Electrica announces 10% net consolidated profit drop
Bogdan Tudorache In 2019, the Electrica Group achieved a net consolidated profit of RON 207 million, up 71.2% compared to…
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Electricity
CNU gets 28 mln. lei from Nuclearelectrica, can reimburse the incompatible state aid from 2016
Bogdan Tudorache Nuclearelectrica bought about 58,000 kg of natural uranium in the form of sinterable powder from the National Uranium…
EFET requires ANRE to allow PPAs also for periods of less than one year
The European Federation of Electricity Traders (EFET) sent a letter to ANRE president stating that the way in which the…
E.ON Energie Romania opened its 16th fast charging station
This week, E.ON Energie Romania launched a new fast charging station for electric vehicles, on the perimeter of the MOL…
SMEmPower Efficiency – a program for promoting energy efficiency in SMEs
The Technical University of Cluj-Napoca (UTCN), Servelect (SVT) and the Society of Energy Auditors and Managers of Romania (SAMER) launched…
ANRE will decide on contracts for energy intended for domestic consumers after receiving the court’s motivation
Representatives of the National Energy Regulatory Authority (ANRE) are waiting the motivation of the Bucharest Court of Appeal to rule…
CEZ Vânzare develops a service package dedicated to the baking industry
Bogdan Tudorache CEZ Vânzare has developed a package of electricity and gas services dedicated to the milling and baking industry,…
Nuclearelectrica obtained in court the suspension of an order of ANRE regarding the quantities of energy at regulated prices
Nuclearelectrica obtained in court the suspension of an order of the Energy Regulatory Authority ANRE, which regulated the methodology for…
The plans for sustainable development of the big cities should include the expertise of the companies from the very beginning (Brașov, February 25)
On February 25, Energynomics kicked off the fourth series of energy efficiency meetings in the big cities of Romania. In…
Electrica posted net profit down 13.5% for 2019
Electrica SA reported an individual net profit (preliminary and unaudited) decreasing by 13.5% in 2019 compared to 2018, to 257.7…
ABB completes divestment of solar inverter business to FIMER
ABB has completed its divestment of its solar inverter business to the Italian company FIMER. The transaction enables ABB’s Electrification…
Enel: Good financial position allows the granting of dividends of 615 million euro
Bogdan Tudorache Enel officials claim that now they can offer dividends worth more than 615 million euro to shareholders –…
FP receives about 523 mln. lei in as special dividends from Enel
Dobrogea, as a result of the decision taken by the shareholders of the three companies on February 14, 2020, FP…
Norway’s sovereign fund sells holdings of Nuclearelectrica and Romgaz
Norway’s Sovereign Investment Fund, the largest in the world, with assets under management of about 1.1 trillion USD, liquidated in…
Government gets dividends from Enel in a total value of over 500 million lei; SAPE gives up litigation
Bogdan Tudorache The Ministry of Economy, Energy and Business Environment, through the Energy Participation Management Company (SAPE), negotiated getting over…
Electrica will invest 141 million euro in 2020
Bogdan Tudorache For the current year, the Board of Directors of Electrica approved investments worth over 678 million lei (more…
Nuclearelectrica posted a 31.7% increase in profit last year
Nuclearelectrica posted a net profit of 541 million lei at the end of last year, up 31.7% compared to 2018,…
Enel X teams up with the EC and EIB for new e-charge stations in Romania, Italy and Spain
Enel X, the Enel Group’s advanced energy services business line, has reached the full financial close for the AMBRA-Electrify Europe…
Gas-fired power generation reaches record high in Germany
Power production from natural gas rose to an all-time high in Germany last year, overtaking hard coal electricity generation for…
Global energy storage market to surge to 15 GW by 2024
Despite a slowdown in price declines, the global energy storage market is set to grow from around 4 GW of…
US can meet 2030 wind-energy goals by quadrupling turbines
The United States could generate 20% of its electricity from wind within 10 years, without requiring any additional land, according…
European Commission: Romania has to recover 13 mln. euro from the National Uranium Company
The European Commission found on Monday that the various measures of public support in favor of the National Company of…
Hidroelectrica could launch offshore wind projects in the Black Sea
Romania should use the offshore wind potential of the Black Sea to produce cheap energy, an idea that has not…