The Greek group PPC, which bought Enel Romania last year, completed the acquisition of the 84 MW wind farm owned by Lukoil in our country. PPC plans to commission 1,300 MW of renewable capacity in Romania in just three years. PPC announces that it has completed, through its subsidiary PPC PPC Renewables, and after fulfilling the usual preconditions for such transactions set out in the previously signed agreement, the acquisition from the European subsidiaries of the Lukoil Group, of a 100% stake in Land Power S.R.L. , which operates a wind farm in Romania with a total installed capacity of 84 MW, according to a company press release. The wind farm is located in the towns of Dorobantu and Topolog, Tulcea, in a region in Romania with the best wind conditions and generates more than 200 GWh of electricity per year. The transaction was carried out through a competitive process, with the participation of international companies, during which PPC Renewables was selected as the preferred bidder. Kommunalkredit Austria AG acted as exclusive financial advisor to the buyer and CMS Cameron McKenna Nabarro Olswang LLP SCP and Milbank LLP acted as counsel to PPC Renewables. The renewable energy production capacities of the PPC group, which took over Enel’s business in Romania last year, will reach a level of almost 2 GW in Romania, as a result of the increase in investments to unprecedented levels, according to the plan announced by PPC in month January.
NASTY, the new documentary that showcases the life and career of Romanian legend Ilie Năstase, the “bad boy” of tennis, will be released on the Max streaming platform in May. Co-produced for Max by HBO Documentaries Europe and Libra Films, the documentary will be released in 23 countries in the week of the launch of the […]
Symphony of Water/Simfonia Apei, the water, music, and light show at the Urban Fountains in Unirii Square, downtown Bucharest, starts a new season this week. The fifth edition is scheduled to kick off Friday, May 17. The roughly 45-minute shows will have different themes, celebrating local stars from sports, science or art,
Over 260 objectives in 32 counties and in Bucharest can be visited during this year’s Night of Museums, which will take place on Saturday, May 18. This year's edition is an anniversary one, as it marks 20 years since the Night of Museums was first held in Romania. Locations in cities like Brașov, Sibiu, Ploiești, […]
The private medical sector is also making waves in real estate, according to an analysis by iO Partners, which says that major chains of private clinics and hospitals in Bucharest currently occupy spaces totaling over 215,000 sqm. About 40% of this area, equivalent to 86,000 sqm, comprises spaces leased in modern office buildings, often strategically […]
Romanian emotions/emoții românești, a special temporary exhibition on wildlife in Romania, opens this week at the Antipa Museum in Bucharest. The opening of the show, which features 30 images captured by photographer Rareș Beșliu, is scheduled for Thursday, May 16. The images are part of the emotions/emoții photobook, where readers...
Romania, one of the main source countries for victims of human trafficking in Europe, launched this week a new national strategy to tackle the phenomenon over the 2024-2028 period. According to prime minister Marcel Ciolacu, who was present at the launch on May 13, roughly 500 Romanians fall victim to human trafficking each year. "Unfortunately, […]
