By 2036, Romania might have 3 GW in installed offshore wind capacity in the low growth scenario or 7 GW in the high growth scenario, according to the latest Romania’s offshore wind roadmap launched for consultation by the World Bank’s International Finance Corporation (IFC). One of the main findings of the report is that the levelized cost of energy (LCOE) starts at 72-93 euros per MWh in 2029 and reduces to 52-76 euros per MWh in 2035, according to the low growth scenario (LGS). In the high growth scenario (HGS), the LCOE starts at the same level and decline to 47-68 euros per MWh in 2035. Both scenarios assume significant local content (towers, substations, etc.) of 28% (LGS), and 38% (HGS). In terms of investment costs, LGS assumes a CAPEX expenditure of 9 billion euros for around 150 turbines in five projects by 2035, while the HGS takes into consideration a CAPEX expenditure of 19 billion euros for around 360 turbines in seven projects by the same year. The documents include a potential timeline for first offshore wind projects, some comments on the potential development areas, and a set of recommendations. The present assessment of key conditions and frameworks for offshore wind in Romania identifies two areas where new frameworks are needed (leasing, offtake), and four where some changes are needed (the frameworks for permitting, grid connection, health and safety, and upgrades for the transmission network). In respect with the local supply chain, IFC considers that there are good opportunities in some areas, also for export. Sean Whittaker, Co-lead Offshore Wind Development Program of the World Bank presented draft findings of the Offshore Wind Roadmap that they have been developing over the past 18 months at the request of the Government of Romania, at the Energy Week Black Sea in Bucharest. The Offshore Wind Roadmap For Romania is a report made by the International Finance Corporation (IFC), a member of the World Bank Group. The work was carried out by BVG Associates in association with CMS and Institute for Power and Engineering (ISPE). The key messages were reviewed by the Romanian Ministry of Energy and the authors are now seeking wider feedback from industry. The official release is planned for March 2024, and it will include the latest feedback from the Romanian authorities.
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
Bucharest Tribunal rejected on Wednesday, December 17, an appeal filed by former presidential candidate Călin Georgescu against a lower court decision to keep him under judicial control in a case in which he is accused of promoting legionary ideology. The ruling is final,
European chief prosecutor Laura Codruța Kovesi, the former head of Romania's National Anticorruption Directorate (DNA), said she was “shocked” by the revelations made by magistrates in the Recorder documentary ‘Captured Justice,' released on December 9. The media investigation, which fueled major street protests in Romania, details how...
Romania is among 19 European Union member states asking the European Commission to allocate funding for the creation of migrant return centres to be located outside the EU, amid a broader tightening of the bloc’s migration policy, Agerpres reported. The request follows decisions taken by...
