Energy | 27 March, 2026 at 5:37 PM
Electrica CEO mandate extended
Electrica's Board of Directors has approved new four-year mandates for its top executive leadership following a meeting on 27 March.
Electrica's Board of Directors has approved new four-year mandates for its top executive leadership following a meeting on 27 March.
Romanian energy group Electrica achieved record financial results in 2025, with preliminary net profit reaching RON 1.22 billion (€245 million), representing a 159% increase compared to 2024.
Electrica has signed a memorandum of understanding with steel maker Liberty Galați for the joint development of renewable energy production and storage capacities of up to 500MW.
Power group Electrica has initiated the permitting process for 15 battery energy storage parks (BESS) with a combined capacity of approximately 1 GWh.
Power producer Electrica has finalized and commissioned a photovoltaic park with a capacity of 27 MW in Satu Mare county.
State-owned energy companies Electrica and Romgaz have signed a Memorandum of Understanding to jointly develop green energy projects with an installed capacity of up to 400 MW.
Romanian electricity major Electrica Group has announced a substantial increase in its financial performance for H1 2025, with a net profit reaching RON 421.4 million.
Power company Electrica has announced that its green bond issue worth €500 million will start trading on the Luxembourg Stock Exchange.
Power company Electrica has successfully priced its inaugural €500 million green bonds, with a five-year maturity, at a competitive 4.566% yield.
Electrica's Board of Directors has approved a 10-year Distribution Network Development Plan (2026-2035) for its subsidiary, DEER.
Electrica has signed a syndicated loan agreement worth RON 3.1 billion (€620 million), in a deal coordinated by BT and BCR, with Raiffeisen Bank acting as Sustainability Agent.
Electrica saw a net profit of RON 376.5 million (€75.5 million) in 2024, down 39.3% compared to 2023, while its operating revenues totaled RON 10.87 billion (€2.1 billion).
Electrica's shareholders have approved the issuance of green bonds, supporting the company's strategy for energy transition and sustainable development, with a cap of up to €500 million.
Schoenherr Romania successfully assisted Societatea Energetica Electrica in winning a long-term administrative contentious litigation case, with a stake worth €46 million.
The gross dividend proposed to be distributed from the individual profit is RON 0.1178 per share, and the total gross value of the dividends is RON 40 million.
DS Smith, the producer of packaging solutions, is investing over €14 million in its Romanian production infrastructure.
Romania recorded the most significant increase in industrial electricity costs across the EU during H2 2025, according to data released by Eurostat.
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Vienna Insurance Group (VIG) to acquire approximately 10% of the shares of Carpathia Pensii, a Romanian private pension company.
New car registrations in Romania increased by 2.7% in April compared to the same period in 2025, while electrified vehicles reported a 26% increase and a 68% market share, according to preliminary data from the Association of Car Producers and Importers (APIA).
Romania's trade deficit fell 9.3% to €7.7 billion in the first three months of 2026, down €792.1 million compared to the same period in 2025, according to data published by the National Institute of Statistics (INS).