Romania

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project Read More »

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County, Romania. This loan represents the second financing line from the European infrastructure lender Kommunalkredit to the […]

Romania: Nuclearelectrica seeks €540 million loan for Cernavoda Unit 1 refurbishment Read More »

Romania: Nuclearelectrica seeks €540 million loan for Cernavoda Unit 1 refurbishment

Romanian power producer Nuclearelectrica plans to secure a €540 million credit facility from a bank syndicate led by JP Morgan to finance the refurbishment of Unit 1 at its Cernavoda nuclear power plant. The company’s management is currently seeking shareholder approval to proceed with the loan agreement, with full details of the syndicate’s structure and

Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor Read More »

Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor

Naftogaz Group has signed its first supply agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR group, to import natural gas from Azerbaijan using the Bulgaria-Romania-Ukraine corridor. Before starting regular deliveries, the company conducted a trial shipment of gas via the Trans-Balkan route. Naftogaz CEO Sergii Koretskyi stated that although the volume was small,

Romania: OMV Petrom and Romgaz invest €750 million in Neptun Deep offshore gas project to boost energy independence Read More »

Romania: OMV Petrom and Romgaz invest €750 million in Neptun Deep offshore gas project to boost energy independence

OMV Petrom and the state-owned company Romgaz have announced a €750 million infrastructure investment for the Neptun Deep offshore gas project in the Black Sea, following the issuance of an establishment authorization by Romania’s National Energy Regulatory Authority (ANRE). This funding will cover all essential foundational work required to bring the offshore field into production.

Romania: Enexus to build 20 MW Titu 1 solar power plant in partnership with Akis Enerji Read More »

Romania: Enexus to build 20 MW Titu 1 solar power plant in partnership with Akis Enerji

Enexus, a turnkey EPC provider specializing in large-scale solar power projects with integrated battery storage, has signed an agreement to construct the Titu 1 solar power plant in Dâmbovița County, Romania. The project includes a 20 MW solar installation alongside a 20 MVA transformer station. The initiative is being developed in partnership with Akis Enerji,

Romania sees surge in natural gas imports in early 2025, but long-term decline expected Read More »

Romania sees surge in natural gas imports in early 2025, but long-term decline expected

According to data released by the National Institute for Statistics (INS), Romania imported 1.066 million tons of oil equivalent (toe) of natural gas in the first five months of 2025. This represents an increase of 61 percent, or 403,700 toe, compared to the same period in 2024. During the same time frame, domestic natural gas

Romania: Hidroelectrica partners with Waldevar Energy to build EU’s largest floating solar power plant Read More »

Romania: Hidroelectrica partners with Waldevar Energy to build EU’s largest floating solar power plant

Romanian electricity producer Hidroelectrica has signed a 7.8 million euro contract with Waldevar Energy for the installation of a floating solar power plant at the Nufarul reservoir in Olt County. The project follows a 14-month timeline, starting with a four-month design phase and followed by ten months of construction. The pilot plant will use high-efficiency

Romania expands gas network to over 50,000 km in 2024, with urban areas consuming majority of supply Read More »

Romania expands gas network to over 50,000 km in 2024, with urban areas consuming majority of supply

According to data from the National Institute of Statistics (INS), Romania’s natural gas distribution network totaled 50,972.4 kilometers by the end of 2024. Of this, 26,558 kilometers were located in municipalities and urban centers. Over the course of the year, natural gas was delivered to 1,023 localities, including 255 officially designated cities and towns. The

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