ENERGY
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Romania Raises Electricity Prices By 10% Starting January 1, 2013
Romania’s electricity prices will increase by 10% starting January 1, 2013 due to higher costs for power producers and increased state aid granted to renewable energy producers.
Over EUR2.5 Billion Invested In 21 Wind Farms In Romania
A number of 21 large wind farms were either operating or undergoing testing in Romania at the beginning of December, following investments of over EUR2.5 billion, according to the latest dat...
Upetrom 1 Mai To Focus On Production Of Green Energy Equipment
Gabriel Comanescu, the owner of the Upetrom group, bets on production of green energy equipment at Upetrom 1 Mai and tries to consolidate the position of Grup Servicii Petroliere, the leadin...
Innova Capital And EBRD Take Over EnergoBit
The three Cluj-based entrepreneurs who have since 1990 turned EnergoBit into a EUR160-million business specializing in delivering complete energy solutions have sold the majority stake to Po...
Oltenia Energy Holding Expects Revenue Of Over RON2B In 2012
Romanian power holding Oltenia expects over 2 billion lei (EUR440 million) in revenue this year.
Romania’s New Energy Investment Projects Touch Record-High In 2012, To EUR2.6B
The year 2012 will be the best of the last 22 years in terms of new investments in electricity generation facilities, with projects of about 2,200 MW, three times the capacity of a nuclear r...
RCS&RDS Branches Out Into Solar Power Industry
RCS&RDS, one of the largest local telecom groups, has bought 90% in two companies developing solar power projects in Braila County. The two projects are worth about EUR20 million and are the...
Solar Power Expectations Set Too High
Solar energy was seen as the new boom in renewable energy after the wind power sensation. But after the first ten months of 2012, things don’t look very encouraging and some market specialis...
Hidroelectrica Sells RON9.6M Worth Of Electricity
Romanian power producer Hidroelectrica Monday sold electricity worth 9.6 million lei (EUR2.1 million) on the local energy exchange OPCOM at a price of RON220.2 per MWh.