Energy

Business Forum   |   13 May, 2025 at 7:03 AM

Romania launches second CfD auction for renewable capacities

The Ministry of Energy has launched the second auction within the state aid scheme in the form of Contracts for Difference (CfD) to support the production of electricity from wind and photovoltaic projects.

Business Forum   |   6 May, 2025 at 4:30 PM

Romania inks first energy memorandum with Turkey

Romania and Turkey have signed their first memorandum in the energy field to improve energy security, renewable energy investments, and enhance regional infrastructure.

Business Forum   |   30 April, 2025 at 6:05 PM

OMV Petrom's net profit drops by 24% in Q1 2025

OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.

Business Forum   |   9 April, 2025 at 2:02 PM

Verbund buys wind farm in Romania

Verbund Wind Power Romania, part of Austrian energy group Verbund, has acquired a fully developed wind project from local renewable energy producer Monsson.

Business Forum   |   28 March, 2025 at 9:19 AM

Electrica posts nearly 40% profit decline in 2024

Electrica saw a net profit of RON 376.5 million (€75.5 million) in 2024, down 39.3% compared to 2023, while its operating revenues totaled RON 10.87 billion (€2.1 billion).

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