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German E.ON invest power distribution Romania

July 1, 2020

German E.ON to invest EUR 210 million in power business in Romania

E.ON earmarked EUR 375 million for capital expenditure by 2023 in Romania, of which EUR 210 million is for the electric power division. It is also developing energy products and…

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CEZ assets in Romania

June 29, 2020

State-owned firms bid jointly for ČEZ assets in Romania

Hidroelectrica, Electrica and SAPE may face E.ON and Allianz, India Power Corp. and MVM in the race for the Czech company’s seven businesses. ČEZ, looking for a buyer for its…

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Electrica-Group-Stănești-solar-park

June 26, 2020

Electrica acquires Stănești solar park, enters power generation market

Romanian power supply company Electrica Group has acquired 7.5 MW Stănești Photovoltaic (PV) Farm in a move that marks its entry in the power generation sector, namely renewables. According to…

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IPO of Hidroelectrica Romania sale of state assets

June 18, 2020

IPO of Hidroelectrica on hold as Romania bans sale of state assets for two years

The long-awaited stock market listing of the flagship hydropower producer in Romania was postponed yet again. Lawmakers in Bucharest voted to freeze all activity aimed at the privatization of any…

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Romania roof solar power grants

June 15, 2020

Romania allocates EUR 52 million grants to citizens for rooftop solar

The state fund responsible for the Casa Verde Fotovoltaice scheme in Romania approved 48.8% of applications for rooftop solar power systems in the first round of grants, completed only one…

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OMV-Petrom-Eldrive-to-install-30-charging-points-for-electric-cars-in-Romania-Bulgaria

June 1, 2020

OMV Petrom, Eldrive to install 30 charging points for electric cars in Romania, Bulgaria

Oil and gas company OMV Petrom and charging points operator Eldrive will install 30 fast-charging stations for electric vehicles (EVs) in OMV-branded filling stations in Romania and Bulgaria. The first…

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Enel scraps Romania asset sale, insiders

May 23, 2020

Enel scraps Romania asset sale plan, insiders tell local media

Anonymous people familiar with the matter revealed Enel is counting on Romania as a strategic market and that the management wouldn’t negotiate about stakes in its businesses in the country….

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Hidroelectrica first offshore wind park Black Sea

May 21, 2020

Hidroelectrica plans to install first offshore wind park in Black Sea

Romania’s biggest power producer laid out an ambitious long-term plan to its shareholders, leaning to a large extent on funds it expects from the European Green Deal. Hidroelectrica proposed to…

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Resalta venture Romania Next Energy Partners

May 12, 2020

Resalta establishes venture in Romania with Next Energy Partners

The energy services provider based in Ljubljana registered a company in Bucharest together with a domestic firm. Resalta said its joint venture in Romania would focus on photovoltaics, combined heat…

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EU-Court-of-Justice-Romania-air-pollution-Bucharest

May 5, 2020

EU Court of Justice says Romania failed to lower air pollution in Bucharest

Romania has not fulfilled its obligations to reduce air pollution, the Court of Justice of the European Union ruled. The country has systematically and persistently violated limit values for PM10…

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CE Oltenia suspending 13,000 workers as sales drop amid COVID-19

April 20, 2020

CE Oltenia suspending 13,000 workers as sales drop amid COVID-19

The government in Bucharest is paying employees on a leave of absence 75% of gross salary for the duration of the state of emergency. CE Oltenia, already strained by carbon…

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Romania temporarily prohibits sale majority stakes in energy companies

April 16, 2020

Romania temporarily prohibits sale of majority stakes in energy companies

Romania will maintain the state of emergency for at least one more month and until it is abolished, no energy firm can be taken over. Hidroelectrica will thus need to wait…

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