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.
Wizz Air will reopen its base in Suceava, in northeastern Romania, where it will allocate two Airbus A321neo aircraft. With these, the airline will operate a total of 43 aircraft during the winter season in Romania. Wizz Air will also introduce eight routes from Suceava starting in December. Passengers will be able to fly from […]
A new legislative proposal is currently being developed regarding end-of-life care, according to doctor Cătălina Poiană, president of the Romanian College of Physicians. It would be a first for the Romanian medical system. Dr. Poiană specified that the document has been worked on by representatives of the Romanian Society of Anaesthesia and Intensive Care (SRATI), […]
Mammut, the Swiss brand specializing in sports gear, will open its first brand store in the country in Cluj-Napoca, in the mixed-use urban regeneration project Rivus, developed by Iulius Group in partnership with Atterbury Europe. The store will have a floor area of approximately 130 sqm and will retail a complete range of premium gear, […]
Romanian economy minister Bogdan Ivan said during a visit in Dragomirești, in southern Romania, that the locality will host the NATO Ammunition Center of Excellence for all of Europe, emphasizing the importance of such a strategic investment. The center is the result of negotiations between the Romanian and US governments, and involves a USD 220 […]
A group of 40 Romanian pilgrims have left Israel on Tuesday, June 17, through Egypt, and most have already reached Romania. The group of Romanians is the third that managed to leave Israel. The other two have already left the territory of the State of Israel through the Eilat-Taba border crossing into the Arab Republic […]
RCBB Gruppe, a leading company in the field of construction and site management, announces the successful completion of two major projects in Bacău County: the new school building of the “Sfântul Iosif” Catholic National College in Bacău city and the Balneo-Tourism Complex in Sărata (opening photo). Both projects were delivered on time and in full […]
