Monsson has successfully transferred 100% of the shares of a 50MW solar park located in the Chisineu-Cris area, Arad County. The project is fully authorized, and NEPI Rockcastle is scheduled to begin construction in January 2025. “We are happy and proud to have started this cooperation with NEPI Rockcastle, the largest owner, operator, and developer of shopping centers in Central and Eastern Europe. As we have anticipated for some time, the moment has come for large consumers to invest in renewables to optimize their own consumption, and this is certainly just the beginning,” says Sebastian Enache, board member of Monsson. The 50MW project in Chisineu-Cris (Arad County) is part of Monsson’s portfolio since 2022, and in 2024, it obtained the construction permit and signed the grid connection agreement. Thus, all conditions have been met to begin construction in 2025. The project also includes an energy storage unit, designed to optimize the operation of the photovoltaic park and contribute to the balancing of the national energy system, as all of Monsson’s projects have achieved in recent years. “Our green energy program is advancing in three major phases. The first phase, completed in the first half of 2024, involved the installation of photovoltaic panels at 27 locations in Romania, with a total capacity of 38 MW, generating revenues of 7.3 million euros in the first nine months of the year. In the second phase, we will install photovoltaic panels at properties we own outside of Romania. The design concept has been completed for 24 locations that have already been identified and are in the permitting or construction phase. In the third phase, we secured a location for a 50 MW project in the western part of the country in partnership with Monsson, which will start in the near future. Furthermore, we are already analyzing a second location with a potential of over 100 MW, for which we have allocated nearly 100 million euros,” says Andrei Radu, Group Development Director, NEPI Rockcastle.
The magic of Disney returns to Bucharest as Aladdin – Live to Film Concert takes the stage at Sala Palatului on October 10. Romanian audiences are invited to relive one of Disney’s most beloved animated classics in a special musical and cinematic experience. The original 1992 Aladdin film will be projected in full on a […]
The UNESCO Global Geopark Ținutul Buzăului in Romania has inaugurated a new interactive visitor center in the village of Bozioru, offering a modern and immersive experience into the region’s unique geological and cultural past. Named Povestea Trovanților/The Trovants’ Story, the center tells the secrets of the mysterious stone formations known as trovants and the prehistoric […]
Pluxee, a global player in employee benefits and engagement, announced the signing of an agreement to acquire MyBenefits, a fast-growing Romanian company that has developed innovative technology to provide a flexible offering of employee benefits. The transaction builds on a partnership between the two companies. The deal is subject to approval by the Romanian regulatory […]
OMV Petrom, the largest integrated energy company in Southeastern Europe, announced Thursday, July 3, the discovery of a new natural gas reservoir in Spineni, a locality situated about 70 kilometers northeast of Craiova, southwestern Romania. The find was confirmed following the drilling of the 1 Spineni exploration well to a depth of approximately...
Romanian president Nicușor Dan, along with prime minister Ilie Bolojan and other officials, participated at a reception on Wednesday, July 2, to mark the US Independence Day. During the reception, they underlined the importance of the relationship between Romania and the US. The Romanian president noted that the United States is Romania's most important ally […]
Romanians spent roughly EUR 40 billion in large retail chains last year, representing an increase of 7.1% year-over-year. The 2024 growth rate marked a slowdown compared to 2023 (+11.1% vs. 2022) but remained above inflation, according to the Romania Retail Snapshot 2025 produced by real estate consultancy company Cushman & Wakefield Echinox. Major food stores […]
