Leading energy company Electrica and national gas corporation Romgaz signed a Memorandum of Understanding for the development of renewable energy production and storage capacities with a total installed power of up to 400 MW, the electricity distributor announced in a release on Tuesday.Based on the convergence of their operational expertise and energy production capacities, the two companies will initiate a collaboration model to implement a shared vision: the integrated development of a capacity of 400 MW in renewable energy, generating a distinct value proposition on the regional market. The partnership will be implemented through a dedicated investment vehicle, in which Electrica will have the role of lead developer, and Romgaz will act as a minority strategic partner. The chosen structure allows for the exploitation of the strategic complementarities between the two entities, the release states.According to Electrica CEO Alexandru Chirita, the partnership with Romgaz marks a defining moment in the development strategy of the company he represents."After the success of the EUR 500 million green bond issue in July 2025 and the access to EUR 200 million in EIB financing, this collaboration with Romgaz proves that cooperation models between Romanian energy companies can significantly speed up the transition. We combine financial strength with technical expertise to develop together with Romgaz 400 MW of green capacity, which will directly contribute to the 2030 national renewable energy target," Chirita said in the release.In his turn, Romgaz CEO Razvan Popescu pointed out that the memorandum signed with Electrica confirms the commitment to investing in clean energy and strengthening the role as a pillar of Romania's energy security.Electrica Group provides services to approximately 4 million users, covering 18 counties in three geographical areas as far as electricity distribution is concerned (Northern Transylvania, Southern Transylvania and Northern Muntenia), and operating nationwide for electricity supply and energy maintenance and services.Romgaz Group is made up of the National Gas Company Romgaz (parent company) and the Gas Storage Branch Depogaz Ploiesti and Romgaz Black Sea Limited ('RBS'), both 100% owned by Romgaz.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
