European Energy has received grid connection approvals for around 500 MW of solar and wind energy projects across, https://energycentral.com/ informs. These approvals bring the projects closer to the ready-to-build stage. The total development pipeline for European Energy Romania now exceeds 1.5 GW of solar and wind projects. European Energy is in working process to receive grid connection approvals for the remaining projects in the near future, which is an important step in project development, moving these initiatives closer to a ready-to-build stage. “We consider a very promising market. The upcoming auction for Contract for Difference outlined in the Romanian renewable energy support scheme, totalling five GW, will unlock the implementation of more wind and solar projects,” says Ioannis Kalapodas, Head of European Energy’s office. As of the end of 2023, has 11.7 GW of renewable energy capacity either built or which have grid connection approval, according to the . Renewable energy, as part of Romania’s Green Transition, offers numerous benefits, including cleaner and cheaper electricity for consumers. Additionally, it provides economic advantages for farmers and landowners, local businesses, communities, and citizens through increased tax revenue and new jobs in environmentally friendly investments. “Securing 500 MW of grid connection approvals is a step towards achieving a leading position in the market. can foster a new progressive stream of renewable energy development under the recently launched support scheme for Contracts for Difference,” says Thorvald Spanggaard, Executive Vice President and Head of at European Energy. European Energy estimates that hybrid projects, which include a mix of solar, wind, and battery storage technologies, could drive the development of renewable energy in . Another initiative that could spur this development is the establishment of clear regulations for guarantees of origin, which would stimulate corporate power purchase agreements in the country.
President Nicușor Dan, in office for roughly three months, attended the Salzburg Industrialists' Summit, the most important reunion of the Austrian business community, urging them to invest in Romania. Specifically, the president emphasized the strategic opportunities in the defense, energy, infrastructure, and logistics sectors. “Romania is significantly expanding its defense industry. Our sector offers real […]
A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. Records from the Anti-Corruption Directorate show that between […]
A scandal broke out on Friday, July 25, after it was made public that deputy prime minister Dragoș Anastasiu was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. Records from the Anti-Corruption Directorate show that between […]
The Drapers' Bastion in Brașov, built between the years 1450–1455, will be restored with European funds. The urban landmark will become an interactive museum integrated into the tourist circuit. The rehabilitation of the Drapers' Tower will support not only tourism but also the construction sector, contributing to the economic and cultural revitalization of Brașov, according […]
The National Meteorological Administration (ANM) has issued a code-red warning for persistent and intense heat from July 26, 10:00 AM to July 27, 10:00 AM for the regions of Banat, Oltenia, most of Muntenia, and southern continental Dobrogea. Day temperatures are expected to reach between 39 and 43 degrees Celsius, while the temperature-humidity index is […]
The fifth edition of Jazz Bastion will bring three concerts to the Weavers' Bastion in Brașov, featuring musicians from Romania, Ireland, and Switzerland. This year's edition "highlights the cultural diversity of music, which always brings together artists and audiences alike, regardless of language, nationality or affinities," the organizers explained. The public can attend performances by […]
