On 18 May 2022, the European Commission made public the REPowerEU Package, a cross-disciplinary effort meant to ensure the EU’s independence from Russian fossil fuels. However, the measures put forward by the European Commission also offer an in-depth look into the Union’s ambitions to accelerate the energy transition in the following decade(s). We extracted below …
Emergency Ordinance regulating foreign direct investments in Romania approved by the Government
On 14 April 2022 the Romanian Government has approved the long-awaited Emergency Ordinance establishing the measures for the application of Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the Union (“FDI Ordinance“). The initial draft of the …
Ministry of Energy launches a call for projects on “new production capacities for renewable energy”
On March 30, 2022 the Ministry of Energy announced that is launching a call for projects regarding production capacities from renewable sources (solar and wind), with a total budget of EUR 457,700,000 which will be financed through the Recovery and resilience plan for Romania (“PNRR“). Applications can be submitted during 31 March – 31 May …
Emergency Government Ordinance regarding the measures applicable to final customers of the electricity and natural gas market for the period 1 April 2022 – 31 March 2023, and amending other normative acts in the energy sector
On 18 March 2022, after much anticipation the Romanian Government approved Emergency Government Ordinance no. 27/2022 regarding the measures applicable to final customers of the electricity and natural gas market for the period 1 April 2022 – 31 March 2023, and amending other normative acts in the energy sector (“New EGO“). The New EGO was …
Long-awaited changes in the energy sector
On 31 December 2021, Emergency Government Ordinance no. 143/2021 amending and supplementing Law no. 123/2012 on electricity and natural gas (“EGO 143/2021”), entered into effect. It was a long-awaited amendment of Law no. 123/2012 on electricity and natural gas (“Law 123/2012”), since its main purpose was to implement Directive (EU) 2019/944 on common rules for …