Energy

The
liberalization of the electricity market that began last year did
not have significant adverse effects, and the influence was of about
on to two percent in the final electricity price, said the President
of the National Regulatory Authority for Energy (ANRE), Niculae
Havrilet. ...more »

Italy’s Nordelectrica Impianti was
selected to build a 6.65 MW photovoltaic park for Productie Energie
Verde, a company owned by local businessman Vladimir Cohn.
The project will generate electricity
that will be used by another company owned by Cohn, corrugated board
producer Ecopaper and the surplus will be sold on the market. ...more »

More than 650 million Euro worth of electricity traded
in the first half of 2013, 85% more than in the same time of last year. The bilateral contract market, where buyers
and sellers meet and sign long-term deals, saw the highest jump in amounts
traded, according to OPCOM data. Traded volume on this market stood at 9.47 TWh
of electricity or 36% of the country’s energy consumption, almost 5.5 times
more than in the same time last year. Traded electricity price fell 15.6% to
EUR43.2/MWh. ...more »

The first IPO on the Bucharest Stock
Exchange in five years, the public offering of 10% in Romania’s state-run
nuclear power producer Nuclearelectrica was received with interest from small investors. Small investors
subscribed 2.3 times mores shares than they are offered at the IPO and allotted
90 million lei (EUR20.1 million) by 05:00 p.m.. They may subscribe 10% of the
25.3 million new shares the company wants to sell....more »

Even in these turbulent times for Renewable energy, PV plants are
being constructed. The
juwi group just started the construction of two PV plants in Romania.
The plants are situated near the towns Satu Mare (North-West Romania)
and Butimanu (approx. 50 km north-west of Bucharest). They are being
built by the Italian juwi subsidiary juwi Energie Rinnovabili Srl in
cooperation with the Bulgarian subsidiary juwi Solar GmbH in Sofia....more »

Spanish firms Rios Solar Renovables and Rios Total Solar, part of Spanish group Rios Renovables...more »

The
temporary reduction of state support for renewable energy producers starting
July 1 is showing its first effects and the sum investors will have to recover
for July reaches about EUR14 million. According to data published by power grid...more »

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. ...more »

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%....more »

The 'Monitoring Methodolgy of the Regulated Electricity Market' has been approved by ANRE (the National Energy Regulatory Authority). The monitoring framework is based on the requirements stipulated by the Law no. 123/2012 on electricity and natural gas....more »