The ministry of energy is working at present on the legislation which will allow the installation of wind turbines offshore, the target being that Romania becomes the first in this sector in the Black Sea, stated on Tuesday George Niculescu, state secretary in the ministry of energy, during an event which took place in Copenhagen.‘For the energy sector, we have in the National Plan for Recovery and Resilience over 1.5 billion euro. On 31st March we launched the call for projects worth 460 million euro. The investors can lodge up to 31 projects to ask for financing. We want to finance over 950 MW of renewable energy: 450 MW in wind energy and 400 MW in photovoltaic panels’ said Niculescu. During the conference organized by the Association The Romanian Centre of Energy in partnership with the Romanian Embassy in Denmark.This is only the beginning, he told the Danish investors.‘In October we will launch the Modernisation Fund, which is almost 1.4 billion euro per year, so a very important financial resource to make new production capacitiy for clean energy in Romania. I would advise you to analyse these opportunities, to come to Romania and develop projects here. Romania, during this period is in the second phase of development for the production projects for renewable energy’ Niculescu said.The ministry of energy is working at present on the legislation in the offshore wind sector, where Romania has a huge potential.‘We started this process at the end of last year. The draft law which has been in the parliament since 2019 cannot be used anymore, so we decided to work with the World Bank,as consultant, to have a stable and predictable legislative framework for investments in the offshore wind sector in the Black Sea. We have studies which show the potential is huge, as Dobrogea, known for its wind potential has drawn the biggest part of the wind projects in the first wave. So it is normal to continue and to want to be the first country which implements offshore wind projects in the Black Sea’ said the official.
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
An investigation by the famous British newspaper Financial Times revealed that the campaign of former Romanian presidential candidate Călin Georgescu was supported by a Russian network also used during the pandemic in France and Germany to instill fear of vaccines. The newspaper’s investigation began in continuation of those by Bulgarian and Romanian journalists at BG...
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
