Hidroelectrica has already sold all the energy that was budgeted for sale this year following yesterday’s bid on OPCOM, the Centralized Market of Bilateral Contracts when sold almost 920 GWh for 153 million lei (about 35 million euro). ...more »

Chevron received its second construction permit for a shale gas exploration well in Puiesti, Vaslui County. The local authorities have authorized the exploration project after more than half a year after starting the related procedures, Mediafax informs. Earlier this year, on January 30, the local Environmental Protection Agency issued an environmental permit for Chevron, authorizing drilling operations in the perimeter....more »

Hidroelectrica concluded 29 contracts for the sale of some 615.7 GWh, following bids on OPCOM (the Centralized Market of Bilateral Contracts) held on April 3 and 4, respectively, for an average price of 163.3 lei/MWh, consequently, the total value of those contracts comes to some 105 million lei....more »

CEZ considers the sale of a minority stake in the Fantanele-Cogealac wind farm in Romania, according to Reuters. The investment of 1.1 billion euro is the largest land-based one in Europe, having an installed capacity of 600 MW. The...more »

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 »