Govnet

Energy

One of the largest onshore wind farms of Europe with a 225 megawatt capacity near the Black Sea coast

Following a development stage of more than four years and a construction phase of approx. one year, VERBUND, Austria's leading electricity company, is putting into operation one of the largest on-shore wind farms of Europe, located near the Romanian Black Sea coast. Roughly one half of the 225 MW wind farm has been
connected to the grid, further wind farms are to follow until the beginning of 2014. The investment volume is approx. € 380 million. A further expansion stage to 280 MW is planned until 2016. "Wind power is the ideal addition to our generation focus of hydropower, and Romania offers good overall conditions for our investment," says CEO Wolfgang Anzengruber on the occasion of the festive opening in Bucharest.

Romania, in top 5 oil and gas producers in Europe

Romania ranks 5th in Europe in production of oil and gas after Norway, Great Britain, The Netherlands and Denmark according to Vasile Iuga, Managing Partner at PriceWaterhouse Coopers (PwC), South-Eastern Europe.
The oil and gas produced in Romania amounted to 102 million BOE (Barrel of Oil Equivalent) last year, while Norway, the major European producer, drew 1.3 billion, followed by Great Britain – 583 million BOE, The Netherlands – 520 million BOE and Denmark – 114 million BOE.
At the same time, Romania's dependence on imports is 25%, below the European average which is 50%.

EDPR still bets on Romania's renewable energy

The renewable energy division of Energias de Portugal, EDP Renovaveis continues the development of wind and solar parks and currently has projects of over EUR200 million in Romania. During the first half of 2013 EDPR added 28 MW of operational projects in Romania and another 144 MW under construction. Out of a total of EUR104 million invested in the first half of this year, EUR84 million were allocated for the European markets, particularly Poland and Romania, and the rest to the North American market. The Portuguese company will invest over EUR216 million to develop its 144 MW projects in Romania.

A quota of Green Certificates for July valued at over 14 million Euro to be recovered starting 2017

One of the largest onshore wind farms of Europe with a 225 megawatt capacity near the Black Sea coast

Romania, in top 5 oil and gas producers in Europe

ANRE okays the Monitoring Methodology of the Regulated Market

The investment attracted in wind projects in Romania stands at almost 3.5 billion EURO

EDPR still bets on Romania's renewable energy