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.
The BCR Romania Manufacturing PMI index has further slipped to 47.2 in November from 47.6 in October, signalling that the downward momentum which began last month has persisted. Not only the output sub-indicator, but also the new orders have deteriorated marginally compared to October and significantly compared to September, when the index neared the 50-point […]
Prime minister Ilie Bolojan will travel to Vienna on December 3-4 for an official visit mainly focused on energy cooperation and strengthening bilateral ties. The visit takes place at the invitation of Austria’s federal chancellor, Christian Stocker, according to the official announcement from...
Nhood, an integrated real estate services and solutions company present in 10 European countries, including Romania, has appointed Mihaela Petruescu as the new Country Director for Property Services Romania & Poland as of October. With nearly 20 years of experience in the real estate sector, Mihaela brings robust expertise in property management and leasing, operational […]
“Catane,” a dark comedy inspired by real events and directed by Ioana Mischie, is set to have its first special screenings in Romania after a successful festival circuit. The film had its world premiere at the IFFI Goa festival in India and was nominated this year at the Hollywood Music in Media Awards for Best […]
Romania is among the European countries where water reserves are decreasing at an alarming rate, according to an analysis carried out by researchers from University College London in collaboration with The Guardian and Watershed Investigations. Scientists analyzed data from the period 2002–2024 provided by satellites that monitor changes in the Earth's...
George Smyth, 18, went missing on a hike near Romania’s famous Bran Castle more than a week ago. On November 23, the British citizen started to suffer from hypothermia and exhaustion and called the emergency services. Trying to locate him, mountain rescue services conducted searches over the next few days but were only able to […]
