Romania

Romania: Court rules in favor of Neptun Deep gas project, rejecting Greenpeace lawsuit Read More »

Romania: Court rules in favor of Neptun Deep gas project, rejecting Greenpeace lawsuit

The Neptun Deep gas project, developed by OMV Petrom and Romgaz, is progressing despite legal challenges from the environmental NGO Greenpeace, according to Romanian Energy Minister Sebastian Burduja. The Bucharest Court recently ruled in favor of the project developers, dismissing Greenpeace’s lawsuit and ordering the NGO to pay compensation to Romgaz and OMV Petrom. Minister […]

Romania: Yesilyurt Enerji to acquire 41 MW solar project in as part of European expansion Read More »

Romania: Yesilyurt Enerji to acquire 41 MW solar project in as part of European expansion

Turkish company Yesilyurt Enerji is set to acquire a 41 MW solar project in Dâmbovița County, southern Romania. The project has reached the “ready-to-build” phase, meaning that construction can begin as all necessary permits have been secured. Founded in 2010, Yesilyurt Enerji began producing electricity in 2013 with the construction of a gas-fired power plant

Romania: Alive Capital develops 23 MW solar power plant with energy storage component Read More »

Romania: Alive Capital develops 23 MW solar power plant with energy storage component

Since 2013, the Romanian company Alive Capital has been providing integrated management services to renewable energy producers. Recently, the company completed the development of a solar power plant with an installed capacity of 23 MW, supported by funding from the National Recovery and Resilience Plan (PNRR). The Da Vinci New Project, located in Nanov, Teleorman

Romania: Hidroelectrica launches first solar project at hydropower plants on Olt River Read More »

Romania: Hidroelectrica launches first solar project at hydropower plants on Olt River

Romanian electricity producer Hidroelectrica has signed a contract to fully implement a solar energy project at its hydropower plants (HPPs) along the middle and lower Olt River. This marks the company’s first foray into solar energy and represents a key step in diversifying its renewable energy portfolio. The project aims to capitalize on the solar

Romania: ENEVO Group to build largest solar power plant in Arad Region Read More »

Romania: ENEVO Group to build largest solar power plant in Arad Region

ENEVO Group has been appointed as the general contractor for the Helios Arad solar power plant, an ambitious renewable energy project with a planned installed capacity of 85 MW—making it the largest solar facility in the region. The project is financed by Unigea Solar Projects Romania, a subsidiary of the German-based Unigea Group. Under the

Romania: OMV confirms Neptun Deep gas production to begin in 2027, boosting EU energy security Read More »

Romania: OMV confirms Neptun Deep gas production to begin in 2027, boosting EU energy security

Austrian energy group OMV announced that gas production from Romania’s Black Sea Neptun Deep project is set to start in 2027, marking a major step forward for European energy independence. The €4 billion venture is being developed jointly by OMV’s Romanian arm, OMV Petrom, and state-owned gas producer Romgaz, with both holding equal 50% stakes.

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

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