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Lukoil invests in its first solar park in Romania

3 January 2014
Bogdan Tudorache

Lukoil Energy&Gas Romania, part of the Russian oil group Lukoil, enters the electricity production market from photovoltaic sources, after having got the building permit for a unit from the National Energy Regulatory Authority (ANRE).

The regulatory committee within ANRE has granted recently to Lukoil Energy&Gas Romania, the building permit for the construction of a photovoltaic park at Petrotel-Lukoil refinery located in Ploieşti.

The representatives of the company stated, from October, that they take into account the construction of some photovoltaic parks on some fields near the refinery located in Ploieşti. The Lukoil representatives expressed their view at that date about the possibility that the photovoltaic parks might have an installed capacity of up to 12 MW.

Petrotel-Lukoil is part of the Russian oil group Lukoil, that also owns in Romania a network of more than 300 gas stations.

Lukoil Romania had a turnover last year of 6.03 milliard lei (1.35 milliard euros), on the increase by 15% compared to 2011, and holds, according to in-house data, a quota of about 20% from the market of the petroleum products from Romania.

There are currently in Romania, projects for the production of energy from solar panels of over 600 MW. If we are taking into account the renewable sources of energy, the wind energy is the most developed, with around 2.500 MW installed, the equivalent of 10% of the total electricity generation units.


Translated by Silktrans

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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