The new photovoltaic park will generate a significant amount of green energy annually, reducing the carbon footprint and diversifying the energy sources available in the market.
The network in the area will be extended by more than 32 km for the medium-voltage segment and by another 8 km for the low-voltage segment .
The total value of the tender is almost RON 70 million, while the value of the project is RON 74 million, of which RON 57.7 million will be provided by the Modernization Fund.
The project brings to the forefront state-of-the-art solutions for increasing energy efficiency in buildings through a series of events organized in six Romanian cities.
MOL produces 1,600 tonnes of green hydrogen per year using electricity from renewable sources.
With this strategic investment, the company reduces its CO2 emissions by 150 tons annually.
Premier Energy Group maintained a highly liquid financial position, with approximately €109 million in net working capital and cash balance as of the end of the first half of 2024.
The project is adjacent to another solar plant that Nofar Energy has previously bought from the same seller.
The purchase of modern equipment will significantly contribute to increasing protection against overloads and short circuits.
The company Rețele Electrice Muntenia, has launched, the procedure for the acquisition of works worth RON 45.8 million, the beneficiary being the operator Rețele Electrice Banat.
As anticipated, the Group's adjusted EBITDA of approximately €4.9 billion for the first six months of 2024 was below the high level recorded in the previous year.
The financial results were influenced by the planned shutdown of the Petromidia refinery, between March and May 2024.
Consumer Services' results increased predominantly thanks to higher fuel sales volumes and the improvement in non-fuel margin.
The acquisition marks Entek's entry into the Romanian energy market, with a transaction value of approximately €32.9 million, subject to closing adjustments.
Clifford Chance Badea advised PPC Group throughout the entire transaction, providing support on aspects of due diligence.
PPC is among the leading companies in the Greek market, according to the "ESG Transparency Methodology", with respect to the metrics outlined in the “ATHEX ESG Reporting Guide".
The project aims to modernize the electricity distribution infrastructure in the area located at altitude, within the radius of the municipalities of Slatina Timiș, Brebu Nou.
The total value of the investment projects that will be financed including with the help of the mentioned credits is RON 1.44 billion.
Restart Energy has completed more than 150 PV projects and more than 50 MW installed with the capacity to produce 20.54 GWh and avoid 13,411 tons of CO2 emissions.
More and more people want to get rid of bills and be energy independent as demand for solar panels has tripled.
The holding is developing a decarbonization plan with the objective of reducing the carbon footprint by 20% by 2030.
The deal is expected to close after obtaining necessary approvals from the relevant regulatory authorities, and of the project permits for construction readiness.
The company plans to expand its portfolio through both greenfield projects and co-development opportunities.
The US, China, and Germany retain the top three spots in the Renewable Energy Country Attractiveness Index due to strong policy support
Private equity fund MidEuropa has agreed to sell private healthcare chain Regina Maria to Mehiläinen Group, the largest private healthcare provider in Finland backed by investment fund CVC.
Romania's informal economy represents about one eighth of its GDP, according to an EY report.
Carrefour Romania has announced the appointment of Anne-Sophie Bauwens as its new CFO and Member of the Executive Committee.
Public food service company Sphera Franchise Group has earmarked approximately RON 100 million (around €20 million) for investments in 2025.
Vista Bank Romania has agreed to take over the loan portfolio of Eurobank's former subsidiary in Romania Bancpost.