Romanian state-controlled coal power utility Complexul Energetic Oltenia (CE Oltenia) is preparing to establish a subsidiary to take over its lignite-fired thermal power plants slated for closure and the coal mining operations that supply them. CE Oltenia’s “lignite subsidiary” is envisaged under a restructuring and decarbonization plan approved by the European Commission, according to Profit.ro. […]
Companies that participated in the second round of auctions in Romania for contracts for difference (CfDs) for wind and solar power projects received the ranking list. The target quota for photovoltaics was slightly surpassed, with 1.49 GW approved. Conversely, only 1.26 GW was allocated in the wind project segment, against the available 2 GW. Average […]
The Romanian Government has drafted a state aid mechanism for the production and transport of geothermal energy for district heating or cooling systems. The proposed scheme would be worth EUR 300 million, sourced from the European Union’s Modernisation Fund. In addition to solar and wind energy, hydropower and battery energy storage systems, Romania is increasingly […]
As part of its decarbonization efforts, Romanian hydrocarbons producer OMV Petrom is strengthening its presence in neighboring Bulgaria. It agreed to buy 50% of the Gabare solar power project, of 400 MW, from its developer Enery Element. The solar power investment frenzy in most of Southeastern Europe is continuing despite rising curtailments and the frequent […]
Oil and gas company OMV Petrom and coal power utility Complexul Energetic Oltenia (CE Oltenia) have signed design and installation contracts for four solar power plants. In October 2022, OMV Petrom and Complexul Energetic Oltenia said they would build four photovoltaic parks with a combined capacity of 450 MW at former coal mining locations using […]