Russian-Italian Consortium Plans To Invest 135 million In Romania

Lukerg Renew, a partnership between the Russian oil and gas firm Lukoil and the Italian energy group ERG, unveiled plans to invest around 135 million euro in a wind farm in the Tulcea region of eastern Romania.

Work on the new farm is to start in the next few months, while the project is expected to become operational next year. In recent years, Romania has become a lucrative market for energy investors, particularly for those interested in wind and solar power.

“The Romanian wind sector is very attractive and the growth outlook – wind conditions, regulations – grid make this sector one of the main investor targets globally,” Arne Osborg, chairman of Monsson Group, the biggest wind-park developer in Romania, told a seminar on Tuesday. Osborg said that Romania remains attractive for investors mainly because of its renewables incentive programme.

This grants “green” certificates for energy produced from renewable sources that power distributors must buy.

Official data show around 2,000 MW entered recently the national power system from renewable sources, while Romania is hosting other renewable energy projects with a potential output of 21,000 MW. Installed wind energy alone increased by around 112 per cent in just a year.

Source and Read More 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Future energy predictions: Growth of flexibility and grid forming

  It is well known that COVID-19 has caused low energy demand and the growth of renewable energy across Europe. Now, Andrew Tang, Vice President for Energy Storage at Wärtsilä, predicts this will result in swift action to build better grid resiliency. The share of renewable power across Europe has skyrocketed over the last six…

Read More

Ultracapacitor UPS (U-UPS) for voltage dips and micro-interruptions

Power interruptions are the most frequent power supply problems with wide-ranging consequences for industry. The causes of these interruptions include short-circuits in the distribution grid, lightning strikes, the connection and disconnection of power plants as well as volatile energy producers such as wind and solar. Because technologies and production processes are becoming increasingly complex, the…

Read More

Energy Storage Systems: the role of an Integrator

Simplifying BESS deployments by mastering their associated risks With the introduction of Battery Energy Storage Systems ‘BESS’, a new role has been created on the value chain. It is the role of a BESS integrator. The role of an integrator can be misunderstood at times or blended with other roles at other times. This is…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x