Romania

Romania raises electricity and heating prices as cogeneration tax increases by 62% Read More »

Romania raises electricity and heating prices as cogeneration tax increases by 62%

Starting November 1, electricity and heating prices in Romania will increase slightly following a 62 percent rise in the high-efficiency cogeneration tax, which has been raised to 0.0027 euros per kilowatt-hour. The adjustment was announced by the Smart Energy Association (AEI), which warned that despite years of contributions intended to fund efficiency improvements, consumers continue […]

Romania: R.Power begins construction of 55 MW Lazuri solar power plant, backed by 15-year CfD contract Read More »

Romania: R.Power begins construction of 55 MW Lazuri solar power plant, backed by 15-year CfD contract

Polish renewable energy developer and operator R.Power has started construction of the Lazuri solar power plant, a 55 MW facility located in the Lazuri commune in Romania’s Satu Mare county. The project is being carried out by NOMAD Electric, R.Power’s engineering and construction subsidiary. The new plant will be connected to Romania’s national electricity grid

Romania: Romgaz reports slight output growth but sharp drop in power generation in first nine months of 2025 Read More »

Romania: Romgaz reports slight output growth but sharp drop in power generation in first nine months of 2025

Romanian natural gas producer Romgaz recorded a modest increase in total hydrocarbon production during the first nine months of 2025, reaching 23.96 million barrels of oil equivalent — up 0.61 percent year-on-year. Gross natural gas output remained almost unchanged, rising by just 0.11 percent to 23.63 million barrels of oil equivalent between January and September.

Romania: OMV Petrom posts €680 million profit for first nine months of 2025 amid lower oil prices and market volatility Read More »

Romania: OMV Petrom posts €680 million profit for first nine months of 2025 amid lower oil prices and market volatility

OMV Petrom reported a net profit of 680 million euros for the first three quarters of 2025, marking a 13 percent decrease compared to the same period last year. Despite lower crude oil prices and signs of weakening demand for fuels and natural gas, the company maintained solid performance supported by stronger refining margins and

Romania: Romgaz raises €500 million through second bond issue to support Neptun Deep project Read More »

Romania: Romgaz raises €500 million through second bond issue to support Neptun Deep project

Romanian natural gas producer Romgaz has issued a new six-year bond worth 500 million euros with a fixed interest rate, marking its second successful venture into international capital markets. The bond issuance took place on 28 October and follows a similar 500 million euro five-year bond launched in October 2024. Both transactions are primarily intended

Romania: Rompetrol Rafinare advances Petromidia refinery upgrades, expanding storage capacity by 20% Read More »

Romania: Rompetrol Rafinare advances Petromidia refinery upgrades, expanding storage capacity by 20%

Rompetrol Rafinare has completed another stage in the modernization and rehabilitation of the tank farm at its Petromidia refinery. This phase included the full overhaul of four tanks used for storing petroleum products, while work on two additional strategic tanks is still in progress. The large-scale modernization program aims to align the refinery’s storage infrastructure

Romania: Lukoil poised to exit as US sanctions force sale of Petrotel refinery and fuel network Read More »

Romania: Lukoil poised to exit as US sanctions force sale of Petrotel refinery and fuel network

Russian oil company Lukoil is expected to sell its Romanian refinery, Petrotel, before the November deadline set under the latest US sanctions targeting Russian energy firms. Romania’s State Secretary for Energy, Cristian Busoi, confirmed that the government anticipates Lukoil’s complete withdrawal from the local market. The Petrotel refinery, located in Ploiești, has a processing capacity

Romania: Hyperion Renewables secures €16.3 million loan for 38 MW solar project in Sibiu County Read More »

Romania: Hyperion Renewables secures €16.3 million loan for 38 MW solar project in Sibiu County

Portuguese renewable energy company Hyperion Renewables has secured a €16.3 million loan from Germany’s ProCredit Holding to finance the construction of a 38 MW solar power plant in the town of Săliște, Sibiu County, Romania. Construction of the facility is already underway, marking Hyperion’s first operational project in the Romanian market. The plant is among

Romania: Econergy selects Shanghai Electric for 125 MW second phase of Parau solar complex Read More »

Romania: Econergy selects Shanghai Electric for 125 MW second phase of Parau solar complex

Israeli independent power producer Econergy Renewable Energy has appointed Shanghai Electric as the engineering, procurement, and construction (EPC) contractor for the second phase of the Parau solar complex in Romania, which will ultimately reach a total capacity of 342 MW. The project, located in Brașov County, recently secured a Contract for Difference (CfD) for 125

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