Energy
The European Commission has approved the acquisition by E.ON of Innogy
The European Commission has approved, under the EU Merger Regulation, the acquisition by E.ON of Innogy's distribution and consumer solutions business as well as certain of its electricity generation assets. The approval is conditional on full comp more »
Ingka group IKEA's strategic partner, buys from Vestas the majority stake in seven wind farms in Romania
Ingka Group, part of IKEA group declared the intention to buy an 80% stake in seven Romanian wind farms from Vestas for an estimated 136 million euros. Ingka Group said the acquisition, made through its investment arm, consists of 64 turbines  with a total production capacity of 171 megawatts, and followed the purchase of a stake in Germany’s second-biggest offshore wind farm earlier this year. more »
July 17, 2019 12:05
Olympus, one of the largest dairy producers in Romania invested 4 million euros in a biogas plant, located on the platform of the Halchiu Olympus plant in Braşov County. The station produces an average of up to 600 cubic meters of biogas per hour ...more »
February 26, 2019 15:02
E.ON Energie Romania put into operation in Iaşi the fifth fast-charge station for electric cars from the 19 units it proposed to install Romania under the NEXT-E project, financed by European funds through the Connecting Europe Facility (CEF). ...more »
February 07, 2019 10:55
Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International B.V. announced that they have approved the Final Investment Decision to proceed with the $400 million Midia Gas Development Project offshore Black Sea....more »
February 06, 2019 16:12
Fondul Proprietatea expressed its deep concern about the damaging impact on companies and investments in the energy sector, on the energy security of Romania and, ultimately on consumers, if the Order published by the National Authority for Energy Regulation (ANRE) for the approval of the Pricing methodology for electricity sold by producers based on regulated contracts will be passed....more »
February 06, 2019 15:20
The National Regulatory Authority for Energy (ANRE) approved the methodology for setting the regulated tariffs and the energy prices applied to final customers. "By applying the Methodology for setting the regulated tariffs and the prices applie...more »
November 26, 2018 14:04
Oltenia Energy Distribution inaugurates the 110/20 kV transformer power station for the Eastern Industrial Zone of Craiova (ZIEC), the first greenfield project in Oltenia to improve the quality of energy distribution for both domestic and industrial consumers . The project was completed within 17 months and had a total value of 5.52 million euros (CAPEX), from its own sources. ZIEC is the second largest investment in the history of Distributie Oltenia, after the modernization of Craiova Centru station and illustrates the company's mission to become a strong local partner, supporting the development plans of the region. The station was built with the support of the local public authorities: Dolj County Council, Dolj County Prefect Institution, Craiova City Hall and Gherceşti Town Hall....more »
November 09, 2018 16:05
Black Sea Oil & Gas signed a contract with SNTGN Transgaz for the gas transport for the Midia Gas Development Project (“MGD Project”), a project aimed at putting into production the natural gas of XV Midia Block, offshore Black Sea, Romania.  ...more »
October 29, 2018 10:44
The Romanian High Court of Cassation and Justice (HCCJ) suspended by final ruling the Central Tax Commission decision that qualifies, from a fiscal standpoint, the wind turbine tower as a building, thus taxing it as a regular building. Berechet R...more »
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