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.”
Interim president Ilie Bolojan has convened the Supreme Council of National Defense on Wednesday, April 30, to discuss essential defense topics such as Romania’s participation in the ReArm Europe Plan/Readiness 2030, the draft Law on National Defense of Romania, and the National Plan on Military Mobility. Other topics concern the draft Law on certain measures […]
The photography exhibition World Unseen, which allows both blind and sighted visitors to experience images through touch and sound, is opening its doors in Iași after attracting over 100,000 visitors in Bucharest. Hosted at the Palace of Culture, the exhibition will be on display from April 29 to July 29. Organized by Canon Romania in […]
Brașov-Ghimbav International Airport in central Romania recorded a total of 56,897 passengers in the first quarter of this year, more than double the number from the same period in 2024, when 27,885 travelers were registered. According to statistics published by the Romanian Airports Association, the Brașov-Ghimbav Airport has returned to 9th place in the national […]
DAAS Epta Romania, part of the international Epta group, is set to open the first Training Center for refrigeration technicians in the country with an EUR 500,000 investment. The company also announced the accelerated expansion of the remote monitoring service center, or TLM. The Training Center is a pilot project developed based on the model […]
Knauf Insulation, part of the Knauf Group, has invested EUR 140 mln in state-of-the-art production facilities and brought together world-class expertise to transform the Târnăveni plant in Romania into the most technologically advanced facility in Central Eastern Europe. Industrial services provider Bilfinger has played a significant role in the project by undertaking a comprehensive range […]
The seventh edition of Neversea, one of Europe’s largest beach music festivals, will not take place in 2025, the organizers announced. The event is now scheduled to return in 2026 in Constanța, Romania, after challenges in securing a suitable beach venue. Organizers from Untold Universe explained in a press release that they were unable to […]
