CCE Holding launched works at the site of its Horia1 solar park of 40 MW in Romania’s northwest, ENGIE is preparing to install a photovoltaic facility of 37.2 MW and PNE just sold a ready-to-build project of 61.5 MW, https://balkangreenenergynews.com/ informs. Romania has joined the group of gigawatt-scale markets this year in terms of installed photovoltaic capacity within one year and the list of mature projects keeps getting longer. In fact, SolarPower Europe expects the country to reach 8.7 GW by 2027. The solar boom is fueled in all segments from prosumers to municipal authorities to transmission system operator Transelectrica. Austria-based renewable energy developer CCE Holding said it started the construction of its first photovoltaic park in Romania and its biggest in Europe. The site for the facility with 40 MW in peak capacity is near Arad in the country’s northwest. It spans 50 hectares. CCE Holding won EUR 3 million in funding through Romania’s National Recovery and Resilience Plan.The company said the Horia1 solar power plant would be connected to the grid by next autumn. It is envisaged to consist of modules of 590 W each. CCE Holding revealed that it secured financing from Raiffeisen Bank International. The project was developed in cooperation with Banat Agri Group and Austria-based Frapag, according to the statement. The firm added that it has 980 MW under development in Romania and ten solar power projects in various stages. Horia1 will benefit from EUR 3 million from the country’s National Recovery and Resilience Plan (NRRP or, in Romanian, PNRR). The company won support in the first round of applications.
Profluo, a startup that automates a company's financial processes using AI, has attracted investment from corporate venture capital fund BCR Seed Starter, Inspire Capital, and other investors in a EUR 850,000 funding round. BCR Seed Starter, which led the round, invested EUR 500,000 in Profluo. The funding will support the company's plans to scale its […]
The Romanian film “Catane,” signed by Ioana Mischie, will have its world premiere at the International Film Festival of India, held annually in Goa. This year's edition is scheduled between November 20 and 28. The Romanian-Italian comedy stars Costel Caşcaval, Iulia Lumânăre, and Cristian Bota. The first screening of the film is scheduled for November 24. […]
CTP, a leading developer, owner, and manager of industrial and logistics properties, said that it delivered a new 65,000 sqm e-commerce fulfilment centre for LPP Logistics in CTPark Bucharest West. Construction of the building in the Bolintin-Deal area began in March 2025 and was completed in about half a year. According to CTP, “it stands […]
London’s New Bond Street has been crowned the world’s priciest retail destination for the first time, while Bucharest’s Calea Victoriei is in 39th place globally, according to Cushman & Wakefield’s latest Main Streets Across the World report. Rents in Calea Victoriei recorded the 3rd highest growth among the 50 analysed markets worldwide. Calea Victoriei, the […]
The European Commission announced earlier this week that it has selected four electrification projects developed by Romanian companies to receive funding of EUR 29.33 million from the Connecting Europe Facility fund. The CEF funding round involves a total of over EUR 600 million in EU grants, which will support...
Romania has won the international competition for a judge position at the UN Dispute Tribunal (or UNDT), with judge Adina Elvira-Ghiţă set to take over a seven-year term, according to the Ministry of Foreign Affairs (MAE). Romania secured 109 votes in the UN General Assembly during the international competition for filling a judge position at […]
