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.
Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18. The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]
Exorigo-Upos, the Polish company that provides IT technology solutions for the retail sector, is preparing to take its presence in Romania to the next level by establishing an innovation hub in Bucharest. The new center will focus on developing and testing cutting-edge technologies tailored to the Romanian market, in line with the company’s long-term strategic […]
Eva and Victor, ages 16 and 17, respectively, will advocate for climate action as members of Romania's delegation at the United Nations Conference on Climate Change – COP29, held in November 2024 in Baku, Azerbaijan. The two teenagers also have clear roles in the conference. Victor, for example, will co-moderate the Climate Youth Forum, where […]
Natural gas producer Romgaz (SNG), a company in which the majority stakeholder is the Romanian state, listed on Tuesday, November 19, its first corporate bonds amounting to EUR 500 million on the Bucharest Stock Exchange. The bonds, also listed on the Luxembourg Stock Exchange since the beginning of October 2024, are part of a tranche […]
The Bucharest Court of Appeal ruled on Tuesday, November 19, to return the case involving Andrew and Tristan Tate to prosecutors at DIICOT, citing several irregularities. The judges also decided to remove several pieces of evidence and statements from the file, according to
Program empowers women in Romania to step into management or advisory board roles Offering actionable advice for women in businesses seeking strong governance Supporting EU gender diversity targets with inclusive leadership programs The European Bank for Reconstruction and Development (EBRD) celebrates Women’s Entrepreneurship Day on 19 November 2024 by highlighting the EBRD Women on Boards […]
