Tag: energy (163 articles)

Energy   |   25 June, 2026 at 5:08 PM

CIP reaches financial close on 392 MW Romanian wind project

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), announced financial close for the 392 MW Peștera II onshore wind project in Constanța County. The project represents one of the larger investments in new renewable energy infrastructure in Romania and one of the larger project finance transactions in CEE.

Energy   |   24 June, 2026 at 4:30 PM

Hagag Energy names new gas division COO

Hagag Energy, the energy investment platform of international investor Hagag Europe, has appointed Pavel Ciubotaru as Chief Operating Officer (COO) of its Natural Gas Division.

Energy   |   22 June, 2026 at 11:28 AM

Polytrade Global triples revenue in 2025, eyes European push

Polytrade Global, a Romanian group specialising in energy infrastructure, the supply of electrical equipment, and renewable energy projects, closed 2025 with a turnover of around €21.5 million, a 173% increase on the previous year, and a net profit of €579,000.

Energy   |   22 June, 2026 at 9:38 AM

OMV Petrom completes €140 million investment at Petrobrazi refinery

OMV Petrom, an integrated energy producer in South-Eastern Europe, commissioned a new aromatics unit at Petrobrazi, following an investment of around €140 million. The unit has a capacity of 150,000 tons per year of toluene and benzene, improving the refinery's production mix and energy efficiency while reducing environmental impact.

Energy   |   17 June, 2026 at 6:17 PM

OMV Petrom locks in €800 million biofuels supply deal

OMV Petrom concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) to be produced at the Petrobrazi refinery.

Energy   |   16 June, 2026 at 3:00 PM

EBRD lends €57 million to Delgaz Grid for investments

The European Bank for Reconstruction and Development (EBRD) is providing a loan of RON 300 million (€57 million equivalent) to Delgaz Grid, an electricity and gas distribution company operating in Romania, to support energy security.

Industry   |   28 May, 2026 at 7:15 PM

Electro-Alfa International posts 12% revenue growth in Q1 2026

Electro-Alfa International, a Romanian manufacturer of electrical equipment and provider of EPC and IT services, reported revenue growth and profitability for Q1 2026. The company's total revenues reached €25.7 million, up 12.2% compared to Q1 2025. Net profit increased by 2.9% to €6.2 million, supported by a 2% increase in EBITDA, which reached €10.6 million.

Energy   |   25 May, 2026 at 7:00 PM

Hidroelectrica awards €30 million solar plant contract

Hidroelectrica has signed a contract for the turnkey development of the Tudor Vladimirescu Photovoltaic Power Plant in Brăila County, marking a step in the company's strategy to diversify its renewable energy generation portfolio.

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Industry

Deloitte names new leader for its tech hub in Romania

Deloitte Technology Delivery Center announces the appointment of Emilia Dumitrescu as Managing Director, effective June 2026. She has also been promoted to Deloitte Partner and succeeds Marcus Williamson, Partner, Deloitte UK, upon the completion of his three-and-a-half-year mandate.