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IKEA Vestas

September 13, 2019

IKEA parent confirms acquisition of Vestas’ 80% stake in Romanian wind farms

Ingka Group, the parent company of Swedish furniture giant IKEA, has confirmed in a press release it has reached an agreement with Denmark’s Vestas Wind Systems to acquire an 80%…

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Green Group

September 12, 2019

Syndicated loan for Green Group signals stronger backing for sustainable economy

Green Group, which gathers six Romanian companies specialized in waste collection and recycling companies, has secured Romania’s first syndicated loan signaling the local banking sector’s more significant involvement in the…

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CEZ

September 11, 2019

Europe’s largest on-shore wind farm is on sale – CEZ starts divestment in Romania

Czech energy company CEZ has officially launched the divestment process in Romania, offering seven companies in the country including Europe’s largest on-shore wind park Fantanele-Cogealac, with 600 MW of installed…

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assets

September 6, 2019

Italy’s Enel launches sale of Romanian assets

Italian energy company Enel has initiated the sale of its assets in Romania, Reuters has reported. Just a week ago Romanian state-owned power utility Hidroelectrica invited bids to select an…

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power plants

September 4, 2019

Vestas sells majority stake in three wind power plants in Romania

Vestas has entered into an agreement to sell 80% of its shares in the subsidiaries owning the Romanian wind power plants Pantelimon, Pegasus, and Apollo to a non-disclosed buyer for…

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September 3, 2019

E.ON Romania names Manfred Paach new CEO, as Frank Hajdinjak steps down

As of October 1, Manfred Paach will serve as new CEO of German power utility E.ON’s operations in Romania. He will take over from Frank Hajdinjak, who has held the…

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IPO

August 28, 2019

Hidroelectrica to launch IPO in September 2020

Romania’s state-owned power utility, Hidroelectrica, will launch an initial public offering (IPO) on the Bucharest Stock Exchange in September 2020, local media reported. According to Hidroelectrica CEO Bogdan Badea, the…

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Mercedes-Benz Citaro hybrid buses

August 20, 2019

Mercedes-Benz to supply 130 Citaro hybrid buses to Bucharest

Mercedes-Benz has won the sole bid to supply the Bucharest municipality with 130 Citaro hybrid buses. The German automotive company will supply Bucharest with 130 Citaro hybrid buses for RON…

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Hidroelectrica CEZ

August 14, 2019

Hidroelectrica eyeing CEZ, Enel assets in Romania

Following power distribution and supply company Electrica, another Romanian state-owned energy company, power producer Hidroelectrica, has revealed it is eyeing Czech energy company CEZ’s assets in Romania, as well as…

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CEZ Romania loss decreased wind power generation

August 6, 2019

CEZ Romania swings to net loss in 2018 on decreased wind power generation

Czech energy company CEZ Group in Romania posted a net loss of RON 50.3 million (about EUR 10.6 million) in 2018, compared to a net profit of RON 421.2 million…

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Romania

July 31, 2019

Romania, Slovenia among five countries eyeing new European Commission’s energy portfolio

Five EU member states, including Estonia, Latvia, Romania, Poland, and Slovenia, are interested in getting the energy portfolio in the next European Commission, HotNews.ro reported. The candidates for European energy…

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Spark

July 11, 2019

Lithuanian-Bulgarian startup Spark launches EV sharing service in Bucharest

Spark, a Lithuanian-Bulgarian startup, has officially launched an electric car sharing service in Bucharest. Customers with the Spark mobile app, a driving license, and a bank account can rent one…

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