Econergy, an investor, developer and operator in renewable energy projects across Europe, has announced the completion of an acquisition from Portland Trust of a ready-to-build 155MW solar photovoltaic (PV) project in Arges county, Romania with Nofar Energy. The total investment in the R?te?ti solar project will be €100m and will see Econergy and Nofar Energy acquire a 50% stake each in the project from Portland Trust. Econergy will also provide the management services, including EPC and O&M negotiations, construction management and PPA and project finance management. Once operational, Econergy shall also provide a long-term Asset Management service. The 155MW project will be the largest solar plant in Romania and will form part of Econergy’s 1.5GW solar pipeline under development in the country and part of its 6GW pipeline in Europe. The project has received all its required permits and construction is due to start in Q4 2021, with commercial operations expected to begin in Q4 2022. Upon completion the project is expected to provide power for up to 100,000 homes and will mitigate 168,000 tonnes of CO2, further supporting Romania’s decarbonisation target of securing over 30% of its energy needs from renewable sources by 2030. Eyal Podhorzer, CEO of Econergy said: “Econergy are pleased to be leading the development and construction of the largest solar PV project in Romania. Solar is a core technology for Econergy and will form a key part of our strategy to develop renewable energy projects across Europe in the coming months. Romania represents a key target geography for Econergy, and this acquisition builds on our reputation as a leading developer in the Romanian solar market with strong local development, management, and engineering specialisms.Part of our forward-looking strategy will involve continuing to invest in clean energy projects in markets such as Romania where changes to the regulations allow the industry to expand via PPAs, diversification of services to the grid and the introduction of other renewable energy technologies.”
ASSIST Software, a Romanian tech company helps turn artificial intelligence into a critical force for smarter, safer, and more efficient factories around the globe. Today, thanks to companies such as ASSIST Software, AI is a core driver of transformation in the global manufacturing industry, reshaping how factories operate, how supply chains respond, and how people […]
Romania’s modern retail market expanded to 4.73 million square metres by mid-2025, but remains unevenly distributed across the country, with more than two-thirds of total space concentrated in a few regions, Cushman & Wakefield Echinox reported. The capital Bucharest and the broader Centre-West region - encompassing Transylvania and Banat - account for over 60% of […]
The Embassy of the Russian Federation was the sole foreign mission to send a message of condolences following the death of Romania’s former president Ion Iliescu, notes Iulian Anghel in a column in Ziarul Financiar. The message came 24 hours after the Romanian authorities officially announced Iliescu’s...
The Romanian government has initiated the process to appoint new leadership for the Agency for Monitoring and Evaluation of the Performance of Public Enterprises (AMEPIP), Economedia.ro reported. The move follows the creation of selection...
Romania's National Agency for Fiscal Administration (ANAF) has issued a warning to companies and individuals after identifying irregularities in value-added tax (VAT) declarations, Economedia.ro reported. The discrepancies were uncovered...
The future edible oil factory in the Galati Free Zone in eastern Romania, planned by Sunpro Oils (Romania), has received the construction permit so that the works will begin shortly. The equipment has started to arrive, mayor Ionuț Pucheanu announced on Facebook. With Sunpro Group (Switzerland) among the owners with a 25% participation, Sunpro Oils […]
