Romania Archives - Page 12 of 13 - Carbon Trading Exchange

Romania: Rompetrol seeksa partner for a green hydrogen project at its refinery Read More »

Romania: Rompetrol seeksa partner for a green hydrogen project at its refinery

Rompetrol Rafinare is seeking a partner to build and operate a green hydrogen plant to decarbonise its Petromidia Refinery. The plant should be located near or on the grounds of the refinery and be capable of producing 11,000 tons of green hydrogen annually. This necessitates a renewable electricity supply of around 75 MW which should […]

Romania: Engie acquired 80 MW wind park Read More »

Romania: Engie acquired 80 MW wind park

Engie has completed the acquisition process of an operational onshore wind farm with a capacity of 80 MW, previously owned by the EnerCap Capital Partners Group and EP Global Energy. Located in Chirnogeni, Constanța County, the wind farm benefits from the favorable wind conditions specific to the region and is predicted to generate an annual

Romania: Electrica reports net profit of 25,6 million euros in Q1 Read More »

Romania: Electrica reports net profit of 25,6 million euros in Q1

In the first three months of 2024, EBITDA at the Electrica Group level increased by 170 percent, reaching RON 400.8 million (80.5 million euros), compared to RON 148.7 million (29.9 million euros) achieved in the first three months of 2023. The EBITDA growth was mainly driven by the operational performance of the distribution segment on

Romania: Hidroelectrica’s net profit reached 265 million euros in Q1 Read More »

Romania: Hidroelectrica’s net profit reached 265 million euros in Q1

Hidroelectrica records a decrease in operational and financial results for the first three months of 2024 compared to the same period in 2023, in line with the approved budget. Hiroelectrica’s operating margin and net margin decreased by 2 percent and 1 percent, respectively, compared to the same period in 2023, mainly due to the decrease

Romania: Electricity production reached 15.4 TWh in Q1 Read More »

Romania: Electricity production reached 15.4 TWh in Q1

Electricity consumption in Romania in the first quarter of 2024 amounted to 12.9 TWh, which is 1% more compared to the same period in 2023, according to the data published by the National Institute for Statistics. Industrial electricity consumption reached 9.78 TWh, which is 1% more compared to last year. Household electricity consumption amounted to

Romania: Romgaz prepares 1.5-billion-euro MTN scheme to finance Neptun Deep project Read More »

Romania: Romgaz prepares 1.5-billion-euro MTN scheme to finance Neptun Deep project

Romania’s natural gas company, with Rothschild Bank as its adviser, hired JP Morgan to lead the consortium of banks that will intermediate the sale of bonds on the foreign market under an MTN scheme aimed to finance the Black Sea gas project, Neptun Deep, local media reported. The MTN scheme would reportedly have a size

Romania: Premier Energy closes IPO at 490 million euros valuation Read More »

Romania: Premier Energy closes IPO at 490 million euros valuation

Energy group Premier Energy said that its initial public offering (IPO) at the Bucharest Stock Exchange in Romania has been priced at RON 19.50 per share, with the transaction raising RON 695.1 million (EUR 139.6 million) in gross proceeds, including over-allotment. Premier alone placed just above 25 million new shares in the offering, saying it

Romania: Alerion wins permits for 220 MW wind projects Read More »

Romania: Alerion wins permits for 220 MW wind projects

Italian renewable energy producer Alerion Clean Power has received a permit to build two wind farms in Romania with an installed capacity of 220 MW. The two plants will be installed in the Dobrogea region, with capacities of 114 MW and 108 MW, respectively. They will be part of a larger complex of three wind farms with a

Romania: Nuclearelectrica reports net profit of 113 million euros in Q1 Read More »

Romania: Nuclearelectrica reports net profit of 113 million euros in Q1

Nuclearelectrica, the operator of the Romanian nuclear power plant Cenavoda, has announced its financial results for the first quarter of 2024. In the three-month period that ended on 31 March, the company obtained a net profit of 563.2 million RON (113 million euros), down 26.5 percent compared to the same period in 2023. The gross

Romania: EBRD to support the expansion of Photon Energy’s solar portfolio with 15 million euros Read More »

Romania: EBRD to support the expansion of Photon Energy’s solar portfolio with 15 million euros

The European Bank for Reconstruction and Development (EBRD) is lending 15 million euros to Photon Energy, a regional renewable energy producer, to support its activity in Romania and Poland. The EBRD’s investment will enable Photon to complete the construction of a portfolio of six solar parks in Romaniawith a total installed capacity of 29 MW. This, in