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Energy & Environment
Schneider Electric Launches New Smart Grid Solutions to Strengthen Grid Resiliency, Flexibility, and Manage Net-Zero Demands
Thursday, October 31, 2024
Against a backdrop of increasing pressure on the energy sector,Schneider Electric is delivering end-to-end smart solutions across the energy chain, with the goal of enabling businesses to ...
PATRES: Balancing market electricity prices excessively high compared to day-ahead market
Thursday, October 31, 2024
Electricity prices in the balancing market have become excessively high compared to those in the day-ahead market, even unbearable for producers in the renewable sector, especially for the small, deregulated ones, as well as for other market participants, cautions the Employers' Organization of Romania's Energy Producers from Renewable Sources (PATRES).In a release on Monday, the industry's umbrella organization expresses concern over the alarming ...
EnergMin: Romgaz, other companies in Energy Ministry's portfolio mandated to help revitalize Romania's petrochemical plants
Thursday, October 31, 2024
Gas consumption in Romania has dropped significantly and it is obvious that the Romanian industry is no longer in its heyday, therefore the government has mandated both Romgaz and other companies in the portfolio of the Energy Ministry to work with and revitalize the large Romanian petrochemical plants, in order to really add value to gas, so that it isn't just used as cooking fuel, Energy Minister Sebastian Burduja said at the Palace of Parliament on ...
OMV Petrom CEO advocates predictability as prerequisite for sizeable investments
Thursday, October 31, 2024
Investments need a favorable environment for being carried out, OMV Petrom CEO Christina Verchere told the Aspen - GMF Bucharest Forum on Friday, noting that no one expects certainty, but an understanding of one's work environment is definitely required.Attending the 13th edition of the Aspen - GMF Bucharest Forum, an event organized by the Aspen Romania Institute and the German Marshall Fund of the United States, Verchere spoke about the ...
Enery commissions solar power plant with batteries in Romania
Thursday, October 24, 2024
The new Sarmasag hybrid power plant in northwestern Romania consists of a 51.4 MW solar power component and a battery facility of 22 MWh, Enery said quoted by https://balkangreenenergynews.com/. Two weeks after inaugurating an industry-scale solar power plant in neighboring Bulgaria, Enery ...
Retele Electrice companies buy transformers worth about 55 million lei for grid modernization projects
Thursday, October 24, 2024
Retele Electrice companies have initiated a public tender on the SEAP platform, with a maximum cumulative value of about 55 million lei (excluding VAT), for the purchase of transformers from medium voltage to low voltage, so that they can carry out modernization projects to increase the resilience and reliability of their distribution networks. "With this purchase, we want to ensure that our electricity grid will become more resilient in ...
Natural gas prospects after Ukrainian transit of Russian gas ceases
Thursday, October 24, 2024
Macro commentary by eToro analyst for Romania, Bogdan Maioreanu The access to Russian gas through Ukraine territory will cease starting the first day of next year. This is creating some supply problems for the EU but the danger seems not to be imminent. There are solutions to this problem, albeit not simple ones. Imports from ...
About 450,000 Romanians benefit from green electricity under Green House programme
Thursday, October 24, 2024
Nearly 150,000 homes benefit from the Green House Programme, accessed in the last two years, so that the number of Romanians who use green electricity is 450,000, with an average of three people per family, secretary of state with the Ministry of Environment, Water and Forests (MMAP) Bogdan Balaniscu told a specialist conference on Monday."There are financing lines with significant impact among the population. For example, we managed to make the Photovoltaic Green House ...
The homes of the future: 59% of people want smart technology in their new homes
Thursday, October 24, 2024
According to a study by the ifo Institute, it is expected that around 1.58 million new homes will be built across 19 European countries by 2025. Plus, with rent payments increasing year on year, more people than ever are looking to get onto the property ladder and new builds are an attractive option for many. However, our expectations when it comes to new build homes have shifted somewhat over the past few ...
Romania spends 1.2 pct of GDP on environmental protection in 2023
Thursday, October 24, 2024
Environmental protection expenditures at the national level amounted to 19.8 billion RON in 2023, equivalent to 1.2% of the Gross Domestic Product (GDP), according to data published on Friday by the National Institute of Statistics (NIS).According to the official statistics, in Romania, the highest environmental protection expenditures were recorded in the field of waste management at specialized producers (70.3% of total expenditures in the field of waste management), ...
First solar panel factory opens in Covasna county
Thursday, October 24, 2024
KBK Kraft Project will build in Sfantu Gheorghe, Covasna county, the first photovoltaic panel factory in Romania. The company signed a contract with the Ministry of Energy on Thursday to receive a 19.3 million euro financing from the National Resilience and Recovery Fund (PNRR), according to a press release from the ministry. KBK Kraft Projekt is a construction company from Bra?ov established in 2018, with an annual turnover of over 11 million ...
Rompetrol Downstream launched “hei Truck Caravan”
Thursday, October 24, 2024
Rompetrol Downstream launches “hei Truck Caravan”, a new concept aimed at promoting the hei brand and creating a “mobile laboratory” for the gastro segment in Rompetrol gas stations. Depending on customer preferences, selected assortments could be found nationwide. “This is a premiere for Romania, being the first initiative of its kind by a company specialized in fuel distribution. Customers have the opportunity to find ...
Iohannis in Brussels stresses importance of affordable energy prices
Thursday, October 24, 2024
President Klaus Iohannis stressed the importance of affordable energy prices, the need to stimulate connectivity and to remove structural bottlenecks in energy transmission networks at the European Council meeting on last Thursday.The main topics on the European Council meeting agenda were the situation in Ukraine, developments in the Middle East, the European Union's competitiveness and migration management.The agenda of the leaders also included discussions on ...
Greenpeace Romania seeks clarifications about Energy minister's alleged criminal complaint against environmental NGOs
Thursday, October 24, 2024
Greenpeace Romania representatives express their disappointment at the decision of Energy Minister Sebastian Burduja to challenge and restrict the "peaceful and legitimate activity of environmental organizations", despite his claims to share the common goals of strengthening Romania's energy security, accessibility and sustainability.In an open letter this Thursday, Greenpeace called for clarifications from Energy Minister Sebastian Burduja and Justice Minister Alina ...
Electrica gets non-repayable financing worth EUR 3.4 million for electricity storage project
Thursday, October 24, 2024
Romania's Electrica company has got non-repayable financing worth approximately EUR 3.4 million, under the National Recovery and Resilience Plan (PNRR), for the development of an electricity storage project at Fantanele, Mures County, the company informed on last Thursday.The total value of the project is estimated at EUR 21.8 million, including approximately 20% non-repayable financing.The initiative construction of electricity storage ...
Romania needs many heat pumps to reach decarbonisation target
Thursday, October 17, 2024
Romania needs a lot of heat pumps in the coming years to achieve its decarbonisation target in the heating and cooling sector, Sorin Elisei, director general at the Ministry of Energy, told a specialist event on Wednesday."On the electricity side, we are starting to do well. In 2030, Romania has an 87% reduction in emissions in the energy sector as against 1990 - and that is largely due to the "coal fault", so to speak, the elimination of coal, just as we set our targets under ...
Gov't changes calculation method for oil royalties payable by non-state-owned oil terminals
Thursday, October 17, 2024
The government approved on Wednesday the change in the method for the calculation of the oil royalty payable to the state budget by non-state-owned oil terminals, increasing the due percentage rate to 3% of their pre-tax revenues.According to a release from the Executive, a rule set forth in the Petroleum Law is thus implemented. Constanta Port oil operator Midia Marine Terminal SRL falls under the scope of these provisions.The Romanian state ...
Energy production in photovoltaic solar power plants up 60.5% in first eight months
Thursday, October 17, 2024
Energy production in photovoltaic solar power plants amounted to 2.57 billion kWh in the first eight months of this year, up 60.5% compared to the same period last year, according to data the National Institute of Statistics (INS) published on Monday.The figures for solar energy produced in photovoltaic installations include prosumers.On the other hand, output from wind power plants totaled 4.10 billion kWh, down 16.9% (835.9 million kWh) compared to the ...
Damen Shipyards Mangalia Signs Ship Repair Deal, Delivers For Neptun Deep Project
Thursday, October 17, 2024
Damen Shipyards Mangalia announced the signing of a new ship repair contract for the crude oil tanker “M/T Nusa Merdeka,” along with the successful delivery of the first two Conductor Anchor Node (CAN) structures for the Neptun Deep project in the Black Sea. These developments come shortly after the yard secured two additional repair contracts for the “M/T Tahiti” and “M/T Hadal Sally.” These achievements are especially noteworthy given that the ...
EnergMin Burduja: Romania has one of the highest levels of energy poverty among EU countries
Thursday, October 17, 2024
Energy poverty is still a thing in Romania, with the country having one of the highest levels among the member states of the European Union, according to Energy Minister Sebastian Burduja."Romania has, unfortunately, one of the highest levels of energy poverty among the European Union states. Although many of us take for granted the fact that we can turn on the light, the TV or the microwave when we get home, the heat from the radiators, the hot water, the truth is that ...