The Naxxar Group, formed by Romanian-capital companies and leading player in the renewable energy sector, is delighted to announce a significant milestone in its journey. Naxxar Renewable Energy Management Holding has entered into a conditional agreement with Polenergia, the largest Polish private energy group, for the sale of a substantial 60% stake in development vehicle of the NX4 Wind Farm, one of the largest onshore wind energy projects in Romania and, by extension, also in Europe. NX4 assumes the construction of wind farms with a total capacity of up to 685.6 MW, located in the Tulcea County, Dobrogea region, by the Black Sea. It is one of the windiest areas in Romania, with average wind speeds exceeding 8 meters per second. ”We are extremely proud that we convinced the most prominent private energy group in Poland, Polenergia, of the viability of our projects. Romania has a lot of unused resources and an enormous potential for renewables, and we are convinced it would reach quickly is target assumed with the European Union, according to Green Deal and its following commitments,” said Gerhard Kaiser, Founder and CEO of Naxxar Renewable Energy. Naxxar would like to thank once more Alessandro Albrighi, founder and CEO of AD Capital Partners, who played a pivotal role in mediating the transaction and provided invaluable strategic advisory services on the seller's side. The contribution of the Naxxar team members including Dana Casandra, Naxxar's Chief of Legal Department and Septimiu Iusan, Project Manager, has been instrumental in ensuring a smooth transaction process. Also, Mu?at & Asocia?ii team headed by Andrei Ormenean as the seller’s legal advisor ensured the successful negotiation and structuring of the agreement. Naxxar projects for Romania exceed 2 GW for the mid-term Naxxar's project pipeline extends beyond the wind farm NX4, encompassing an additional 1 Gigawatt (GW) of wind projects in various stages of development (from greenfield to ready to build in 2024). These projects are not included in the deal with Polenergia. Soon, Naxxar will also unveil plans for 1 GW of photovoltaic (PV) projects, stressing its commitment to diversifying renewable energy sources. “Energy storage and even green hydrogen are in the cards as well” says Naxxar’s Gerhard Kaiser. “On top, we are also examining options to expand to Italy and Spain”. ”The Naxxar Group started its work in January 2021. It has experienced a steep growth trajectory since then. The future projects will generate even more work for employees and local contractors, and will create a huge number of well-paid jobs. Our vision for Naxxar is to remain steadfast in its commitment to pioneering large-scale, innovative renewable energy projects, contributing to the energy transition and environmental sustainability,” said Mihai Necula, Country Manager, Naxxar Renewable Energy. Naxxar plans to be one of the most important developers and employers in the renewables sector in Romania for the long term. It may eventually become an independent power producer (IPP). ”We are here to stay for the long term. This is why we plan to become one of the top employers in the Romanian market. Romania has very talented, multi-lingual well-skilled people and we look forward to complete our already fast-growing team with new local colleagues,” Mihai Necula added. About Naxxar Renewable Energy Naxxar Renewable Energy is a leading player in the renewable energy sector, dedicated to advancing the carbon-free energy transformation. With a diverse portfolio and a robust pipeline of projects, Naxxar is committed to reshaping the Romanian energy landscape. With 2 GW of projects under pipeline in Romania, Naxxar will become one of the most important developers in Romania and the region, contributing massively at Romania’s renewables target achievement over the longer term and to the development of the local industry and energy market.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
