Romania

Romania: OPCOM reports decrease in traded volume and price fluctuations in April 2025 Read More »

Romania: OPCOM reports decrease in traded volume and price fluctuations in April 2025

In April 2025, the average price of electricity on the day-ahead market of the Romanian energy exchange OPCOM stood at 86.44 euros/MWh, marking a 44.08% increase compared to the same month in 2024, but a 18.74% decrease from the previous month, when the average baseload price was 106.36 euros/MWh. The total traded volume for April […]

Region: Moldova signs long-term gas supply deal with Romania’s OMV Petrom Read More »

Region: Moldova signs long-term gas supply deal with Romania’s OMV Petrom

Moldova’s state-owned energy company Energocom has signed a landmark three-year agreement with Romanian oil and gas company OMV Petrom for the purchase of natural gas. The gas will be sourced from the Neptun Deep offshore project in the Black Sea, with deliveries conducted via the virtual trading point (VTP) in Romania, ensuring a stable and

Romania to prioritize stalled hydropower projects as national security issue Read More »

Romania to prioritize stalled hydropower projects as national security issue

Romania plans to designate its incomplete hydropower projects as matters of national security, according to acting President Ilie Bolojan. Legislation aimed at fast-tracking these developments is expected to be drafted in May. Many of the projects, stalled for decades, are between 60% and 90% complete, with some dating back to before the 1989 fall of

Romania: Hidroelectrica sees 38% drop in Q1 2025 output, confirms €800 million dividend payout Read More »

Romania: Hidroelectrica sees 38% drop in Q1 2025 output, confirms €800 million dividend payout

Romanian state-controlled electricity producer Hidroelectrica reported a sharp year-on-year decline in electricity output for the first quarter of 2025, with gross generation falling 38% to 2,735 GWh. Net production mirrored this decline, also down 38% to 2,656 GWh. Electricity sales dropped by 36% to 2,843 GWh, while electricity purchases rose 10% to 196 GWh. The

Romania: OMV Petrom sees 24% profit drop in Q1 2025, eyes record investment year Read More »

Romania: OMV Petrom sees 24% profit drop in Q1 2025, eyes record investment year

OMV Petrom, Romania’s leading oil and gas company, reported a 24% year-on-year drop in net profit for the first quarter of 2025, totaling €220.9 million. The decline follows a period of elevated earnings in prior years, which were buoyed by soaring energy prices triggered by the war in Ukraine. Despite the profit dip, the company

Romania: New solar projects advance with over 100 MW in capacity and storage plans Read More »

Romania: New solar projects advance with over 100 MW in capacity and storage plans

Eximprod Grup is preparing to commission a 65 MW photovoltaic facility in Prahova County, north of Bucharest, with plans to add a battery energy storage system after completion. Meanwhile, Simtel has secured financing to finalize a 52 MW solar power plant in Giurgiu County, located south of Romania’s capital. In addition, a developer in Alba

Romania: OMV Petrom and CE Oltenia launch major solar projects to power 410,000 Romanian homes Read More »

Romania: OMV Petrom and CE Oltenia launch major solar projects to power 410,000 Romanian homes

Romania’s largest energy company, OMV Petrom, has signed contracts with the state-owned energy company CE Oltenia for the development of four large-scale solar parks with a total installed capacity of around 550 megawatts. These photovoltaic facilities will be constructed on CE Oltenia’s land in Gorj and Dolj counties and are expected to supply electricity to

Romania: ENTSO-E flags planned gas projects as economically unviable by 2035 Read More »

Romania: ENTSO-E flags planned gas projects as economically unviable by 2035

Romania’s plans to build 2.15 GW of combined cycle gas turbine (CCGT) capacity face serious doubts over economic viability and long-term utility, according to the European Resource Adequacy Assessment 2024 (ERAA 2024) published by ENTSO-E, the association of Europe’s transmission system operators. The ERAA 2024 warns that if the new gas plants are constructed, they

Romania commissions largest PNRR-backed solar power plant in Teiuș Read More »

Romania commissions largest PNRR-backed solar power plant in Teiuș

ENEVO Group has successfully completed and commissioned a large-scale solar power facility in Teiuș, Alba County, on behalf of Danish investor Eurowind Energy. With a total installed capacity of 68.99 MW, the plant is expected to generate over 103 GWh of green electricity annually—enough to supply more than 25,000 Romanian households. A key feature of

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