Shikun and Binui, a long-time player in Romania’s real estate sector and an expanding investor in renewable energy, has received a commercial operation permit for its first solar project in the country—a 71 MW solar power plant located in Satu Mare. With the permit in place, Shikun and Binui Energy Satu Mare can now register […]
The Memorandum of Understanding for the development of the Djerdap 3 pump-storage hydropower plant is nearing completion and is expected to be signed once harmonization is finalized, according to Serbian Minister of Mining and Energy Dubravka Djedovic. This announcement followed her meeting with Romanian Energy Minister Ivan Bogdan, during which they discussed expanding joint energy
Romanian energy group OMV Petrom recorded a 7 percent year-on-year drop in sales revenues during the second quarter of 2025, contributing to a 1 percent decline in total revenues for the first half of the year, which reached 3.4 billion euros. Net profit fell more sharply, decreasing by 17 percent in Q2 and 21 percent
Romania: Romgaz boosts domestic gas sales and storage injections in first half of 2025 Read More »
Romania’s state-owned natural gas producer Romgaz reported a 12.55 percent increase in sales of domestically produced natural gas in the first half of 2025, delivering a total of 2.52 billion cubic meters. Total hydrocarbon production edged up slightly, rising 0.4 percent year-on-year to 16.19 million barrels of oil equivalent. Within this total, crude natural gas
Romania: Hidroelectrica’s H1 2025 power generation drops 27% amid lower hydrology Read More »
Romanian electricity producer Hidroelectrica reported a 27% year-on-year decline in net electricity output during the first half of 2025, generating a total of 6,068 GWh. The decrease was primarily driven by reduced hydroelectric production, which accounts for 98% of the company’s own generation mix. Wind power generation also saw a downturn, falling 14% year-on-year to
Romania: Rezolv Energy selects partners for second phase of Vifor wind farm Read More »
Rezolv Energy has announced the selection of key partners for the second phase of the Vifor wind farm project in Buzău County, Romania. Through its special purpose vehicle, First Looks Solutions, the company awarded the Balance of Plant (BoP) contract to Austrian infrastructure firm PORR. The contract covers all civil works, as well as high-voltage
Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project Read More »
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 reaches over 228,000 prosumers by end of May 2025 Read More »
By the end of May 2025, Romania recorded 228,302 prosumers—electricity users who generate power through solar panels and feed surplus energy into the national grid—according to data from the Energy Regulatory Authority (ANRE). Their combined installed capacity reached 2,726 MW. Over the past year, the number of prosumers increased by 90,902, up from 137,400 in
Romania: Nuclearelectrica seeks €540 million loan for Cernavoda Unit 1 refurbishment Read More »
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 »
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,
