Danish renewable energy producer Eurowind Energy has placed a 143 MW order for Frumusita, Vector and Pecineaga Northeast wind parks, located in Romania, https://www.vestas.com/ informs. The contract includes the supply and installation of 23 V162-6.2 MW wind turbines from the EnVentus platfrom. Vestas will also provide long-term service for the projects through a 20-year Active Output Management 5000 (AOM 5000) service agreement. Vestas Mediterranean East General Manager, Srdan Cenic, says: “We are proud to partner with Eurowind Energy on this project, and we are grateful for their trust in us. This order demonstrates the strength of our local execution and service expertise, and our ability to deliver the latest wind technology in support of Romania’s energy transition”. As Romania accelerates its energy transition through regulatory reforms, upcoming CfD auctions, and grid enhancements, Vestas continues to strengthen its presence in the market. With its Eastern Europe regional headquarters based in Bucharest, Vestas employs over 550 people across Romania, including a highly skilled team of service technicians supporting projects. Since entering the Romanian market in 2009, Vestas has played a pivotal role in driving wind energy deployment across the country. With over 1.5 GW of installed capacity and under-construction projects, Vestas is currently the leading OEM in Romania’s wind sector. The company also services more than 1.2 GW, supported by a strong local infrastructure that includes five service hubs and a regional training center “Romania is a core market for us, and we are happy to take the next step with this order. Frumusita, Vector and Pecineaga Northeast are very important projects for us and we look forward to building on our long-standing relationship with Vestas by realising the projects together,” says Morten Gaarde, Director for EPC, Eurowind Energy. Turbine delivery is planned for the second half of 2026, while commissioning is scheduled for second half of 2027. About Vestas Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 190 GW of wind turbines in 88 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 157 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 35,000 employees are bringing the world sustainable energy solutions to power a bright future.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
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The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
