Romanian town Iasi installs smart waste bins with solar panels, Wi-Fi
The Romanian town of Iasi has installed smart waste bins, which have a solar panel for power, a collection capacity eight times higher than the classic ones, and also serve as Wi-Fi hotspots, according to local media. The procurement of the smart bins cost Iasi over EUR 200,000 The Romanian town has deployed 30 such […]
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 services and electric mobility infrastructure. Marking 15 years since the entry into Romania, E.ON said its priority has been the rehabilitation and modernization of distribution […]
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 assets in Romania, values them at EUR 1.07 billion against the book value of EUR 15 billion A consortium established by Hidroelectrica, Electrica and SAPE […]
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 the local media, the company is also negotiating the acquisition of several other facilities including the 45 MW Dorobanţu wind farm and PV farms controlled […]
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 part of state-owned companies and the measure includes the initial public offering – IPO planned for Hidroelectrica. The opposition, led by Social Democratic Party (PSD), […]
Romania allocates EUR 52 million in 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 one and a half years after launch. EU funds cover as much as EUR 4,100 or 90% of the cost for the installation of photovoltaic systems per […]
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 two units in the project have already been installed and commissioned in Bulgaria, in Daskalovo (Struma Highway) and Golyamokonarsko road (near Plovdiv). The project will […]
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. Romania’s state-owned utility Hidroelectrica, which has an ambitious long-term diversification plan, may have to expand without Enel’s assets. The largest foreign investor in the country’s […]