NEPI Rockcastle buys solar project in Western Romania

Business Forum

26 November, 2024 at 10:48 AM

Property group NEPI Rockcastle has purchased a photovoltaic project in Arad County, Western Romania and plans to start its construction in early 2025.

The project with a planned capacity of 50MW has been part of the portfolio of local renewable energy group Monsson since 2022. This year, the project secured the construction permit as well as the power grid connection agreement.

Andrei Radu, Group Development Director of NEPI Rockcastle, said the group is analyzing a second location for a new photovoltaic project with a planned capacity of up to 100MW.

Sebastian Enache, Monsoon's Board Member, added that large energy consumers are starting to investment in renewable projects to streamline their operations and this trend is set to continue.

NEPI Rockcastle has developed solar plants with a combined capacity of 38MW in its Romanian retail projects and plans to extend this initiative in its international projects as well.

The group's revenue in the photovoltaic segment totaled €7.3 million in the first nine months of 2024.

Bucharest office developers resume construction activity

Office development activity in Bucharest accelerated over the past year, with the volume of projects currently under construction exceeding 200,000 sqm of gross leasable area, the highest level since 2021. At least eight new office buildings are expected to be delivered by the end of 2028, according to a report by Cushman & Wakefield Echinox.

Real estate

What the surge in technical services demand means for property investments in 2026

Andrei Ianculescu, Head of Project & Development Services at Cushman & Wakefield Echinox, talked to Property Forum about the expansion of design and ESG advisory services, the industrial and logistics sector's growth post-Schengen, and the importance of independent project management for tenant fit-outs. Ianculescu also emphasised the potential in secondary cities and the increasing relevance of aligning projects with sustainability standards.

Real estate

Nepi Rockcastle opens its first solar park in Romania

Nepi Rockcastle has inaugurated its first photovoltaic park in Chișineu-Criș, Arad County, Romania, marking a milestone in the shopping centre developer's sustainability efforts.

Real estate

Nepi Rockcastle raises €500 million from green bond sale

Nepi Rockcastle successfully issued a €500 million green bond that was eightfold oversubscribed, with an orderbook exceeding €4 billion from over 200 international investors.

Real estate

NEPI Rockcastle to deliver photovoltaic plant over 50 MW in Romania

NEPI Rockcastle a new 54.1 MW greenfield photovoltaic park in Chișineu-Criș, Arad County, as part of an investment program worth €110 million.

Real estate

Win an SEE Property Forum ticket by participating in our survey!

Join Property Forum's exclusive investment survey to voice your thoughts on the most pressing issues concerning the Romanian market. From inflation concerns to market expectations, your input will contribute to identifying trends, guiding decisions and shaping the course of Romania's investment journey. By sharing your perspectives, you not only contribute to shaping the future of the industry but also stand a chance to secure a free ticket to the highly anticipated SEE Property Forum & Awards Gala 2024 event.

Real estate

Cityring Property explores new resi investment in Bucharest

Romanian developer Cityring Property is exploring a new residential development on a land plot of 6.5 hectares in northern Bucharest close to Atria Urban Resort, where it launched the last development phase.

LATEST NEWS

11 Feb

Mortgage volumes in Romania hit record in 2025

11 Feb

PPC Renewables adds large battery storage to Romanian wind farm

11 Feb

GTC secures LEED certification for two office buildings in Bucharest

11 Feb

Bucharest office developers resume construction activity

10 Feb

Romania passes key OECD tax evaluation milestone

RECOMMENDED FROM THE HOME PAGE

Energy

PPC Renewables adds large battery storage to Romanian wind farm

PPC Renewables Romania will develop a 60.12 MWh battery energy storage system (BESS) at the Sălbatica 1 wind farm.

Economy

Eurostat: Romanian youth among lowest AI users in EU

Romania recorded the lowest rate of generative artificial intelligence (AI) adoption among young people in the European Union in 2025, according to data released by Eurostat.

Agriculture

Norofert launches capital raise for strategic growth

Norofert, the Romanian producer of organic agricultural inputs and biotechnology provider, has started a share capital increase to raise up to RON 9 million (€1.8 million) following approval from the Financial Supervisory Authority.

Economy

Romania passes key OECD tax evaluation milestone

Romania's Ministry of Finance has announced the adoption of a Formal Opinion by the Organisation for Economic Co-operation and Development (OECD) Committee on Fiscal Affairs, following the country's evaluation as part of its accession process to the OECD.

Economy