31 iul 2013

More than EUR1 billion were invested in wind and solar farms in the first half of the year, and EUR288 million were paid as subsidies to producers. Renewable energy accounted for 12% of total more

30 iul 2013

Photovoltaic parks operated at higher capacity than wind farms at certain hours in the first part of Monday, the hottest day of the year so far, even though the installed capacity of the latter is more

29 iul 2013

Sales of non-oil products sold at gas stations exceeded EUR600 million last year, according to ZF calculations based on data provided by oil companies, which say such products generated 10% of their more

24 iul 2013

No other European country has experienced such an extensive refinery closing process as Romania, which lost seven oil-processing facilities in 2007-2012. The last in the line of seven closures was more

22 iul 2013

Energy Holding, one of the best-known private energy traders on the Romanian market, says it had losses of 110 million lei (EUR25 million) last year. It explains this through the loss of its contract more

17 iul 2013

Forty-two major wind projects, which have attracted investments of almost EUR3.3 billion, were operational or in the final testing stage at the beginning of this month. They have a total capacity of more

2 iul 2013

State-controlled Romgaz, Romania’s largest gas producer, recorded a net profit of 473.4 million lei (EUR108 million) in the first quarter of this year, up by around 84% against the similar period of more

1 iul 2013

Serbian oil group NIS, controlled by Russian giant Gazprom, will have its first Bucharest filling station this autumn under the Gazprom brand. more

26 iun 2013

Fuel demand is showing signs of a rebound after all companies in this business had been expecting the market to be flat at best at the beginning of the year after the 2% decline in 2012. more

20 iun 2013

The revenues of the 10 largest oil companies in Romania rose by over EUR1 billion last year to almost EUR14 billion, on a market where fuel demand fell by around 2%-3%. more

18 iun 2013

MOL Romania, the local subsidiary of Hungarian oil group MOL, last year obtained a net profit of EUR17 million (76.1 million lei), after an over EUR3 million loss in 2011, caused by a fine by the more

17 iun 2013

An average wind farm in Romania has a capacity of 50 MW, way above the European average, due to the low population in rural areas in Dobrogea (SE Romania), the region boasting the best wind in more

11 iun 2013

Grup Servicii Petroliere, the flagship company of the Upetrom group, made 143.5 million (EUR32 million) net profit in 2012, compared with RON307.3 million loss in 2011, and 2% higher revenue, RON 813 more

10 iun 2013

Verbund, the largest energy company in Austria, says it will not go ahead with investments of almost EUR100 million in expanding the wind project in Casimcea (Tulcea) if the support scheme is modified more

7 iun 2013

Italian Enel, the largest private energy distributor in Romania, last year reached turnover of 4.3 billion lei (EUR971.4 million) last year, 10% more than in 2011. more

6 iun 2013

Czech Republic’s CEZ, Italy’s Enel, Energias de Portugal and Spain’s Iberdrola are the companies with the most significant investments in green power in Romania and the first to be affected by more

4 iun 2013

Daniela Lulache, 45, former head of regional investment fund Fondul Proprietatea, who in mid-May became general manager of Nuclearelectrica, one of the major energy producers in Romania, says the main more

3 iun 2013

The biggest 20 solar photovoltaic investments that have become operational so far required about EUR127 million investment and turned places no one had heard of before into popular destinations among more

31 mai 2013

Prime Minister Victor Ponta has taken an aggressive stance against E.ON Romania after the company’s chief executive Frank Hajdinjak said the group will give up its green energy projects in Romania more

28 mai 2013

EnergoBit, one of the largest companies in the industry of equipment and works for the energy industry, whose controlling stake was bought at the end of last year by Polish investment fund Innova more

21 mai 2013

Romania had more than 94 megawatts installed in solar power parks by May 16, 2013 compared with 49 MW at the end of last year, according to national power grid operator Transelectrica (TEL.RO). more

17 mai 2013

European Bank for Reconstruction and Development (EBRD) has cancelled plans to provide EUR207 million funding for a EUR276 million power plant the Russian owner of aluminum smelter Alro (ALR.RO), more

16 mai 2013

Romania’s largest natural gas producer, state-owned Romgaz, has budgeted revenues of about 4.4 billion lei (EUR1 billion) for 2013, 14% higher on the year. more

14 mai 2013

Energy Holding, one of the major electricity traders in Romania, posted about 643 million lei (EUR149 million) revenue last year, down 14% on 2011, after losing access to its cheapest source of more

10 mai 2013

Oltenia Energy Complex (CE Oltenia), Romania’s largest coal-fueled energy producer, covering over 30% of the local consumption, is now working at only 2% of its installed capacity, a situation not more