Energy | 20 March, 2026 at 7:40 AM
PPC Group sees 25% profit hike in 2025
Energy group PPC achieved its 2025 targets with adjusted EBITDA reaching €2 billion and adjusted net profit of €450 million, up 25% year-on-year.
Energy group PPC achieved its 2025 targets with adjusted EBITDA reaching €2 billion and adjusted net profit of €450 million, up 25% year-on-year.
Oil major OMV Petrom has delivered the first electrolyser module for green hydrogen production at its Petrobrazi refinery, marking progress in the 20 MW green hydrogen project.
Romanian engineering group Simtel Team has reported a 68% year-on-year surge in preliminary consolidated operating revenue for 2025, reaching RON 605.7 million (€121.7 million).
Greek Helleniq Energy Group has purchased two wind projects in Romania and a photovoltaic project in the Bulgarian market as part of an international expansion.
Romanian engineering group Simtel Team has announced the acquisition of SMTL Solar Bughea, a company previously owned by Sergiu-Eugen Bazarciuc, one of the key shareholders of Simtel, for RON 32.2 million (€6.5 million)
Photon Energy and Hyperion Renewables have announced the signing of an EPC contract for a 34 MW photovoltaic project in Săliște.
Enexus, an integrated EPC company specializing in mid- to large-scale solar and storage projects, has announced a turnover of approximately €23 million.
The Ministry of Energy has launched the second auction within the state aid scheme in the form of Contracts for Difference (CfD) to support the production of electricity from wind and photovoltaic projects.
Romania's Energy Minister Sebastian Burduja said, “our national energy system is operating without any issues,” in response to the massive power outages reported in Spain and Portugal.
Oil and gas major OMV Petrom has announced that its wind and photovoltaic projects in Romania have a combined capacity of 2.4 GW.
Premier Energy has signed an agreement to acquire Distribuție Energie Oltenia (DEO) from funds managed by Macquarie Asset Management for approximately €700 million.
Romania's domestic energy production fell 2.1% in the first two months of 2026 compared to the same period last year, according to the National Institute of Statistics (INS).
Grup Șerban Holding announced that its subsidiary Interagroaliment has filed for insolvency proceedings on April 15, 2026, due to financial difficulties.
The EU employment rate reached over 76% in 2025, but Romania remains among member states with the lowest employment rates, according to data published by Eurostat on Friday.
The European Commission has opened an in-depth investigation into Romania's planned state support for refurbishing the Cernavoda 1 nuclear reactor, questioning whether the €3.2 billion aid package complies with EU state aid rules.