CEZ to build the largest onshore wind park in Romania

27/05/2010 14:44 Renewable


Wind power capacity in Romania will increase till the end of this year reaching 400 MW and by 2013 it will attain 2,000 MW, according to the national price regulator.

Romania is very attractive from the point of view of the investors due to wind power, an unexploited market and green certificate incentives which are very generous. According to the European Wind Energy Association, the EU state had installed 14 MW of wind power at the end of 2009. CEZ (Czech Power Company) is constructing in Romania the biggest wind onshore park in Europe. This is a two-phase project which will cost 1.1 billion euros. Spanish Iberdrola Renovables mentioned in a statement that by 2017 it will develop wind projects in Romania, this one becoming the largest wind energy market in the world.

Zimbabwe hikes average electricity tariff by 320% - energy regulator

09/10/2019 13:25:00

Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday.


Daily (09.10.2019): European carbon prices reached EUR 23 a tonne on Tuesday, on worries over Brexit negotiations

09/10/2019 10:50:00

Crude oil prices traded lower on Tuesday, after Donald Trump reported that a quick trade deal will unlikely happen soon. Meanwhile, oil prices were supported by protests in OPEC members Iraq and Ecuador, which threatened to disrupt their oil output. Hence, WTI futures fell by 0.2% to $52.63 a barrel, while Brent crude edged 0.2% down at $58.24 a barrel.


Ukraine to export natural gas to Moldova without Gazprom's involvement

09/10/2019 09:28:00

The Cabinet of Ministers has instructed NJSC Naftogaz of Ukraine to take measures to ensure natural gas exports to Moldova without the involvement of Russia's Gazprom.