investment
Saudis seek up to $50 billion in renewable-energy expansion
Saudi Arabia will start soliciting bids in the next few weeks for the first phase of a “massive” renewable-energy program…
China to invest 361 bln. USD into renewables by 2020
China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country’s energy agency said on…
Electrica to invest about 190 million euro in 2017
Electrica, the owner of three of the eight regional companies for distribution of electricity, has planned for next year EUR…
There are much more investments needed for the Bulgarian gas pipe to work
The Bulgarian-Romanian gas pipe needs more investments to work, say sources consulted by energynomics.ro. The flow of gas through the…
Investments in renewable energy must also continue after 2020 (Daniela Dinescu)
Daniela Dinescu Managing Director, PNE Wind România Representative of the Group of Wind Farms Developers “Energy for the Future” In…
MOL Group will invest more than $2 billion in Upstream projects in the next five years
MOL Group announced the financial and operational objectives for the next five years, shortly after the publication of the Strategy…
Romania loses investments because of bureaucracy and system bottleneck
Fragmented collaboration between the various authorities and lack of a predictable tax regime block energy investments. During the session dedicated…
EximBank has a new on line application for SMEs
EximBank has implemented on its web site (www.eximbank.ro) a new application that allows the small and medium enterprises to rapidly…
ArcelorMittal injected 400 mln. euro in Romania, will continue investments
ArcelorMittal injected 400 million euro in Galati and will continue investments, says Lakshmi Mittal, chairman and CEO of ArcelorMittal. “ArcelorMittal…
Electrica borrows 71 mln. euro from BRD to finance the cash shortage resulting from investments
Electrica faces a cash deficit due to investments, so it borrowed 320 million lei (about 71 million euro) from BRD.…
Romgaz and ANRM continue investing into eight gas fields
Romgaz and the National Agency for Mineral Resources (ANRM) have decided to continue gas exploration to eight fields through a…
Renewables, dropping 9%; GCs sold on centralized market – barely 1% of 7 mln
The installed capacity of renewable energy producers totaled 4,690 MW at the end of June this year, according to data…
World’s largest offshore wind farm receives go-ahead in UK
The world’s largest offshore wind farm has received development consent from the UK’s Department of Business Energy and Industrial Strategy…
Soros Fund Management slashes gold stake in second quarter
Soros Fund Management sharply cut its shares in gold in the second quarter, when bullion prices rose to two-year highs,…
NARE has approved Transelectrica’s Development Plan of the Power Transmission Grid for 10 years
The total value of planned investments in the Development Plan of the Power Transmission Grid is estimated at 5 billion…
Government unlocks RON 835 million for investments in energy production
The government decided on Wednesday to unlock the state aid scheme on which the energy producers can ask for getting a grant, appliable for the…