Electrica exiting two wind energy projects
Citing declining profitability of renewable energy, Romanian utility revealed a plan to terminate the development of two wind parks, which is reflected by financial statements by the management, Business-Review reported. Electrica SA was listed on markets in Bucharest and London in July last year, and made a decision at the time to postpone investment in […]
Three companies from China bid for HPP project
State-run company Hidro Tarniţa SA has three bidders left in the race for the construction of a 1 GW hydro pumped storage facility Tarnița – Lăpuștești on Someșul Cald river in Cluj county in Romania’s northwest, Economica.net reported. The plant project, which has been stalled for the last three decades, is worth over EUR 1 […]
Photon Energy subsidiary expands to Romania
Solar power solutions and services company Photon Energy said its subsidiary Photon Energy Operations expanded to Romania, SeeNews reported. The company takes over the full monitoring, operations and maintenance of three power plants with a capacity of 11 MW based in Oradea, in the northwestern part of Romania, according to a statement filed with the […]
Romania interested in exporting power to Serbia
During his visit to Serbia on July 16, Romania’s president Klaus Iohannis said his country is interested in exporting electricity to Southeastern Europe’s markets, including Serbia. The exports could be made through specialized companies that operate on the two markets, he added after meeting his Serbian counterpart Tomislav Nikolić, Business Insider reported. Romania and Serbia […]
Grid set for 60 MW of power capacity from renewables
Several units generating power from renewable sources, from overall investments of over EUR 100 million, may soon be connected to the grid,
Investments of EUR 30 billion needed in energy sector
Government of Romania has extended the implementation period for the „District Heating – Warmth and Comfort 2006–2015” programme until 2020. It includes various investments in the generation, transmission and distribution of thermal energy. A total amount of EUR 480 million was allocated, Romania Insider reported. However, only EUR 95 million have been used so far. […]
Erste: Romania on hold, focusing on Croatia, Serbia
Due to the volatility of the incentive scheme and the continuous regulatory changes, the financing of new projects in Romania is not an option for the moment for Erste Group Bank AG, Markus Kriegler, its head of project finance, told SeeNews in an emailed interview. Erste is looking into backing mainly small hydro, biogas and […]
Partnership set for developing solar power plants
Armand Group, a Romanian renewable energy operator, said it signed an agreement with Green Tech Ltd., a specialized British company, for the finance and development of solar photovoltaic projects below 500 kW capacity that will benefit from the new solar feed-in tariff expected to be applied this year in the country. With British finance and […]
