Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search
Related Articles
Renewables count the cost of rate hikes
Levelised cost of electricity rises on higher cost of capital but renewables remain highly competitive against fossil fuels
US opens first California offshore wind auction
First lease sale on the west coast to be held in December
Energy crisis will not derail transition – DNV
Falling cost of renewables and rising carbon prices will outweigh short-term turbulence, risk management firm says in new forecast
Floating offshore wind capacity doubles in 2022
Sector is likely to continue to gain momentum as costs fall
Mainstream targets energy major status by 2030
New ownership positions renewables project developer for transition to long-term asset owner and operator
Cnooc ramps up wind development
Chinese state oil company following in footsteps of European counterparts as it looks to decarbonise its portfolio
RWE expands in US with $6.8bn Con Edison deal
German utility nearly doubles its US renewables portfolio with purchase of US’ second-largest solar operator
US takes on offshore permitting bottleneck
Funding boost for Bureau of Ocean Energy Management aimed at speeding up leasing and permitting of proposed projects
GE loses right to sell Haliade-X turbines in US
Rival turbine manufacturer Siemens Gamesa wins injunction based on patent infringement, with exceptions for projects already underway
Central Asia taps Saudi funds for renewables push
Saudi Arabia’s Acwa Power makes inroads in Central Asia through investment in renewables and green hydrogen
Romania Wind
Andreas Walstad
1 February 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Romania may pivot from offshore drilling to offshore wind

There is huge potential for offshore wind in the Black Sea, but the new government must quickly adopt a sound regulatory framework if it is to attract investors.

Romania has talked about expanding Black Sea production of oil and gas about for many years but—following a number of setbacks and delays—the discussion has recently moved increasingly towards the potential for offshore wind development. Several studies have highlighted the promising conditions for large-scale development of both bottom-fixed and floating installations, including the European Commission’s Offshore Renewable Energy Strategy. A recent study by Bucharest-based thinktank Energy Policy Group suggests the potential for offshore wind in Romanian waters is around 95GW. Nevertheless, plenty of political support will be needed to get major projects off the ground. Romania has a new go

Also in this section
China eyes global collaboration on CCUS
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
Nigeria bids to unlock carbon market billions
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
EU’s binding CCS targets: A burden or a blessing?
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
  • Podcasts
Search