Energy |
26 May, 2023 at 6:00 PM
EnergoBit and Huawei Romania signed a Memorandum of Understanding (MoU) for global cooperation for photovoltaic and energy storage projects, within the New International Expo Center 2023, which took place these days in Shanghai. Based on the Memorandum of Understanding, the companies will develop the photovoltaic industry in Romania by strengthening technological innovation, improving the user experience, and developing new use cases.
Real estate |
26 May, 2023 at 10:30 AM
The schools in Vrancea will be equipped with photovoltaic panels. The Minister of Investments and European Projects, Marcel Boloș, and the President of the Vrancea County Council, Cătălin Toma, signed the contract worth a total of €1.2 million for the production of green energy in the county. The contract will finance the project "Investments in electricity production capacities for own consumption at the level of Vrancea County". The project is financed by the Large Infrastructure Operational Program 2014-2020.
Energy |
25 May, 2023 at 10:25 AM
DTEK Renewables International, part of the DTEK group founded in 2005 by billionaire Rinat Akhmetov, acquires a greenfield project from the Romanian company Finas Invest SRL, which is based in Cluj-Napoca and operates on the renewable energy market. The acquisition of the photovoltaic plant with an installed capacity of 49.38 MW, located in the village of Glodeni, Mureş county, was announced by the law firm Wolf Theiss, which consulted DTEK Renewables.
Energy |
22 May, 2023 at 9:22 AM
Romania requests, through the RePowerEU mechanism, substantial European funds for subsidizing the installation of photovoltaic panels for natural persons. It is about €400 million, the amount that could be included in some kind of complementary program to the program of the Environmental Fund Administration for the installation of photovoltaic panels on residential homes.
Finance |
19 May, 2023 at 5:30 PM
The EIB Global delegation led by Vice-President Lilyana Pavlova visited Pristina to discuss cooperation opportunities aiming to strengthen connectivity, energy security, and the private sector in Kosovo. EIB intends to contribute to the transition to a low-carbon economy by supporting the development of a 100 MW solar power plant in the Obiliq area, as well as strengthening connectivity by supporting sustainable transport infrastructure.
Energy |
19 May, 2023 at 8:30 AM
A photovoltaic park with an installed power greater than that of a Cernavodă nuclear reactor will be built in Romania, which reflects the appetite of investors to become players in this market again. George-Sergiu Niculescu, president of the National Energy Regulatory Authority (ANRE), says that when he arrived at ANRE's management, he saw a request for authorization to establish a photovoltaic park of approximately 1,050 MW.
Energy |
18 May, 2023 at 9:30 AM
7 out of 10 Romanians who install photovoltaic systems are from urban areas. Also, RON35,000 (€7,000) is the average value of the projects implemented and in the process of implementation, shows a study by the company Ensys, a supplier of turnkey photovoltaic systems in Romania. It shows that the amortization period of a photovoltaic system is 2-7 years. The study shows that 7 out of 10 Romanians who install photovoltaic systems are from the urban environment, and 8 out of 10 customers who install photovoltaic systems are men.
Energy |
17 May, 2023 at 2:30 PM
The potential of the green energy market (solar panels, heat pumps, insulation) is estimated at over €30 billion by the year 2040. The consulting company McKinsey & Company Romania shows that Romania's transition to green energy represents a financing opportunity for banks of €20 billion.
Energy |
15 May, 2023 at 10:10 AM
Greece and Egypt are discussing a partnership through which the import of electricity obtained from renewable sources in Europe will be carried out through the GREGY project. GREGY will enable the supply of 3,000 MW of green energy from Egypt to Greece. The project received a vote of confidence from the governments of the countries involved.
Business |
10 May, 2023 at 9:07 AM
BASF plans to invest up to €4 billion to achieve its climate protection targets by 2030. The group wants to reduce greenhouse gas emissions from our production sites and our energy purchases by 25% by 2030, compared with the 2018 baseline. BASF set a global target to promote female leadership and aims to increase the proportion of women in leadership positions to 30% by 2030.
Energy |
28 April, 2023 at 2:07 PM
Photon Energy Group put into operation three photovoltaic power plants near Calafat, in Dolj County. The solar parks cover 10.2 hectares of land and are equipped with approximately 10,800 solar panels.
Energy |
25 April, 2023 at 3:22 PM
The Arabs from Masdar want to do 2,000 MW green projects with the state company Hidroelectrica. The investments would exceed €2 billion and include offshore wind and floating solar.
Energy |
25 April, 2023 at 12:30 PM
Schools, hospitals, public lighting, and local administration could be supplied with green energy from a photovoltaic park. The proposal belongs to the president of the Prahova County Council, Iulian Dumitrescu, who asked the Minister of Investments and European Projects, Marcel Boloș, to allocate European funds for the construction of a photovoltaic park.
Energy |
24 April, 2023 at 5:35 PM
Restart Energy installed an 800 kW photovoltaic system for Rekord, a shoe manufacturer from Alba. The company will install another 300 kW for the same company. The company will eventually cover 80% of its own energy consumption.
Energy |
19 April, 2023 at 3:00 PM
At least 10,000 photovoltaic systems could be installed every month in Romania, says the Minister of Environment, Water and Forests, Tanczos Barna. In Romania, 3 million houses are registered. According to the minister, the issue of smart meters is a challenge, because it happened that inappropriate meters were ordered.
Energy |
18 April, 2023 at 5:48 PM
In 2021, the source that contributed the most to the EU's primary energy production was renewable energy, respectively 41% of the total energy production in the European Union. In the case of Romania, the main sources of energy in 2021 were natural gas (32.3%), renewable energy (26.7%), solid fuels (14.5%), crude oil (14.1%), and nuclear energy (12.5%).
Regulation |
18 April, 2023 at 4:07 PM
The EP adopts key laws to achieve the 2030 climate goal. Free allowances under the Emissions Trading Scheme (ETS) will be phased out in 2026. GHG emissions in the ETS sectors must be cut by 62% by 2030 compared to 2005 levels.
Regulation |
18 April, 2023 at 8:46 AM
G7 ministers finish two days of meetings on Japan's climate, energy, and environmental policy. The G7 countries set the urgent need to reduce global GHG emissions by around 43 percent by 2030. The members pledged to increase offshore wind capacity by 150 GW by 2030 collectively and solar capacity to more than 1TW.
Energy |
13 April, 2023 at 1:11 PM
Simtel Team wants to access credits of €100 million for photovoltaic plants with a total capacity of over 100 MWp. The decision will be approved in the General Meeting of Shareholders on April 26.
Energy |
13 April, 2023 at 9:39 AM
Wind and solar energy reached a record high of 12% of global electricity generation in 2022. All renewable energy sources, including nuclear power, comprised 39% of global electricity last year. Meanwhile, EU countries are lagging behind with wind power expansion.
