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.
Computer Generated Solutions (CGS), a global leader in outsourcing services, software applications, and AR/VR-based learning solutions, announced the appointment of Vladimir Sterescu as president of the Global Outsourcing Division. He becomes the first Romanian to reach a top position in CGS's global leadership structure. In his new role, Sterescu will oversee global teams comprising over […]
Databricks, a tech giant with two Romanians among its founders, secured USD 5 billion in funding from creditors such as Blackstone, Apollo Global Management Inc., and Blue Owl Capital Inc., marking the largest amount raised in the company's history. A group of banks, including JPMorgan, Barclays Plc, Citigroup Inc., Goldman Sachs Group Inc., Morgan Stanley, […]
Home sales increased in Romania with an annual rate of 6.6% in 2024, according to a report released by real estate consultant SVN Romania based on official statistics. The rise in Bucharest and the surrounding Ilfov county was 7.6%. Almost 169,000 residential units were sold last year in Romania, while home sales registered in the […]
Beginning in January 2025, Romania's armed forces have expanded their involvement in NATO's defense measures on the eastern flank by contributing personnel and military equipment to two additional battle groups. These are stationed in Slovakia, where Romania provides an anti-tank detachment, and Bulgaria, where a reconnaissance unit is deployed, the Ministry of Defence (MApN)
The Dacia Sandriders crew consisting of driver Nasser Al-Attiyah and co-driver Édouard Boulanger, representing Romanian car manufacturer Dacia at the famous Dakar Rally, secured the win in the ninth stage of the race. Nasser, 54, participated in six Olympic Games and won bronze in 2012 in Men's Skeet. This is his 21st Dakar Rally. Boulanger, […]
The Bucharest Tribunal has ruled to replace Andrew Tate's house arrest with judicial control in the ongoing case where he is investigated for the alleged sexual exploitation of 34 women. The decision is not final, according to News.ro. ...
