Hidroelectrica should look into Black Sea offshore wind potential, minister says
Romania’s acting economy and energy minister Virgil Popescu has said the country’s state-owned hydropower producer Hidroelectrica should consider tapping the Black Sea offshore wind potential, local media have reported. No studies of he Black Sea offshore wind potential have been done so far, and the idea has not been publicly debated, although there is potential, […]
EU conditions EUR 251 million state aid to coal, power utility CE Oltenia
The European Commission has approved Romania’s plans to grant a EUR 251 million loan to second-biggest power producer Complexul Energetic Oltenia (CE Oltenia) but with strict conditions. The Romanian government has defined a plan to help Complexul Energetic Oltenia (CE Oltenia), coal-based utility trapped in a financial squeeze for years. A public loan warrants approval […]
Romania to invest EUR 53 million in charging stations for hybrid, electric vehicles
Romania is launching a EUR 53 million state aid scheme to stimulate investments in charging stations for hybrid and electric vehicles (EVs) which will span from 2020 to 2025. The measure is approved by the European Commission under EU state aid rules. Romania currently has more than 150 charging stations for EVs. In 2018, authorities […]
UPDATE: Romania’s CE Oltenia to close four units in coal power plants by 2025
In order to compensate for the capacities, the company plans to construct gas-fired and renewable energy units.
PM sees EU Green Deal taking out 40% of electricity capacity in Romania
Coal is doomed, the head of the government in Bucharest has told businesspeople and representatives of associations. Prime minister Ludovic Orban warned that decision makers have maybe ten years to find energy production solutions that reduce greenhouse gas emissions and hinted at the dependence on the fossil fuel for electricity in Romania. The European Union’s […]
Hidroelectrica initiates takeover of ČEZ, Enel’s facilities in Romania
The management of Speeh Hidroelectrica SA requested the goahead from shareholders to hire consultants and lawyers in the procedure it started with the aim to acquire assets from ČEZ Group and Enel SpA, counting on them divesting in Romania. The extraordinary meeting is scheduled for December 12. The hydropower plant operator also asked for a […]
Thermal power permits for 875 MW revoked by Romanian regulators
The Romanian Energy Regulatory Authority or ANRE decided to withdraw licences for three units controlled by Electrocentrale Bucureşti SA. Their total power capacity is 650 MW. The thermal facilities are equipped also for heating, as is one other system, located near the border with Serbia and Bulgaria, which also lost its permit. In a statement […]
CEZ receives over 30 letters of interest for Romanian assets
Czech energy group CEZ has received more than 30 expressions of interest for its Romanian assets, which include Europe’s largest on-shore wind farm, the 600 MW Fantanele-Cogealac, and plans to invite prospective buyers to submit non-binding bids in December. The filing of binding offers is planned for the second quarter of 2020, while the transaction […]
