The Greek group PPC, which bought Enel Romania last year, completed the acquisition of the 84 MW wind farm owned by Lukoil in our country. PPC plans to commission 1,300 MW of renewable capacity in Romania in just three years. PPC announces that it has completed, through its subsidiary PPC PPC Renewables, and after fulfilling the usual preconditions for such transactions set out in the previously signed agreement, the acquisition from the European subsidiaries of the Lukoil Group, of a 100% stake in Land Power S.R.L. , which operates a wind farm in Romania with a total installed capacity of 84 MW, according to a company press release. The wind farm is located in the towns of Dorobantu and Topolog, Tulcea, in a region in Romania with the best wind conditions and generates more than 200 GWh of electricity per year. The transaction was carried out through a competitive process, with the participation of international companies, during which PPC Renewables was selected as the preferred bidder. Kommunalkredit Austria AG acted as exclusive financial advisor to the buyer and CMS Cameron McKenna Nabarro Olswang LLP SCP and Milbank LLP acted as counsel to PPC Renewables. The renewable energy production capacities of the PPC group, which took over Enel’s business in Romania last year, will reach a level of almost 2 GW in Romania, as a result of the increase in investments to unprecedented levels, according to the plan announced by PPC in month January.
TEKUNI, a program dedicated to students and young entrepreneurs, was launched in Timișoara through a pilot project, with a future goal of nationwide expansion. The program offers a complete training path, structured into 7 modules that cover all stages of building a startup: from idea validation and MVP development to branding, marketing, legislation, finance, leadership, […]
The Romanian capital will be in the spotlight at the festival Un Week-end à l'Est, which runs in Paris until December 1. The event, which aims to present the artistic, literary, and intellectual richness of an Eastern European city, has previously focused on Warsaw, Odessa, Kyiv, Sofia, or Budapest. At its ninth edition, it is […]
Romanian tax agency ANAF has sued former president Klaus Iohannis in order to recover the loss of use of half of a property in the center of Sibiu. “The action represents a continuation of the steps that ANAF has taken for the recognition of the state’s ownership right and the recovery of compensation determined by […]
Romania will face Turkey in the semi-final of the World Cup qualifying play-offs, with the match scheduled to take place away from home on March 26 next year, Biziday.ro reported. A win would send the national team into the play-off final on March 31, where it would meet the winner of the Slovakia–Kosovo match. Romania […]
An exhibition showcasing various depictions of the traditional Romanian blouse ia, including Henri Matisse’s iconic La Blouse Roumaine, is opening this weekend in Bucharest, while Cluj is entering festive mode with...
Mercenary Horațiu Potra, who faces charges of attempting to undermine constitutional order in Romania, is being flown back to Bucharest under police escort after authorities in the United Arab Emirates approved his extradition,
