LUKERG Renew, a joint venture between ERG Renew (part of Italian group ERG) and LUKOIL- Ecoenergo (Russia), concluded a finance agreement with Raiffeisen Bank International AG and ING Bank NV for the 70 MW Gebelesis wind farm located in Galati region, according to a press release. The contract corresponding to the 67 million euro loan was signed through LUKERG’s subsidiary, Corni Eolian, and has a validity period of 11 years....more »

Steel mill ArcelorMittal Galati has unilaterally terminated the contract concluded in February 2013 with Nuclearelectrica through which purchased about 1.86 TWh, according to an informing the nuclear power company sent to the Bucharest Stock Exchange. As per the details of the transaction worth some 337 million lei the delivery of the electricity was scheduled between March 05, 2013 and September 30, 2014....more »

Romania’s Energy Regulatory Authority, ANRE, has established that there isn’t any risk of overcompensation related to the support scheme corresponding to the renewable energy production, according to a report released on March 28. Thus, the ...more »

EDP Renovaveis (EDPR), a leading developer in the green energy field, takes a loan worth 20 million euro from the European Bank for Reconstruction and Development (EBRD) for the construction and operation of six solar parks in Oltenia region. Additionally, EDPR will access a parallel facility of 10 million euro from the Black Sea Trade Development Bank (BSTDB) for the photovoltaic parks which will have an installed capacity totaling 50 MW, a press release from the EBRD announces....more »

A power plant using biogas generated by organic waste deposited in Oradea’s landfill was inaugurated yesterday, Agerpres newswire informs. The landfill is managed by Eco Bihor, a private company, and the biogas resulted from anaerobic degradation is used by that station to produce both electricity and heat....more »

As anticipated, the Government intends to reduce the quota of subsidized electricity from renewable sources. Hence, according to a draft resolution of the Government, the quota of electricity which this year benefits from green certificates (GCs), will be reduced from 15 to 11.1 percent of gross electricity consumption. ...more »

The nuclear power company yesterday concluded a contract with SC GEN-I Bucharest-Electricity Trading for the sale of nearly 2.3 TWh. The energy was sold at a bid on OPCOM (the Centralized Market of Bilateral Contracts) for a price of 166.17 lei/MWh, slightly above the starting price – 163 lei/MWh, hence the total value of the contract comes to some 381 million lei....more »

Romania’s main electricity producer and supplier plans to sell other 22 small hydropower plants from its portfolio through an open outcry auction which will be conducted within May 14 and 16, 2014. The SHPs are divided in 14 asset packages and the starting price for selling all of them is approximately 53.85 million lei (nearly 12 million euro), according to the companyțs website....more »

American Superconductor (AMSC), a global engineering company providing cost-efficiency solutions and services in the energy field, yesterday announced that part of its wind power manufacturing operations in China will be relocated to a new facility in Timisoara....more »

The Bucharest Court of Appeal irrevocably dismissed on Monday, March 17, the appeals made by Energy Financing Team AG and Energy Financing Team Romania against the decision of Hidroelectrica’s judiciary administrator of terminating the bilateral contracts for electricity sale, a press release informs....more »