Energy
Electrica posts nearly 40% profit decline in 2024
Electrica saw a net profit of RON 376.5 million (€75.5 million) in 2024, down 39.3% compared to 2023, while its operating revenues totaled RON 10.87 billion (€2.1 billion).
The Romanian government has approved a new state aid scheme with a total budget of RON 578 million (up to €150 million) to assist large energy consumers in Romania.
Distribuție Energie Oltenia (DEO), the electricity distribution company part of Evryo Group, has signed a large scale syndicated loan.
OMV Petrom and state-owned gas producer Romgaz have announced the initiation of drilling for the first gas production well in the Neptun Deep project.
While there's significant interest in battery storage systems among Romanian prosumers, cost remains a major obstacle.
Price caps on electricity and natural gas will remain in place under the same conditions as at present, from the start of April to the end of June 2025 for electricity.
Romanian engineering firm Simtel Team has announced the signing of a significant power purchase agreement (PPA).
Romania produced 219,000 tonnes of oil equivalent (toe) in January 2025, down 4.5% compared to the same period of the previous year.
Rețele Electrice Romania, part of the PPC Group, has initiated a tender on the SEAP electronic public procurement platform.
As Romanians brace for a potential doubling of electricity bills from July 1st due to the elimination of the energy price cap.
Romania is recording a sensible deterioration in electricity consumption in Romania, but electrification and data management.
Rețele Electrice Romania, part of PPC group of companies, will reach 2 million installed smart meters.
Romania's usable gas production in January 2025 was 661,700 tonnes of oil equivalent (toe), a decrease of 300 toe compared to the same period last year.
Romanian state-owned gas producer Romgaz is looking for a consultant for its planned purchase of Azomureș.
The European Investment Bank (EIB) is committing up to €30 million to co-finance a major onshore wind farm project in the eastern part of the country, near the Black Sea coast.
OMV Petrom has finalized a transaction with NewMed Energy Balkan to advance exploration in the Han Asparuh offshore block in Bulgaria.
Romania is making gains expanding its renewable energy capacity, recording an increase in the number of projects that are fully permitted for development.
A recent study has revealed that energy efficiency investments remain out of reach for many Romanian households.
Swiss energy player MET Group has purchased a ready-to-build (RTB) photovoltaic park in Răscăeți (Dâmbovița County), from Kraftfeld.
Renewable EPC by Allview, the renewable energy division of Visual Fan, has signed a new contract for the design and execution of a photovoltaic park in Resița.
Greenvolt Next has signed a 10-year power purchase agreement (PPA) with Centrul Agro Transilvania Cluj to install and maintain a 550 kW photovoltaic system.
The contracts involve Expro's subsea landing string, SeaCure cementing technology, tubular running services and Coretrax Advance drilling tool.
The project involves the phased construction of nine wind farms distributed across northern Botoșani County, with a timeline for completion extending to approximately 2031.
The projects covered by this agreement are already under construction and are expected to be completed in the first quarter of 2026.
The PV power plants provide partner companies with a degree of energy independence and help protect the environment by reducing CO2 emissions by more than 3,200 tons per year.
The Romanian government has approved a new state aid scheme with a total budget of RON 578 million (up to €150 million) to assist large energy consumers in Romania.
Romania's unemployment rate at the end of February 2025 was 3.37%, a decrease of 0.01 percentage points compared to the previous month.
Electrica saw a net profit of RON 376.5 million (€75.5 million) in 2024, down 39.3% compared to 2023, while its operating revenues totaled RON 10.87 billion (€2.1 billion).
Romania's Ministry of Finance successfully raised RON 75 million (€15 million) from commercial banks on Friday.
Distribuție Energie Oltenia (DEO), the electricity distribution company part of Evryo Group, has signed a large scale syndicated loan.