The project involves the phased construction of nine wind farms distributed across northern Botoșani County, with a timeline for completion extending to approximately 2031.
Expected to begin operating commercially by the end of 2025, the first phase of VIFOR Wind Farm will supply clean electricity to approximately 108,000 households.
It will help reduce Romania energy sector's carbon footprint by an estimated 500,000 tons of carbon dioxide equivalent emissions per year.
The project also includes a connection contract to the network operated by Distribuție Energie Electrică Romania, ensuring the integration into the national system.
The Urleasca wind farm is expected to make a significant contribution to Romania's renewable energy goals, with generation capacity of 292 GWh per year.
CMS has advised global energy company Iberdrola on the agreement to sell Eolica Dobrogea One wind company, their Romanian 80MW wind energy production facility.
Located in Tulcea, the wind farm generates more than 200 GWh of electricity per year.
Private healthcare chain Medicover has announced the acquisition of Synlab Group's local businesses in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia for €71.3 million.
Romania's insurance market saw a total volume of gross written premiums of RON 23.4 billion (€4.7 billion) during 2024, up 11% compared to the previous year, according to a report by the Financial Supervisory Authority (ASF).
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.
Low-cost airline Wizz Air has opened a new base at Bucharest Băneasa Airport, offering flights to seven destinations including Naples, London, and Budapest.
Romania's informal economy represents about one eighth of its GDP, according to an EY report.