Renewable energy report Romania and
investment opportunities in solar projects in Romania
Nr. 03/2014 Iunie
1.
Seminar 5 June 2014 Belgium
2.
Opportunities and projects renewable energy Romania
3.
Market intelligence: news on wind energy solar energy
in Romania and other renewable energy projects in Romania
We have
missed some unsubscribes as we have given the mailings for the seminar to an
external company. Our excuses if you receive this newsletter again. If you want
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1.
Seminar 5 june 2014 in Belgium
We have the belief that energy will be a
considerable cost factor in the near future. Companies should start to work on
energy plans as the cost of energy will rise in the coming years. Investors
in re-energy on the other hand should act now and prepare for the shift to
green energy and autonomous energy production. We offer a variety of services
in the re-energy domain.
We have been promoting romania at our seminar on 5 June in Belgium in the
Maaltebrugge castle.
You can see some pictures at:
2.
Opportunities and projects renewable energy Romania
Ready to build projects:
20131002 Covasna county: 2.9 MW
The project is made for building a photovoltaic park,
producing energy and connecting with the National Energy System.
Location: Covasna County
Land: superficies agreement
Type: ground base
Surface: 7.6 ha
Installed power: 2.9 Mw
Output power: 2900 kW
Stage: fully permitted, ready to construct
20131007 Arges county: 2.2 MW
The project is made for building a photovoltaic park,
producing energy and connecting with the National Energy System.
Location: Arges County
Land: sales agreement
Type: ground base
Surface: 39.3 ha
Installed power: 2.2 Mw
Output power: 2000 kW
Stage: fully permitted, ready to construct
20131008 Arges county: 0.99 MW
The project is made for building a photovoltaic park,
producing energy and connecting with the National Energy System.
Location: Arges County
Land: superficies agreement
Type: ground base
Surface: 5.26 ha
Installed power: 0.99 Mw
Output power: 990 kW
Stage: fully permitted, ready to construct
20131009 Arges county: 2.2 MW
The project is made for building a photovoltaic park,
producing energy and connecting with the National Energy System.
Location: Arges County
Land: sales agreement
Type: ground base
Surface: 5.7 ha
Installed power: 2.2 Mw
Output power: 1980 kW
Stage: fully permitted, ready to construct
20131010 Arges county: 2.5 MW
The project is made for building a photovoltaic park,
producing energy and connecting with the National Energy System.
Location: Arges County
Land: sales agreement
Type: ground base
Surface: 4.0 ha
Installed power: 2.5 Mw
Output power: 2300 kW
Stage: fully permitted, ready to construct
20131125 Arges county: 2.75 MW
The project is made for building a photovoltaic park,
producing energy and connecting with the National Energy System.
Location: Arges County
Land: sales agreement
Type: ground base
Surface: 5.5 ha
Installed power: 2.75 Mw
Output power: 2470 kW
Stage: fully permitted, ready to construct
Turn key projects:
We have 3 turn
key solar plants for sale in Romania in Constanta county.
1 PV plant of
4.5 MW*
We are looking
for funds or other investors to buy them ( Alt - Energy funds, Energy Funds,
Pension Funds, etc...private investors with own equity). They are compliant
with the EU and Romanian regulations in place. The solar plants are delivered
by an asset deal (sharedeal) in Q4 of 2013 depending on the project execution
(ongoing). The are located beside the Romanian Caost line at he Black
Sea. We ask that only serious investors react. We only deal directly with the
investors.
3.
Market intelligence: news on wind energy solar energy
in Romania and other renewable energy projects in Romania
Lukerg Renew secures EUR 67 mln financing
for Romanian wind farm
Lukerg Renew,
the joint venture comprising Italy’s Erg Renew and Russia Lukoil Energo,
announced it reached a financing agreement with two banks for building the
Gebeleisis wind farm with an installed capacity of 70MW in eastern Romania.
The renewable
developed has secured a loan worth EUR 67 million with a maturity of 11 years
from Raiffeisen Bank International and ING Bank.
At current
industry prices, Lukerg’s wind farm requires an overall investment of EUR 112
million. The farm was acquired last year from Vestas, in a deal worth EUR 137.5
million.
Romania reached
2,792MW of incentivized wind capacities by February 2014, according to grid
operator Transelectrica.
CEZ might sell its wind-power generation
unit in Romania
CEZ is thinking
about selling the wind farm it owns in Romania, located at Fantanele and
Cogealac.
The company
could sell its entire Romanian wind-power generation unit on the condition that
it gets a “good offer”, but is also
entertaining bids for minority stakes, said Tomas Pleskac, head of CEZ’s
international division.
So far, several
international institutional investors expressed interest for CEZ’s Fantanele
and Cogealac wind power plants in Romania, Pleskac added. No details were
offered regarding the value of the offers received.
The CEZ official
underlined that his company is not under pressure to sell its Romanian
operations, all talks being in preliminary stages.
He also stated
that despite the challenges in collecting fees related to renewable-energy
subsidies in Romania, the payment conditions with major clients in the country,
such as the state-owned railway company or postal service, are improving.
“The Romanian
wind park continues to produce power and would offer a potential investor a
very sure return,” he added, quoted by Wall Street Journal.
Romania to exempt heavy industry from
green energy costs
Romania plans to
exempt large industrial energy users from paying up to 60% of their renewable
energy costs for 10 years, the economy ministry said on Thursday (17 April),
hoping to avoid the threat of job cuts in an election year.
“Beneficiaries
will pay the following percentages for the number of green certificates: 15
percent in the case of an electro-intensity bigger than 20 percent, 40 percent
for an electro-intensity of 10-20 percent and 60 percent in the case of an
electro-intensity of 5-10 percent”, according to the law project.
The draft
decree, now up for public debate, would be the latest in a wider set of
measures the leftist government has enforced this year, in order to help
industrial consumers cope with high power and gas bills. Its availability would
stretch over 10 years and European Commission approval is required.
The scheme gives
developers green certificates for each megawatt generated, and forces power
suppliers and large industrial users to buy them based on a gradually
increasing annual quota set by the country’s energy regulator.
“It is important
to create the conditions necessary to maintain local industry output,” Economy
Minister Constantin Nita said in a statement.
Nicolescu: We can’t afford to support new
renewable energy projects
The support
scheme for renewable energy projects needs to be adjusted, seeing as Romania
can’t afford to support future investments in the field, according to Razvan
Nicolescu, the delegate minister fo Energy.
“The first week
in office, I created a work group for this project. We need to send a very
clear and honest message. We have to say that we won’t support the installation
of new production capacities for renewable energy. We can’t afford it and that
is one of the first conclusions we drew after discussing Romania’s future
energy strategy. We can’t afford it, especially when it comes to wind farms and
solar energy, because biomass is another story“, Nicolescu said for
economica.net.
The minister also
said that although Romania had the least to do in terms of growing it’s
production capacity for renewable energy, it afforded investor the most
benefits, which led to a boom in the field.
“The support
scheme is not sustainable, we rushed in, we didn’t have the necessary
experience to establish a more prudent process, that was achievable. Of course,
we weren’t the only ones who made this mistake: Italians, Spanish also rushed
and they started to adjust their support schemes”, the minister added.
The share of
electricity produced through renewable sources reached a level of 41 percent in
2013, overshooting the target of 38 pct assumed by Romania for 2020, according
to a document from the Department of Energy released a short while ago.
Romania pledged
in front of the European Union that 24 pct of all energy consumption
(electrical, thermal, all types of fuel) will come from renewable sources by
2020. ANRE announced recently that the target has already been met on January
2014.
Monsson Group buys controlling stake in
Emon Electric
Romania’s
Monsson Group, the wind energy developer, said on Monday it acquired a
controlling stake in Emon Electric, a provider of energy infrastructure
services, for an undisclosed sum in a bid to expand its support business for
wind players.
The group has
developed over 2.4GW worth of wind installations in the last decade, including
the 600MW wind project sold to Czech utility CEZ.
“We consider
that now we have completed the range of services offered to our clients and we
have extended the field of activities,” said Emanuel Muntmark, the group’s CEO.
“The know-how of
both companies will create a quicker response time and integrated solutions. In
our opinion, the export of services and products in the European Union is
vital, but not only,” he added.
Following this
acquisition, the group’s headcount has increased by 100 people to over 350
employees that will work on various areas including design, installation and
maintenance of wind farms and electrical installations.
“We will be able
to access a much wider range of clients being part of Monsson Group and bring
our know how of electrical installations that we have accumulated over a
decade,” said Mircea Solomon, CEO of Emon Electric.
The company has
worked on various industrial and electrical traction projects in Romania and
the EU, and has put online the electrical system of traction for TRAM Athens
Olympic Games from 2004, as well as the extension of Line 2 for the subway in
Athens.
Saving the planet: Romania posts one of
the highest reductions of CO2 emissions in Europe
Romania and
Bulgaria were among the EU countries who posted highest reductions of carbon
emissions last year, according to an Eurostat survey. All 28 member states did
their part to decrease carbon emissions in 2013, but the EU average was -2.5
percent.
The drop is
explained by the increase in renewable energy capacity contributing to reducing
the reliance on fossil fuels, as well as various EU energy efficiency
initiatives that aim to reduce emissions of CO2 and other greenhouse gases.
From 2012 to
2013 CO2 emissions from fossil fuel combustion decreased in nearly all member
states, except Denmark (+6.8 percent), Estonia (+4.4 percent), Portugal (+3.6
percent), Germany (+2.0 percent), France (+0.6 percent) and Poland (+0.3
percent). The largest decreases were recorded in Cyprus (-14.7 percent),
Romania (-14.6 percent), Spain (-12.6 percent), Slovenia (-12.0 percent),
Bulgaria and Greece (both -10.2 percent).
In absolute
value, seven EU member states produced 77 percent of all carbon emissions in
the Union – Germany produced 760 M tons (worst polluter), Great Britain – 455 M
tons, France – 346 M tons, Poland – 290 M tons, Spain – 224 M tons and the
Netherlands – 162 M tons.
Denmark posted
the highest increase of carbon emissions – by 6.8 percent, followed by Estonia
– by 4.4 percent, Portugal – by 3.6 percent, Germany – by 2 percent, France –
by 0.6 percent and Poland – by 0.3 percent.
Unilever inks food waste supply deal with
Genesis Biopartner Group
Consumer-products
giant Unilever has unveiled on Monday a new agreement with Genesis Biopartner
Group for the collection and transformation of expired food products into
renewable energy, as part of a sustainability plan.
The waste, which
includes expired ice cream and mustard from Unilever’s deposit in Aricestii
Rahtivani, will be turned into renewable energy at the Filipestii de Padure
plant in Prahova County.
The biogas
cogeneration plant was opened last summer, following a EUR 5 million investment
by Romanian holding Genesis Biopartner. The holding’s founder is German Michael
Dietrich, who also controls constructions group Baupartner.
The plant has 1
MW of installed capacity for electricity generation and 1.2MW for thermal
energy. Its first client was local meat producer Cristim, which uses the steam
for a nearby plant.
“Our
collaboration with Genesis Biopartner represents a step forward regarding our
local contribution to the sustainability program. We are glad that the food
waste from the Unilever deposit will be transformed now into essential
resources for the community and we aim to find this kind of solutions going
forward,” said Catalin Oprisan, supply chain manager of Unilever South Central
Europe.
Unilever aims to
reduce the impact on the environment of its whole production chain and reduce
the consumption of raw agricultural material, impacting over 1 billion
consumers by 2020, according to its Sustainable Living Plan (USPL).
Romania reached
around 100MW of incentivized biomass and biogas capacities by March 2014,
according to grid operator Transelectrica.
Crosspoint’s Chiorean to speak about
renewable energy financing in Turkey event
Ovidiu Chiorean,
the managing partner of Crosspoint Investment Banking, will attend a two-day
conference in Istanbul on the role of the private sector in developing
sustainable energy solutions.
Chiorean will be
panelist during the conference and will speak about the financing options for
renewable energy projects.
The event will
be attended by high rankings state officials, energy investors and financiers
from a series of states including Turkey, UAE, Russia, Ukraine and Croatia.
The opening
remarks will be made by Taner Yildiz, the Turkish minister of energy, and Taner
Yildiz, director of the infrastructure department at the Islamic Development
Bank.
Representatives
from the European Bank for Reconstruction and Development (EBRD), the European
Investment Bank (EIB) and Intentional Finance Corporation (IFC) will attend the
conference.
Crosspoint has
over EUR 400 million worth of investment projects under management in various
fields including solar energy and agriculture. Chiorean has over 15 years of
experience in advising clients on M&A, EU funds and banking. He has
previously worked for professional services firm Deloitte, Raiffeisen Bank,
Credit Suisse and ABM Amor Bank.
Editor:
Belgian Romanian Real Estate Chamber
Freddy Jacobs,
president
0032-478-331-799
0040-766-622-873
