Biomass, biogas and geothermal getting EUR 100 million boost

A support programme worth more than EUR 100 million has been drafted for investments in less exploited renewable resources, like biomass, biogas and geothermal, portal Energynomics.ro reported. Romanian Ministry of European Fund said the maximum planned grant per project is EUR 15 million. The funds will be provided from the European Regional Development Fund and cofinanced by the state through […]

IRENA tailors renewable energy Action Plan for the SEE region

The International Renewable Energy Agency (IRENA) will work closely with South East European (SEE) regional stakeholders to customize further actions that will improve renewable energy sector in the region. Developing the customized SEE renewable energy Action Plan was announced at the workshop in the Bucharest, co-organized with the Romanian Ministry of Energy. “Romania has almost […]

50 green projects in Romania received EUR 54 million

50 Romanian companies and NGOs received total of EUR 54 million from private financing and Norwegian grants for the development of green projects. At this stage two countries negotiate the new agreement  for the period until 2021. The state of Norway green investments, worth EUR 26 million, had been awarded for Romanian companies and NGOs […]

Romania’s energy consumption rose by 9.2 %

Romania’s total electric energy consumption in January – July period increased by 9.2 % compared to the same period last year,  and reached  32181.7 million KWh, National Statistics Institute (INS) reported. Romania’s domestic energy production amounted to 11841.2 thousand toe, decreasing from 918.5 thousand toe compared to the same period the year before. At the […]

State mulls scrapping development of 1 GW hydro plant

The government in Bucharest is considering the option to abandoning a renewable energy project worth EUR 1 billion. Energy minister Victor Grigorescu said Romania’s cabinet is looking for alternatives for hydro pumped storage unit Tarnița – Lăpuștești, designed for 1 GW, as quoted by News.ro on September 7. There are prospects to switch to several […]

Emon Electric sold to EnComm

Swedish-based wind energy and photovoltaic project developer Monsson Group said it sold Emon Electric from Romania to African company EnComm for an undisclosed sum in order to focus on external markets with a more stable business environment, SeeNews reported. Monsson bought the majority stake in the electric works business in May 2014. “I believe that […]

Enel wins case brought on by government

The Arbitration Court in Paris ruled against Romania’s state energy holdings administration company SAPE SA in the case for alleged breaches of privatization contract by Italian Enel SpA. The government earlier lost processes involving E.ON and ČEZ, which had also acquired branches of state-owned Electrica SA. The current case was for damages of over EUR […]