Energy storage through the NRRP and the Modernisation Fund
Most of the renewable electricity generation (RES) plants in operation or under development already include battery energy storage (BESS) capacity.…
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EBRD invested 707 mln. euro in Romania last year, up 7% from 2023
EBRD investments in Romania increased to 707 million euros in 2024, up 7.44% from the 658 million euros injected into…
Transnistria to receive gas from the European spot market financed by Russia
Transnistria could purchase gas from the European spot market with Russian help between January and April, according to sources cited…
IEA: Nuclear energy to make a comeback globally
Nuclear energy is set to make a comeback globally, amid rising demand for electricity, according to a report published by…
Final electricity consumption up 1.8% in the first 11 months
Romania’s final electricity consumption in the first 11 months of 2024 was 46.029 billion kWh, 1.8% higher than the period…
Inflation rate rises, NBR maintains interest rate at 6.5%
Board of Directors of the National Bank of Romania decided yesterday to maintain the monetary policy interest rate at 6.50…
Greenvolt Group consolidates its European strategy with Greenvolt Next Ireland
Greenvolt Group, a global leader in renewable energy, announces that its Ireland business, specialising in distributed energy solutions, Enerpower powered…
JT Grup Oil expands its capacity by acquiring the Delta Oil bunkering vessel
Following the bankruptcy of more and more Russian oil companies and in the current context of the Romanian energy market,…
Competition launches investigation into the LPG port operation services market
The Competition Council has launched an investigation into a possible abuse of dominant position by Octogon Gas & Logistics on…
BASF Coatings and Koch International rely on electric trucks for long-distance transport
BASF Coatings, a leading partner for innovative surface solutions and Koch International, an international logistics service provider based in Osnabrück,…
OMV announces increase in hydrocarbon production in Q4- 2024
OMV AG’s hydrocarbon production and refining margin increased in the fourth quarter of 2024, compared to the previous three months,…
EU: Share of zero-emission vehicles in total registrations exceeds 14%
In 2023, almost 1.55 million new zero-emission cars were registered in the European Union, representing a share of 14.5% in…
Maia Sandu: Half of the electricity consumed by the Republic of Moldova comes from Romania
Half of the electricity consumed in the Republic of Moldova, on the right bank of the Nistru River, comes from…
Burduja, after the winter command: There will be no problems, although we also resort to imports
No problems are anticipated regarding the production of electricity and the adequacy of the system, declared the Minister of Energy,…
DRI commissions its second solar park in Romania, increases its local capacity to 173MW
DRI, the DTEK Group subsidiary responsible for renewable energy projects in the EU, has taken another important step in the…
Greenhouse gas emissions from the EU economy fell by 7% in 2023
Greenhouse gas (GHG) emissions from the economic activities of resident units in the European Union totalled 3.4 billion tonnes of…
Russia’s oil and gas revenues rose 26% in 2024
Russia’s oil and gas revenues to the state budget rose more than 26% in 2024, to 11,130 billion rubles ($108.22…
Gazprom to cut 40% of staff at St. Petersburg HQs
Energy giant Gazprom is planning to cut staff at its headquarters in St. Petersburg, a company spokesman said, as the…
Chisăliță: First gas price offers for the period after April 1
Gas and electricity supply contracts are mostly valid or have prices valid until March 31, 2025, so gas price offers…
Transelectrica announces completion of an 89 mln. lei project with European funds
The National Electricity Transmission Company has completed the investment in implementing a metering and management system for electricity measurement data…
Gazprom Neft to exit NIS stake in February
Gazprom Neft Group, the oil division of Russian giant Gazprom, will be given a 45-day grace period to exit Serbian…
Capital district heating projects – blocked by PMB, which has not paid debts to ELCEN
The financing contracts with ELCEN were signed in December 2024, but the company cannot proceed with these projects if the…
CNSP: Electricity and thermal energy production will decrease by 2% this year
Electricity and thermal energy production is expected to decrease by 2% this year compared to 2024, but will increase in…
European renewable capacity to triple by 2050, but Romania risks quickly saturating its market
Europe’s renewable energy capacity is set to triple by 2050, but the EU will still miss its climate targets, a…