Romania’s National Energy Regulatory Authority (ANRE) has issued a draft order for public consultation that proposes the introduction of a financial guarantee for electricity market contracts. Set at 30% of the contract value, the guarantee is intended to bring more structure and stability to the electricity trading environment, according to ANRE President George Niculescu. Under […]
Romania: Petrol proposes increased dividend amid record profits in 2024 Read More »
Slovenian energy company Petrol has proposed a gross dividend of €2.10 per share for the 2024 financial year, marking an increase of €0.30 compared to last year. The proposal, approved by the company’s Supervisory Board, will be presented for shareholder approval at the upcoming general assembly scheduled for the end of May. The dividend increase
TenarisSilcotub, Romania’s top producer of small-diameter seamless pipes, has finalized the construction of a 20 MW solar power plant, marking a key milestone in its sustainability strategy. The $21.5 million project was funded through the company’s own resources and non-repayable European grants via the National Recovery and Resilience Plan. The electricity generated by the new
Romania: Verbund acquires 272 MW wind project from Monsson Read More »
Verbund Wind Power Romania, the Romanian arm of Austria’s energy group Verbund, has acquired a fully developed wind project from renewables developer Monsson. The project, located in Caras-Severin county, has a planned capacity of 272 MW and is expected to generate approximately 569 GWh of electricity annually. The transaction involves a ready-to-build project, with all
A Romanian consortium comprising Elsaco and Energomontaj has been awarded the contract by the Municipality of Ramnicu Valcea to construct a 145 MW gas-fired cogeneration power plant at the CET Govora site. The project, valued at approximately 100 million euros, is funded by the European Union. The new facility will be integrated with the national
Romania: Electricity prices on OPCOM market experience significant changes in March 2025 Read More »
In March 2025, the average electricity price on the day-ahead market of the Romanian energy exchange OPCOM reached 106.36 euros/MWh, marking a 67.66% increase compared to the same month in 2024, but a 32.33% decrease from the previous month’s average baseload price of 157.19 euros/MWh. The total traded volume on the day-ahead market in March
Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025 Read More »
Romanian electricity producer Hidroelectrica is set to complete the long-awaited Rastolita hydropower plant in Mures County by the end of 2025, following government approval to clear over 30 hectares of forest to finalize construction. Energy Minister Sebastian Burduja confirmed that the plant is 89% complete, with more than 144 million euros already invested in the
Romania sees major growth in prosumers, total installed capacity hits 2.44 GW Read More »
By the end of January, Romania had reached a significant milestone with a total installed capacity of 2.44 GW from prosumers, reflecting a 63% increase compared to the previous year. The number of prosumers also surged by 79%, reaching 203,984, and this growth trend is expected to continue, fueled by the introduction of additional state
The environmental approval for the completion of the Cerna-Belareca hydro project has been granted by Romania’s Ministry of Environment, marking an important milestone in the country’s efforts to enhance energy independence. Located in the Baile Herculane, Mehadia, and Cornereva areas of Caras-Severin County, the project is set to increase Romania’s annual electricity generation by 40.2
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
