The Energy Ministry launched on Monday the renewables Contracts for Difference (CfD) scheme, a financial instrument designed to stimulate the domestic production of green energy.Early this month, the European Commission approved a EUR 3 billion (RON 15.22 billion) Romanian scheme to support onshore wind and solar photovoltaic energy facilities, in order to foster the transition to a net-zero economy, as per the Green Deal Industrial Plan.According to Energy Minister Sebastian Burduja, the contracts for difference will contribute to the achievement of Romania's target of installing 10 GW of renewable energy by 2030, as set forth in the Integrated National Energy and Climate Change Plan.In order to fulfill its commitments for 2030, the government of Romania, through the Energy Ministry, implements a Contracts for Difference support scheme aimed at encouraging priority investments in the low emission power generation technologies needed by the Romanian energy sector, mentions an informative note for bidders for renewables CfDs published by the Energy Ministry.The objective of the CfD scheme is to support Romania in achieving its decarbonisation targets, while maintaining the security of its power supply. The duration of support through the CfD scheme will be of maximum 15 years from the date of payment.Contracts for Difference will be awarded to eligible producers through a competitive bidding process run by Transelectrica SA. The CfDs will be signed by the Romanian gas and electricity market operator (OPCOM) from Romania, as counterparty to the CfD contracts.
Romania will use high-precision robotic equipment to measure airborne dust particles in three major cities, namely Brașov, Timișoara, and Bucharest. These robots will precisely determine the mass fraction of PM10 and PM2.5 particles collected from air quality monitoring stations, eliminating human error, the National Agency for Environmental Protection (ANPM) announced. The first such robot was […]
A Romanian citizen who was part of the crew of the ship Galaxy Leader and was kidnapped in Yemen has been released and is now safe, according to the Ministry of Foreign Affairs (MAE). The release is the result of sustained efforts by the Foreign Intelligence Service (SIE) and other institutions within the Crisis Cell, […]
Around 730 British Army vehicles have been loaded onto cargo ships, ready to be transported to Romania for NATO’s first deployment of the Allied Reaction Force. Roughly 2,500 soldiers will accompany them to the Eastern European country. The vehicles left from the Sea Mounting Center in Marchwood, Hampshire, ahead of Exercise Steadfast Dart 25. NATO […]
Cargus, a leading player in Romania’s courier industry, appointed former CFO Belgin Bactali as the new CEO, effective January 20. She replaces Yannick Mooijman, who, the company said, “has decided to step back and explore new opportunities.” Belgin Bactali has over 23 years of experience in developing successful financial strategies and leading key projects in […]
Călin Georgescu announced that if he is not allowed to run in this year's presidential elections, he could back "someone from the sovereignist camp" and become prime minister. Speaking on a TV show on January 22, he said that talks for such a scenario are already underway,
Galati County Council has unveiled its plans for the new software park being built in the city, a EUR 40 million project through which Council's president Costel Fotea seeks to turn the city on the Danube best known for its steel plants into an IT center of excellence. The project of the building represents a […]
