Advising MORE in its first transaction on the local market, Clifford Chance Badea lawyers assisted the client in structuring and negotiating the related transaction documents.
Construction of the project began in May 2024 and is planned to be completed by the end of 2025.
The project also includes a connection contract to the network operated by Distribuție Energie Electrică Romania, ensuring the integration into the national system.
OMV Petrom is building a facility for the production of sustainable aviation fuels (SAF) and renewable diesel (HVO[1]) and two facilities for the production of green hydrogen.
The fuel supplier ran, between May 28 and June 10, an IPO through which it attracted RON 20 million.
Scheduled to become operational in 2025, the wind farm in Constanța County will incorporate a total of eight foundations corresponding to the eight turbines.
The value of the tender is RON 41.8 million, and the beneficiary of the work is the company Rețele Electrice Dobrogea.
This special equipment is designed and executed for operation at considerable temperatures and pressures, in an environment with the presence of hydrogen.
Restart Energy has so far completed more than 120 PV projects and more than 50 MW installed with the help of which 13,209 kg of CO2 emissions have been avoided.
For 2024, ED&C estimates a turnover of RON 9 million, consolidating its position as one of the most important players in its field, both nationally and regionally.
The three Rețele Electrice companies initiated a public tender on the SEAP platform, with a maximum cumulative value of around RON 190 million.
Rompetrol initiated the processes of restarting the production facilities at the Petromidia Navodari refinery, after the timely completion of the maintenance and modernization.
MOL Group Profit before tax reached $382 million in the first quarter of 2024, 18% and 29% lower quarter-on-quarter and year-on-year.
53% of customers served by Retele Electrice Muntenia, 50% of those in Banat and 59% of those in Dobrogea will have smart meters by the end of the year.
Saint-Gobain Romania and OMV Petrom sign an agreement for the purchase of electricity from renewable sources for all Saint-Gobain facilities at local level.
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.
Schoenherr Romania successfully assisted Societatea Energetica Electrica in winning a long-term administrative contentious litigation case, with a stake worth €46 million.
Econergy has announced that its 92MW solar park in Parau, Romania, has started commercial operations.
The electric mobility company within the PPC group of companies in Romania adopts a new brand identity – PPC blue.
Greenvolt Group, a leading international operator in the renewable energy market through multiple technologies, enters the Romanian market in the Distributed Generation segment.
MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources.
PPC group of companies in Romania has started its first image campaign, thus marking the transition to the new brand identity.
Nova Power & Gas salutes the successful conclusion of the IAEA Site Evaluation and External Events Design (SEED) Mission carried out by IAEA team of experts,
Nova Power & Gas, part of the E-INFRA group, has announced the commercial operation of Romania's largest battery energy storage facility, with a capacity of 200 MW and 400 MWh, located in Florești, Cluj County.
Vlasceanu & Partners has advised Econergy on a €40.5 million project financing from UniCredit Bank for the development of an 87 MW photovoltaic project in Oradea, Romania.
Romania leads the European Union in both VAT and corporate tax collection failures, losing approximately one-third of potential revenue from each tax, according to a European Commission analysis published this week.
Romanian farmers will gain access to additional financing through a €25 million loan from the European Investment Bank (EIB) to Agricover Credit IFN. The non-bank financial institution will channel the funds to micro agricultural businesses seeking to improve productivity and environmental sustainability.
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.