Green Economy Financing Facility to start in Romania
The European Bank for Reconstruction and Development (EBRD) will implement a new Green Economy Financing Facility in Romania with EUR 70 million, aiming to improve the energy efficiency of residential buildings. The Bank intends to engage a consulting company to carry out tasks to establish and maintain an infrastructure to implement the Facility, undertake coordination […]
New round of EIB loans for improving energy efficiency in Bucharest
Two projects for refurbishing the multi-family residential buildings in the Romanian capital of Bucharest received financial boost from the European Investment Bank. The European Investment Bank (EIB) said it is lending EUR 15.3 million to finance the second phase of the thermal rehabilitation programme covering multi-family housing in the Bucharest’s Sector 6 municipality. This is […]
Romanian Hidroelectrica sees healthy profits, plans investments
Hidroelectrica SA has some bold plans for the coming years, as the state-owned hydropower company returned from the brink of bankruptcy to become one of the most profitable companies in Romania. The company has plans to invest over EUR 500 million into modernisation in the next five years. The president of the Board of Directors […]
New law on renewables acceptable, still room for improvement
The Association for Wind Energy (RWEA) welcomed the decision of the Romanian Government to change the Law which sets the support system for the production of energy from renewables. According to RWEA, a series of legislative changes introduced since 2013 have affected the support scheme for energy producers in the renewables industry and a new […]
Proposed law changes for renewable energy in Romania not in favour of small producers
Small energy producers in Romania claim that proposed law changes for the renewable energy sector are not in their favour. After a public consultation, the Energy Ministry has recently published the draft bill for amending the Law 220 from 2008 which sets the support system for the production of energy from renewable sources. According to the […]
EFdeN – Solar house and status of prosumers in Romania
By Mihai Toader-Pasti and Claudiu Butacu, co-founders energiaTa and EFdeN EFdeN is one of Europe’s most sustainable houses. It is situated in Bucharest, the capital of Romania. The house has been developed by a passionate team of students, who participated in the third European edition of the Solar Decathlon competition, which took place in 2014 […]
Enel to invest EUR 200 million in digitalisation in Romania
Italian energy company Enel announced plans to invest EUR 200 million in network and equipment digitalisation in Romania, for the 2017-2019 period, according to the newly unveiled business strategy. As a part of a wide corporate changes, Enel Group announced it will invest as much as EUR 4.7 billion in digitalisation of its asset base, […]
Wind power industry losses in Romania reaching EUR 1 billion
Ernst & Young (EY) study, commissioned by the Romanian Wind Energy Association (RWEA), showed that the net loss of the wind power industry in Romania for 2015 is EUR 421 million, making the total losses in 2014-2015 up to EUR 909 million. Wind power projects, worth about EUR 5 billion in total, are the most […]