Enel Romania investing EUR 100 million in electricity network modernization in 2020
Enel Romania’s power distribution companies will invest about EUR 100 million during 2020 in electricity network modernization in the capital Bucharest and the ten counties in which they operate. The three E-Distribuţie companies make substantial investments in network modernization every year, according to Gino Celentano, general manager of the three companies, who added that the […]
Fool’s Gold: Financial institutions waste billions on coal, undermining climate action
European financial institutions and international investors and banks including BlackRock and Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies EUR 12 billion in investment, and EUR 9.8 billion in loans and underwriting in less than 1.5 years, according to a new report by Europe Beyond Coal and partners. Such […]
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 […]
Hidroelectrica initiates takeover of ČEZ, Enel’s facilities in Romania
The management of Speeh Hidroelectrica SA requested the goahead from shareholders to hire consultants and lawyers in the procedure it started with the aim to acquire assets from ČEZ Group and Enel SpA, counting on them divesting in Romania. The extraordinary meeting is scheduled for December 12. The hydropower plant operator also asked for a […]
Enel inaugurates Kafireas wind farm complex, largest in Greece
Enel Green Power Hellas S.A. (EGPH), a subsidiary of Italian energy company Enel, has connected to the grid its new, 154 MW Kafireas wind farm complex, which is the largest of its kind in the country. According to the company’s website, located in the municipality of Karystos (Evia), Kafireas involved an overall investment of around […]
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 capacity. The move comes just days after Italian energy company Enel initiated the sale of its assets in Romania. Romanian state-owned power utilities Electrica and […]
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 adviser for the acquisition of Enel’s and Czech energy company CEZ’s assets in Romania. The sale of Enel’s operations in Romania is being led by […]
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 assets owned by Italian energy company Enel in Romania, according to reports. Hidroelectrica, Romania’s largest power producer 80% owned by the state and 20% by […]
