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.
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
Three cats from Romania received the top distinctions during the 2025 World Cat Championship held in Bucharest. Wild Forest’s Nordri, an imposing white Norwegian Forest Cat born in Romania, conquered the supreme title of 2025 World Champion, defeating over 750 cats from 35 countries. Nordri’s son, Wild Forest’s Quasar, aged 7 months, was also named […]
A report by the Romanian Court of Accounts, conducted between April and November 2024, which analyzed the organization and functioning of communes and small towns in relation to the population served, shows that, depending on the number of inhabitants, many towns and communes no longer meet the criteria for inclusion in their respective categories. According […]
An association of construction companies from Romania and Bulgaria has won the contract for building the first section of the A8 Târgu Neamț – Iași – Ungheni highway, with a bid of 4.76 billion (EUR 936 million). The contract for the 27-kilometer road can be signed within ten days if no appeals are filed. “The […]
The organizer of the march commemorating 10 years since the Colectiv club fire tragedy, Marian Rădună, was fined RON 3,000 (EUR 600) by the gendarmes because the demonstration exceeded 11:00 PM, the time set in the authorization. Approximately 200 people participated on Thursday, October 30, in the march commemorating 10 years since the tragedy at […]
