CCE Holding launched works at the site of its Horia1 solar park of 40 MW in Romania’s northwest, ENGIE is preparing to install a photovoltaic facility of 37.2 MW and PNE just sold a ready-to-build project of 61.5 MW, https://balkangreenenergynews.com/ informs. Romania has joined the group of gigawatt-scale markets this year in terms of installed photovoltaic capacity within one year and the list of mature projects keeps getting longer. In fact, SolarPower Europe expects the country to reach 8.7 GW by 2027. The solar boom is fueled in all segments from prosumers to municipal authorities to transmission system operator Transelectrica. Austria-based renewable energy developer CCE Holding said it started the construction of its first photovoltaic park in Romania and its biggest in Europe. The site for the facility with 40 MW in peak capacity is near Arad in the country’s northwest. It spans 50 hectares. CCE Holding won EUR 3 million in funding through Romania’s National Recovery and Resilience Plan.The company said the Horia1 solar power plant would be connected to the grid by next autumn. It is envisaged to consist of modules of 590 W each. CCE Holding revealed that it secured financing from Raiffeisen Bank International. The project was developed in cooperation with Banat Agri Group and Austria-based Frapag, according to the statement. The firm added that it has 980 MW under development in Romania and ten solar power projects in various stages. Horia1 will benefit from EUR 3 million from the country’s National Recovery and Resilience Plan (NRRP or, in Romanian, PNRR). The company won support in the first round of applications.
The IT&C field is the most attractive for Romanian high school students when it comes to their future jobs, followed by social media content creation, and marketing, advertising and journalism, according to a recent study conducted by Cult Market Research for ING Hubs Romania. The same research found that most high schoolers see themselves as […]
Key information Q1 2024 vs. Q1 2023: Best Q1 in Sphera's history in terms of sales, EBITDA and net profit Consolidated sales continue to grow at strong pace, up 9.2% Significant improvement of net profit, up 192%, to RON 21.4 million Double-digit increase in EBITDA (+69%) to RON 39.8 million Comfortable profitability, with...
In the bustling tapestry of modern life, there's a few crucial threads that often get overlooked but hold the key to a prosperous future: social and emotional well-being, mental health and… play! When people think about achieving success in life, formal environments such as schools and universities often come first to mind. But the base […]
Romanians returned 160 million returnable packaging units in April, 40% of the 400 million units introduced on the market under the guarantee-return system, or SGR, minister of environment Mircea Fechet said at the opening ceremony for a new recycling center near Bucharest. Between January 1 and April 15, 166 million packaging units were collected under […]
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, posts a consolidated turnover of RON 105 million (EUR 21.1 mln) in the first three months of 2024, slightly down by 5%, compared to the first quarter of 2023, normalized EBITDA of RON 20.6 million and a normalized net profit […]
The government plans to hike the minimum statutory wage to RON 3,700 (EUR 740, gross terms), prime minister Marcel Ciolacu confirmed, without saying whether this would be done by July or later this year. Currently, the minimum wage is RON 3,300 (EUR 660), meaning that the new hike would amount to just over 12%. Speaking […]
