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EU / EUROPEAN INSTITUTIONS STRIKE OVERNIGHT DEAL ON 32% BINDING RENEWABLE ENERGY TARGET / ENERGYNOMICS.RO

Negotiators from the European Parliament and Member States agreed to increase the EU renewable energy target for 2030 to 32% with a possibility for upward revision in 2023.

23.06.2018 ·

WORLD / ELECTRICITY COMPARISON WEBSITES MAY INFLATE PRICES, ENERGY ADVISER SAYS / ENERGYNOMICS.RO

New report finds sites help consumers switch energy plans, but compare few retailers and offers The chief energy policy adviser to state and federal governments of Australia has sounded the alarm over comparator websites offering consumers advice about their electricity plans, saying the sites lack transparency, and possibly inflate power prices.

23.06.2018 · ROMANIA

ROMANIA / CĂTĂLIN ARAMĂ (CERT-RO): CYBER SECURITY IS ESSENTIAL IN THE ENERGY FIELD / ENERGYNOMICS.RO

New technologies based on IT are already changing the needs and behavior of all energy players. At the same time, they require new approaches from the authorities and raise new risks, such as cyber security. We continue to present the conclusions of the 2018 Energy Strategy Summit, with a selection of ideas from the intervention of Mr. Cătălin Aramă, General Director of CERT-RO.

23.06.2018 · ROMANIA

ROMANIA / KAZMUNAYGAS RENEWS THE IDEA OF INVESTMENT FUND AND THE PETROMIDIA COGENERATION PLANT PROPOSALS / ENERGYNOMICS.RO

The Chairman of the Management Board of KazMunayGas (KMG), the National Gas and Petroleum Company of Kazakhstan, Sauat Mynbayev, met with Mr. Anton Anton, the Minister of Energy, in Bucharest. KMG is the sole shareholder of KMG International (KMGI), the former Rompetrol Group. The two discussed ways to synchronize Rompetrol Group’s regional development efforts with Romania’s plans to become an energetic hub in the region. During the discussions with the Ministry of Energy officials, KMG firmly committed to fulfilling all the obligations taken under the Memorandum of Understanding signed with the Romanian Government, writes a press release from the company. One of the most important provisions of the said Memorandum refers to the establishment of the mixed Romanian-Kazak investment fund for a 7-year investment period and an estimate USD 1 billion in investments.

23.06.2018 · ROMANIA

ROMANIA / C. CREȚU (ELCEN): THE REORGANIZATION PLAN SHOWS THAT A LARGE PORTION OF THE DEBTS WILL BE PAID TO THE KREDITOR / ENERGYNOMICS.RO

The authorities in charge, ELCEN, having as main shareholder the Ministry of Energy, and RADET Bucharest, owned by the City Hall of Bucharest, took over the solution for restructuring the centralized heating system in Bucharest, as proposed by KPMG Restructuring, for a successful exit from the financial deadlock of the past years, but also for realizing the investments required for maintaining this system operational. We talked to Claudiu Crețu, Special Administrator of ELCEN, just days before the main creditors of this company, insolvent since 2016, ruled on the transfer of the ELCEN assets to a third party controlled by the Bucharest Municipality.

09.06.2018 · ROMANIA

ROMANIA / THE CERNAVODA REACTOR 1 WAS RESTARTED AFTER A MONTH OF MAINTENANCE / ENERGYNOMICS.RO

SN Nuclearelectrica SA (“SNN”) announces that the works related to the planned outage of Cernavodă NPP Unit 1 were completed in June 4th 2018, and the reconnection to the National Power Grid took place on the same day at 05:02 hours.

09.06.2018 · THE_CERNAVODA_REACTOR

WORLD / RECORD AMOUNT OF RENEWABLE ENERGY INSTALLED IN 2017 / ENERGYNOMICS.RO

A record amount of renewable power capacity was installed worldwide last year as the cost of wind and solar became even more competitive with fossil fuels, research by renewables policy organisation REN21 showed.

09.06.2018 · WORLD

ROMANIA / OMV PETROM IS READY FOR THE NEXT STAGE – REGIONAL GROWTH / ENERGYNOMICS.RO

14 years after the privatization and 9 billion-euro worth Upstream investments later, OMV Petrom is now a different company, which entered into a new stage. With strong numbers and based on a stand-alone strategy within the OMV group, Petrom has the opportunity to capitalize on its operational and financial fitness, as well as on its fruitful joint ventures with top of the world O&G majors. “Regional expansion means that we can add synergies from what we have learnt and developed in Romania, and also based on the footprint we have here”, explained for energynomics.ro Peter Zeilinger, member of the Executive Board responsible for Upstream.

09.06.2018 · ROMANIA

ROMANIA / INDUSTRY COMMITTEE APPROVES FINAL CHANGES TO RENEWABLES LAW / BOGDAN TUDORACHE / ENERGYNOMICS.RO

UPDATE June 8: Draft Law approving Government Emergency Ordinance no.24 / 2017 amending and completing the Law no.220 / 2008 appears on the agenda of the Commission for Industries in June 12, which suggests that new changes could appeared before the vote in Parliament’s plenary! Although the Commission for Industries and Services of the Chamber of Deputies has approved most of the amendments to renewable legislation with industry leaders since May, new changes have been made in the meantime, and the final form was only approved on Tuesday, June 5th. Next is the vote is in the plenary of the parliament, said sources from the market for energynomics.ro.

09.06.2018 · ROMANIA

WORLD / TESLA HAS INSTALLED A TRULY HUGE AMOUNT OF ENERGY STORAGE: 1GWH / ENERGYNOMICS.RO

Tesla, it’s been said, is less a car company than a battery company that sells cars. Today, the company is announcing a new milestone: Since 2015, it has installed a worldwide total of a gigawatt-hour of energy storage–technology that is critical for using renewable energy at scale. For comparison, that’s nearly half of the entire amount of energy storage installed globally last year. As the company’s electric car business quickly grows, the energy side of its business is growing even faster, according to fastcompany.com.

09.06.2018 · TESLA

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