PPC Group has strengthened its renewable energy presence in Romania with a new 130 MW photovoltaic plant in Călugăreni, located 40 km south of Bucharest, which was recently connected to the grid.
Property Forum recently spoke with a prominent player in the Romanian property market, who asked to remain anonymous, about the systemic challenges facing development in the capital, which risks seeing billions of euros in new investments lost due to prolonged administrative blockages.
Local green energy developer Monsson and battery maker Prime Batteries have signed a memorandum of cooperation for the supply of 1,070 MWh of batteries.
Rompetrol Rafinare, part of the KMG International Group, has committed approximately $20 million to the ecological rehabilitation of the historical lagoons.
The European Union's Innovation Fund has selected Holcim Romania's Carbon Hub CPT01 project for funding, marking a significant step in its decarbonisation efforts.
Florentin Avădanei, Founder & Co-CEO at Goldbach Group, talked to Property Forum about the company's strategy of focusing on small urban and rural areas, their consolidation in 2024, and the future of physical retail in Romania.
Globalworth has renewed its Access4you certification for all 16 office buildings in its Romanian portfolio, totaling almost 500,000 sqm. The recertification, conducted with consultancy services from Colliers, marks the second three-year certification cycle for the leading office investor in CEE.
Greenvolt Next, part of the Greenvolt Group, has completed a new photovoltaic power plant.
PPC Renewables Romania is significantly expanding its renewable energy portfolio by launching the second phase of the Deleni Park wind farm.
Power group Electrica has initiated the permitting process for 15 battery energy storage parks (BESS) with a combined capacity of approximately 1 GWh.
Cushman & Wakefield Echinox has announced the appointment of Gabriel Vințe as Business Development Manager within its Project & Development Services (PDS) department.
SolarToday Eastern Europe, a provider of energy storage solutions, has successfully commissioned a 10.32 MWh utility-scale battery energy storage system (BESS).
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.
Visual Fan's Allview Energy division has completed a 1.96 MWp photovoltaic park project at the Cacica Salt Mine in Pârteștii de Jos, Suceava County.
A new policy position paper published by the Energy Policy Group (EPG) highlights the challenges and provides recommendations for implementing RAAs.
Oil major OMV Petrom has announced the completion of its acquisition of a 50% stake in the Gabare photovoltaic project, which is being developed by Enery in Bulgaria.
Romanian engineering and green energy group Simtel Team has announced the signing of a significant contract valued at €43 million (excluding VAT) with Hepa Energy, owned by a lead company from Israel.
Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.
Germany-based energy company E.ON has issued €1.1 billion in green bonds through a public transaction.
Nicolae Ciobanu, Managing Partner – Head of Advisory at Fortim Trusted Advisors, talked to Property Forum about the firm's growth in office leasing and land transactions, as well as the outlook on rents and the role of the defense sector in boosting industrial demand going forward.
BT has completed CEE's largest Additional Tier 1 (AT1) bond issuance, raising €500 million in the international capital markets.
Over 87% of Romanians have applied energy reduction measures in recent months at their homes or businesses, while more than 60% are interested in investing in energy efficiency projects...
The EY Entrepreneurship Barometer reveals that 60% of Romanian entrepreneurs plan to invest in innovation, even as 63% consider the business environment unfavourable.
Rețele Electrice Romania has begun implementing a new advanced automated distribution management system (AADMS).
Premier Energy has acquired a 100% stake in a 200 MW battery storage system development near Iași, Romania. The ready-to-build project has a capacity of 400 MWh.