Transgaz allocates over 3.3 mln RON for maintenance services
Thursday, December 12, 2024
Natural Gas Transport Company Transgaz intends to conclude a framework agreement with the object of system maintenance, the value of the contract being 3.33 million RON, excluding VAT.According to an announcement posted in the Electronic System of Public Procurement (SEAP), the object of the purchase is the maintenance of the Gas Market Operator Information System application (GMOIS).According to the cited source, the GMOIS platform was ...
Three new solar projects financed through PNRR
Thursday, December 12, 2024
The Minister of Energy, Sebastian Burduja, announced the start of three new projects financed through PNRR, according to a post on his social media page. “Romania is developing and developing with European money. This is the only way it can develop. With access to resources that we could not have hoped for 35 years ago, with plans and work. Romania is also developing with the vision of entrepreneurs who show courage and see the ...
Storage capacities development program, extended
Thursday, December 12, 2024
The call for projects “Supporting investments in the development of electricity storage capacities (batteries) with financing from the Modernization Fund” is extended by one month, respectively until February 17, 2025, the Ministry of Energy announced in a press release. Initially, the deadline for submitting projects to the program was January 17, ...
BRM acquires Bulgarian Energy Trading Platform
Thursday, December 12, 2024
The Romanian Commodity Exchange (BRM) has reached an agreement to acquire the Bulgarian Energy Trading Platform (BETP AD), in order to boost the neighboring country’s energy market and regional cooperation on natural gas trading, BRM announced. According to the cited source, the transaction will bring significant benefits to Bulgaria and Romania by strengthening energy security, expanding trading ...
EIB: 3 bln. euro financing for farmers and the bioeconomy
Thursday, December 12, 2024
The President of the European Investment Bank (EIB) Group, Nadia Calviño, announced a €3 billion financing package for agriculture, forestry and fisheries across Europe, as well as a boost to farm insurance. The EIB Group’s loans will be complemented by other participating financial institutions, unlocking €8.4 billion in long-term investment for the bioeconomy ...
Gov't approves new regulations for carbon dioxide geological storage facilities
Thursday, December 5, 2024
The government approved on Wednesday the amendment and completion of Government Emergency Ordinance No. 64/2011 on the geological storage of carbon dioxide, setting measures in place for the rapid development of the necessary infrastructure in order to reduce greenhouse gas emissions.According to a government release, "the new regulations approved by the government will facilitate the rapid and efficient development of the infrastructure needed for the ...
Transelectrica allocates over 414 million RON for retooling Alba Iulia station
Thursday, December 5, 2024
The National Electricity Transport Company - Transelectrica is allocating 414.34 million RON, without VAT, for retooling the Alba Iulia station, the contract to be concluded for a period of 44 months, according to an announcement posted in the Electronic System of Public Procurement (SEAP).The object of the acquisition is a "pilot project for retooling the 220/110/20 KV Alba Iulia station in the concept of a digital station".The contract provides for IT ...