The revision to Romgaz's rating outlook follows the recent revision to Romania's sovereign rating outlook dated December 17, 2024.
The transaction, which is subject to necessary approvals is expected to close in the first half of 2025.
The distribution network was upgraded by replacing about 8.8 km of cables and more than 1,800 switchboards.
Galaxy VXL is compatible with both Lithium-ion and VRLA batteries, and with its Live Swap function.
The first research, Artificial Intelligence and Electricity: A System Dynamics Approach, examines four possible scenarios for AI's electricity consumption over the next decade.
The development of BESS depends on market maturity and regulatory stability. In some countries, frequent regulatory changes and grid access barriers hinder progress
EIT InnoEnergy is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union.
Together, the two facilities will have an installed capacity of more than 2.8 MWp, generating more than 3 GW/h per year.
The company is also launching the new Rețele Electrice Romania website, www.reteleelectrice.ro, with a series of new features.
Through its new business line, Simtel offers integrated solutions tailored to the specific needs of each client.
The works will consist of the construction of two new medium voltage lines that will have a length of 13.5 km.
Nokian Tyres new passenger car tire factory in Oradea, Romania will operate entirely without fossil fuels
The transaction adds to a record portfolio of nearly 5 GW of renewable energy projects advised in 2024, across various areas.
The Agreement's key priority is the expansion of the existing exploration and production cooperation and the application of MOL technology in Kazakhstan.
Project will be co-financed from an EU program run by the Romanian Ministry of Energy.
The AADMS Integrated Platform, with the power grid analysis and modeling modules, will be realized through European fund.
Rompetrol Rafinare announces a turnover of 3.57 billion dollars and losses of 66.7 million dollars in the first 9 months of the year.
The Group's management updates the Strategic Plan targets for the period 2025-2027.
In terms of operational highlights, the owned renewable energy sources (RES) production registered a 38% YoY increase in the first nine months of 2024.
The wind turbine installed by Eurowind Energy is the first of a total of 8 Siemens Gamesa SG 6.6-170 turbines, the largest type of wind turbine generator in Romania.
The project brings energy cost savings of around €100 000 per year and over €2.5 million over the lifetime of the system.
Since 2004, the company has carried out over 12.5 million technical analyses, directly supporting the Petromidia Navodari and Vega Ploiesti refineries.
For the third quarter, the company reported a CCA operating result excluding special items of RON 1.6 billion, down 36%.
With an installed capacity of approximately 710 MW, the photovoltaic parks acquired by OMV Petrom are among the most important projects of this type in South-Eastern Europe.
Romania's annual inflation rate climbed unexpectedly to 5.5% in May, up from 4.9% in April, driven primarily by increases in food and services prices.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
EDP, through its subsidiary EDP Renewables, has opened its largest solar park in Romania, located in Albina, taking its total solar and wind capacities in the country to 570 MW.
The German tech company cbs purchased the SAP division of Romanian company SkyConsult, marking its entry into the local market.
Romanian tech company Metaminds, which supplies digitalization services for both the private sectors, named Ovidiu Ghiman as its new CEO, replacing Andrei Cruceru.