Romania

Romania: Electrica reports strong Q1 2025 performance with significant profit growth Read More »

Romania: Electrica reports strong Q1 2025 performance with significant profit growth

Electrica delivered a robust financial performance in the first quarter of 2025, posting a net profit of approximately 39.4 million euros. This represents a 53.2% increase compared to the same period in 2024. The growth was primarily driven by improved results in the electricity distribution segment, supported by higher distributed volumes and increased tariffs. The […]

Romania: Romgaz expands into Moldova, aiming to supply up to 30% of gas imports as Neptun Deep production looms Read More »

Romania: Romgaz expands into Moldova, aiming to supply up to 30% of gas imports as Neptun Deep production looms

Romanian natural gas producer Romgaz is preparing to expand into the Moldovan energy market, aiming to supply up to 30% of Moldova’s imported gas. The company is in the process of establishing a subsidiary in Moldova to manage these operations. Romgaz CEO Razvan Popescu confirmed that Moldova’s annual gas demand is about 1 billion cubic

Romania nears completion of Tuzla–Podisor pipeline, paving way for regional energy hub Read More »

Romania nears completion of Tuzla–Podisor pipeline, paving way for regional energy hub

The Tuzla–Podisor natural gas pipeline, extending over 300 kilometers and intended to transport gas from offshore Black Sea reserves, is now more than 99% complete. Energy Minister Sebastian Burduja announced that the project is expected to receive final approval and be officially handed over within the next two months. Romania is establishing itself as a

Romania to add 2.5 GW of new power capacity in 2025, driven by renewables and gas Read More »

Romania to add 2.5 GW of new power capacity in 2025, driven by renewables and gas

Romania is set to add 2.5 GW of new electricity generation capacity in 2025, marking a major increase from the previous year, according to Energy Minister Sebastian Burduja. The boost comes from a mix of gas and renewable projects, supporting the country’s long-term energy strategy. Among the main contributors is a new 430 MW gas

Romania: Nuclearelectrica sees lower profit despite strong revenue growth in Q1 2025 Read More »

Romania: Nuclearelectrica sees lower profit despite strong revenue growth in Q1 2025

Romania’s nuclear energy operator Nuclearelectrica reported a net profit of 102.7 million euros in the first quarter of 2025, marking an 8.8% decline compared to the same period last year. Despite the drop in profit, the company posted a strong operational performance, with revenues nearing 300 million euros—up 23.6% year-on-year—driven by increased electricity sales and

Romania: Ministry of Energy launches study to identify offshore wind farm zones in the Black Sea Read More »

Romania: Ministry of Energy launches study to identify offshore wind farm zones in the Black Sea

The Romanian Ministry of Energy has announced a public call for expressions of interest to conduct a comprehensive study aimed at identifying and mapping potential offshore wind farm zones in the Black Sea. This initiative supports Romania’s broader strategy to prepare for maritime concessions dedicated to offshore wind energy development. The study’s primary goal is

Romania: Solar power plant Glodeni Solar nears final approval for commercial operation Read More »

Romania: Solar power plant Glodeni Solar nears final approval for commercial operation

A Romanian company owned by Ukraine’s DTEK group is set to receive final approval for commercial operation of its 60 MW Glodeni Solar power plant, which has been connected to the national electricity grid since January. The plant is operated by DRI, a DTEK subsidiary dedicated to expanding renewable energy projects within the European Union.

Romania: Rompetrol Rafinare reports increased Q1 2025 net loss amid market volatility and seasonal demand drop Read More »

Romania: Rompetrol Rafinare reports increased Q1 2025 net loss amid market volatility and seasonal demand drop

Rompetrol Rafinare, part of the KMG International Group, posted a consolidated net loss of $37.3 million in the first quarter of 2025, up from a $23.8 million loss during the same period in 2024. The worsening financial results were primarily driven by volatility in international crude oil and bio-component prices, combined with seasonal declines in

Romania: Photon Energy and Hyperion Renewables to build 34 MW solar power plant Read More »

Romania: Photon Energy and Hyperion Renewables to build 34 MW solar power plant

Photon Energy and Hyperion Renewables have signed an agreement to construct a 34 MW solar power plant in Săliște, Romania. The project will be carried out under an engineering, procurement, and construction (EPC) contract, with plans to expand the plant’s capacity to 38 MW. Construction is set to begin in the third quarter of 2025,

Romania sees rise in electricity consumption amid drop in domestic production Read More »

Romania sees rise in electricity consumption amid drop in domestic production

Electricity consumption in Romania increased in the first quarter of 2025, according to data released by the National Institute for Statistics (INS). Total electricity consumption reached 13.08 TWh, marking a 1.3 percent rise compared to the same period in 2024. Industrial electricity consumption amounted to 9.82 TWh, a slight increase of 0.2 percent year-on-year. Household

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