Last year Romania put into operation 10 times more electricity production capacity than in 2022, and the increase is estimated to be even higher at the end of 2024, Energy Minister Sebastian Burduja said.Thus, in 2023, new power plants commissioned included: 496 MW solar, 72 MW wind and 56 MW hydro. The total is 624 MW installed capacity, new production capacities now available to the national grid. Compared to 2022, the total figure is almost 10 times higher (44 MW hydro and 25 MW solar were commissioned then).Also, if at the end of 2022 there were only 40,171 prosumers, with a cumulative installed capacity of 417 MW, at the end of 2023 their number exceeded 100,000, with an installed capacity that most likely exceeded 1,500 MW, more than the installed capacity of the Cernavoda nuclear power plant, the press release mentions."The fact that in 2023 the new capacities commissioned were almost 10 times higher than in the previous year shows that Romania is increasingly attractive for investors in the energy sector, especially in the green energy segment. We expect that by the end of 2024 the growth will be even higher, given that we have managed to complete the financing of the projects of investment 1 - PNRR, which total almost 1,700 MW. I expect a large part of these investments to be completed by the end of the year, based on the commitment of the beneficiaries. Add to this the investment in the new gas-fired power plant at Iernut, a project that has been blocked for years, with a real chance of coming on stream in December 2024, which will add 430 MW of installed capacity to the national energy grid. Plus a number of private investments, which did not require government support, so the balance sheet for this year will be even better," stressed the energy minister.He also pointed out that if in 2023 Romania was a net exporter of electricity, after many years of relying more on imports, with these new investments it is even better positioned to reach its potential as a regional leader and energy hub for the entire region.The source also points out that the Ministry of Energy is nearing completion of the procedures for the implementation of Contracts for Difference (CfD), which will support, through two successive auctions in 2024 and 2025, investments in solar and wind energy production with a total installed capacity of 5,000 MW.
Daniel Christian Hulea, a Romanian man accused of contributing to the NetWalker ransomware attacks, has been sentenced to 20 years in prison after pleading guilty to conspiracy to commit computer fraud and wire fraud, according to a public announcement from the US Department of Justice. NetWalker was a Ransomware-as-a-Service operation launched in 2019, which recruited […]
The new Romanian government, headed by the same Social Democratic prime minister, Marcel Ciolacu, recently made its governance program public. Among its objectives are reducing the level of bureaucracy, maintaining the flat tax rate, and reducing the budget deficit to 7% in 2025. To reach its goals, the government reduced the number of ministries to […]
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
