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.
Social Democrat (PSD) MP Mihai Weber, head of the parliamentary defense committee, came under fire after investigative platform Snoop unveiled his EUR 140,000 hybrid Mercedes AMG GLE 53 purchased this year through a small firm that operates no more than a countryside...
Touching high public expectations for initiating reforms in the judiciary system, Romania's president Nicusor Dan explained in two consecutive interviews given to the public TVR and B1 broadcasters that "it takes time and a critical mass," but assured that he has not abandoned "at all" the idea. On the magistrates' retirement and pensions, he reiterated […]
The Romanian Ministry of Foreign Affairs (MAE) summoned the Russian ambassador to Bucharest on September 11 to convey its position of firm condemnation of the violation of Polish airspace by Russian drones, according to a ministry's press release. "The Romanian side stressed that, by its gravity, implications and scope, the incident represents an unprecedented escalation, […]
Spanish group Ecoener announced it boosts its expansion in the European Union with the upcoming construction of a 54.4 MW wind farm in Miroslovesti, in north-eastern Romania, after being awarded a Contract for Difference (CfD). The company has been awarded a 15-year contract in the Romanian government’s renewable energy tender. It plans to begin construction […]
Pinum, one of the leading door and window manufacturers in Romania, has concluded a financing agreement worth over EUR 10 million with Banca Transilvania for the development of a new factory in northern Bucharest, at Moara Vlăsiei. The total investment exceeds EUR 14 million and will allow doubling the annual capacity for manufacturing doors and […]
The state-owned company Romgaz (stock exchange symbol SNG), the producer and supplier of natural gas, convened its shareholders on October 20 to decide on the issuance of a new tranche of bonds or the supplementation of the inaugural EUR 500 million tranche, massively oversubscribed in 2024, according to a report to investors, quoted by
