The ministry of energy is working at present on the legislation which will allow the installation of wind turbines offshore, the target being that Romania becomes the first in this sector in the Black Sea, stated on Tuesday George Niculescu, state secretary in the ministry of energy, during an event which took place in Copenhagen.‘For the energy sector, we have in the National Plan for Recovery and Resilience over 1.5 billion euro. On 31st March we launched the call for projects worth 460 million euro. The investors can lodge up to 31 projects to ask for financing. We want to finance over 950 MW of renewable energy: 450 MW in wind energy and 400 MW in photovoltaic panels’ said Niculescu. During the conference organized by the Association The Romanian Centre of Energy in partnership with the Romanian Embassy in Denmark.This is only the beginning, he told the Danish investors.‘In October we will launch the Modernisation Fund, which is almost 1.4 billion euro per year, so a very important financial resource to make new production capacitiy for clean energy in Romania. I would advise you to analyse these opportunities, to come to Romania and develop projects here. Romania, during this period is in the second phase of development for the production projects for renewable energy’ Niculescu said.The ministry of energy is working at present on the legislation in the offshore wind sector, where Romania has a huge potential.‘We started this process at the end of last year. The draft law which has been in the parliament since 2019 cannot be used anymore, so we decided to work with the World Bank,as consultant, to have a stable and predictable legislative framework for investments in the offshore wind sector in the Black Sea. We have studies which show the potential is huge, as Dobrogea, known for its wind potential has drawn the biggest part of the wind projects in the first wave. So it is normal to continue and to want to be the first country which implements offshore wind projects in the Black Sea’ said the official.
Roberta Metsola, president of the European Parliament, has been named the 2025 laureate of the Timișoara Award for European Values, an honor established by the Municipality of Timișoara, western Romania. She will receive the award during a gala ceremony on May 22. The jury, composed of prominent Romanian professionals from various fields, recognized Metsola for […]
Romania’s interim president, Ilie Bolojan, delivered a message on Tuesday, April 22, to mark World Earth Day, emphasizing the importance of environmental care for both current and future generations. He stressed that a clean environment is essential for quality of life, public health, and the sustainable...
The leader of the Romanian reformist party USR, Elena Lasconi, a presidential candidate for the May 4 ballot with ambiguous support from her own colleagues, announced imminent thorough reforming of her party, apparently involving the replacement of the top leadership that withdrew her support recently. However, the odds for her to conduct the reforms are […]
Hungarian company Alpin Szig es Szerkezet Epitoipari, through its wholly-owned Romanian subsidiary Mineral Insulation, announced that a mineral wool factory with an annual capacity of 30,000 tons will be built in Miercurea-Ciuc, central Romania, upon a project involving EUR 20 million investments, announced the mayor of the town, Korodi Attila, and Orban Zoltan, on the side […]
The Municipality of Bucharest (PMB) completed the issuance and placement of bonds with a total nominal value of RON 555.1 million (EUR 111 million), PMB announced in a note to investors at the Bucharest Stock Exchange, where the bonds will be listed. The issue was heavily oversubscribed, with banks placing orders for 190% of the […]
Restart Energy One, a Romanian provider of renewable energy solutions with two bond issues listed at the Bucharest Exchange, announced in a note to investors that it is entering into a preventive arrangement to avoid insolvency. Its bonds were recently temporarily suspended from trading amid an investigation conducted by prosecutors involving the company's founder,
