Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Dragan (ME): We want to have over 10...

Dragan (ME): We want to have over 10 GW of additional renewable capacity installed by 2030

October 12, 2023

Romania has started transforming its energy system in line with its targets and wants new renewable capacities, the target being that by 2030 we will have an additional 10 Gigawatts of renewable capacities installed, all technologies, said Dan Dragan, Secretary of State in the Ministry of Energy, on Monday.   He also added that the nuclear programme is to continue, namely Units 3 and 4 at Cernavoda and small modular reactors. "Here we have the essential support of our American partners, we are in close contact and we are working together to find all the sources of funding and also to implement these projects, with a target year of 2028 - 2029 for SMRs and 2031 for Units 3 - 4 at Cernavoda," the official said.   He also mentioned the gas in the Black Sea, namely a quantity of about eight billion mc injected in the transport network in the perspective of the year 2026 – 2027 and mentioned that the first steps have been taken for new, flexible capacities, for electricity generation with the use of natural gas. All these capacities together will surpass 3,500 MW and will ensure the flexibility of the system as they are placed in important areas to balance the production.As regards the transport of electricity, Dan Dragan reiterated that important contracts were signed for the construction of new transport capacities, new lines including interconnection.‘At this moment, over 460 km of new transport lines are financed with existing contracts, and by the end of the year we will the possibility to sign new contracts. The total value until this moment of the signed contract for Transelectrica, including new stations of 400 kilovolts, is over 430 million euro and we hope that the new investment committee of the Fund for Modernisation will approve projects of up to 150 million euro, including the connection between Suceava and Balti ( the Republic of Moldova – o.n.)’ Dragan said.Also, on the distribution side, projects worth more than 500 million lei have been signed so far for distribution companies and are still being analysed, with projects worth more than 1.5 billion lei being submitted. The total scheme is €1.3 billion.   The ME official recalled that the call for green hydrogen has been resumed and expressed the hope that within the next two months it will be closed and contracts signed.   At the same time, the contracts for storage capacities, a minimum of 200 megawatts, are being analysed and could be signed by the end of the year, and the PNRR also finances the production of batteries and the production and assembly of photovoltaic panels, with amounts of around 200 million euros.  

Read in full - click here
Romanian proptech company Vaunt expands in US, boasts EUR 860 mln transaction portfolio

Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]

Western Romania: IVF network Embryos acquires clinic in Oradea

IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria.  The turnover […]

Romania ranks fourth in Coface CEE Top 500 companies ranking, with 56 companies

Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]

Romanian fintech Instant Factoring secures EUR 30 mln financing structure to support SMEs

Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]

BVB-listed real estate company Meta Estate Trust appoints new CEO

Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]

Legendary Romanian coach Emerich Jenei dies at 88

Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona.  Emeric Alexandru Ienei (Imre Sándor Jenei) […]