Romania: Black Sea Oil & Gas launches new biogas business Read More »
Black Sea Oil & Gas SA (BSOG) and its shareholders, global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD) announce that it has launched BSOG Energy SRL, a new company focused on developing biogas production plants across Romania. Headquartered in Bucharest, Romania, BSOG Energy will develop biogas plants across Romania with […]
Romania: TMK Hydroenergy commissioned a 1 MW floating solar power plant Read More »
TMK Hydroenergy Power, in partnership with Innovation Norway, developed the first floating photovoltaic energy system in Romania, on the lake of the Grebla hydropower plant, a landmark in renewable energy and produces over 1 million kWh of green energy annually. The initiative represents a pioneering action and marks a significant step towards sustainability, through the simultaneous
Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast Read More »
The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica to shareholders, sent the company’s shares down by 2.55%. The revision was prompted by a change in the electricity price outlook, only partly compensated by the higher production forecast. Total operating revenues are rectified
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit. The investment of about 16 million dollars, implemented as part of the recently completed general turnaround, will lead to increased amounts of loaded catalysts.
Romania: Fitch assigns Romgaz ‘BBB-‘ Rating Read More »
Fitch Ratings has assigned Romanian Romgaz a first-time ‘BBB-‘ Long-term Issuer Default Rating (IDR) with a Stable Outlook. Romgaz’s ‘BBB-‘ rating benefits from a one-notch uplift from its ‘bb+’ Standalone Credit Profile (SCP) for state support, as per our Government-Related Entities (GRE) Rating Criteria. The SCP reflects Romgaz’s dominant position in Romania’s natural gas market,
Romania: Transelectrica signed MoU on establishing Green Energy Corridor Read More »
In the application of the Agreement between the Governments of Azerbaijan, Georgia, Romania and Hungary regarding the Strategic Partnership in the field of green energy development and transport – the “Green Energy Corridor” project, Transelectrica and its counterparts – AzerEnerji JSC, Georgian State Electrosystem and MVM, signed a Memorandum of Understanding by which they agree
Romania: EBRD bought a minority share package in Premier Energy Read More »
Energy company Premier Energy started trading on the Bucharest Stock Exchange after an initial public offering that valued the company at 2.4 billion RON (482 million euros). The European Bank for Reconstruction and Development announced it is taking an equity stake in the company to support investments in renewable energy generation capacity in Romania and
Romania: EC Oltenia to renegotiate the restructuring plan with the European Commission Read More »
The Oltenia Energy Complex wants a renegotiation of its restructuring plan with the European Commission, the president of the Competition Council, Bogdan Chirițoiu, said. Regarding the Jiu Valley, he said that the European Commission wants the Romanian authorities to respect the decisions they have taken. Too little coal is extracted from Jiu Valley, so little that
Romania: Green light for NERO Renewables wind project Read More »
The wind project in Buzau County in Romania, which was originally intended to transfer renewable energy to the Netherlands, has received authorization from the regulator agency for water and energy ANRE. This is one of the final steps in the authorization process for the investment. The project developer now must prove that they have the
SEE region: Romania cautiously considers to build a new hydropower plant with Serbia Read More »
Romanian Ministry of Energy confirmed that the country could join Serbia as an equal partner in the project for a third hydropower plant on the Danube, but it denied that a joint team to coordinate the project was set up and highlighted that the project should be approached with caution since it has an important
