Romania has an onshore wind capacity of 3 GW and an offshore wind resource large enough to produce more energy than it will ever need, World Bank Group representatives claim in a statement.The document refers to the Development Program for Offshore Wind Energy: Roadmap - Offshore Wind Energy in Romania."Globally, the technology for offshore wind energy (OSW) provides large volumes of energy from GW-scale projects, at prices competitive with those of new conventional generation technologies. Romania already has an onshore wind capacity of 3 GW and a resource large enough offshore wind farm that could produce more energy than Romania will ever need The present report highlights the potential for a capacity of up to 7 GW of offshore wind platforms, located at least 50 km from the coast and, in the largest part, in relatively shallow waters, which could be built from the beginning of the 2030s, using Romania's well-equipped port facilities, the supply chain based on steel products and other local workers," the press release reads.According to the quoted source, although there is not as much wind in the Black Sea as in most of the maritime areas of Northern Europe, a regional market is likely to be established, with the development of projects in Bulgaria's exclusive economic zones, Turkey and Ukraine."The regional and global OSW markets will offer other opportunities for Romanian suppliers. The impact on the environment is a key aspect to consider, beyond the reduction of carbon dioxide production and the amount of water used in technologies based on generation technologies Conventional. A key uncertainty in Romania in this regard is represented by the migration routes of birds to/from the wetlands of the Danube Delta," the document states.The impact and potential of the development of offshore wind energy in Romania, as well as the economic and social opportunities that this industry can bring to our country, are highlighted in the "Offshore Wind Roadmap for Romania" report, a study carried out by the World Bank, which was launched after two years of work, the representatives of the Ministry of Energy announced on Friday in a press release.
Romanian president Nicușor Dan announced on Tuesday, December 9, that French president Emmanuel Macron will pay an official visit to Romania in 2026. The confirmation was made during Dan’s visit to Paris, where the two leaders held extensive discussions on defence, security, and economic...
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
