Energy | 4 September, 2024 at 8:40 PM
Restart Energy completes PV project worth over €850,000
Restart Energy has completed the construction and installation of a photovoltaic project for the company Mobilaiud worth more than €850,000.
Restart Energy has completed the construction and installation of a photovoltaic project for the company Mobilaiud worth more than €850,000.
This deal will support Nala Renewables' €214 million acquisition and development of a 99.2 MW onshore wind project in eastern Romania.
Electrica has completed the acquisition of the project company New Trend Energy having as its main object of activity the generation of energy from photovoltaic sources.
Visual Fan announced the completion of a new photovoltaic project. This consisted of designing and implementing five photovoltaic plants with a total capacity of 1.3 MW.
Construction will start in the first part of 2024, with the aim for the wind farm to become operational by the end of 2025.
Renovatio is set to finalize the photovoltaic project at Electrocentrale Borzesti by the end of April 2024, with a planned installed capacity of 50 MW.
Visual Fan, the company that owns the Allview brand, announced the start of the construction project of two photovoltaic plants with a total power of 799.5 kWp, for the Arad Water Company.
Restart Energy announced the completion of the implementation of a photovoltaic panel system worth €160,000 for the Geneza Comimpex company. The project consisted of the installation of 428 panels at the Geneza Supermarket in Târgu-Neamț, Neamț county, on an area of 1,200 sqm, with a power of 194.4 kWp.
Two Romanian businessmen are investing in a start-up that reduces energy consumption for companies and optimizes investment costs for photovoltaic parks. Cristina Bâtlan and Roberto Bâtlan, the founders of the Musette footwear and accessories brand, invest in the startup Energoloop, founded in partnership with Eduard Fariseu, which operates in the form of a photovoltaic hub.
A photovoltaic park with an installed power greater than that of a Cernavodă nuclear reactor will be built in Romania, which reflects the appetite of investors to become players in this market again. George-Sergiu Niculescu, president of the National Energy Regulatory Authority (ANRE), says that when he arrived at ANRE's management, he saw a request for authorization to establish a photovoltaic park of approximately 1,050 MW.
The value of the green technology market was $1.5 trillion in 2020 and is expected to reach over $9.5 trillion by 2030, according to a report by UNCTAD - the United Nations Trade and Development Agency. UNCTAD's Technology and Innovation Report 2023 warns that economic inequalities risk widening as developed countries reap the most benefits from green technologies such as artificial intelligence, the Internet of Things (IoT), and electric vehicles.
In 2021, the source that contributed the most to the EU's primary energy production was renewable energy, respectively 41% of the total energy production in the European Union. In the case of Romania, the main sources of energy in 2021 were natural gas (32.3%), renewable energy (26.7%), solid fuels (14.5%), crude oil (14.1%), and nuclear energy (12.5%).
The Danish company FirstFarms announces investments in Romania both in the agricultural area and in the area of green energy production. The company installed photovoltaics in one of its warehouses in Romania, to ensure its consumption, and plans to increase its installed capacity to be able to sell the energy. The company also opened a new silo in Slovakia, where it also bought a biogas plant.
Electrica bought the company Sunwind Energy, which develops the photovoltaic project "Satu Mare 2", with an installed capacity of 27 MW. The project is located near Botiz commune, Satu Mare county. Also, on February 6, 2023, Electrica announced the completion of the acquisition of the company Green Energy Consultancy & Investments, which develops the "Vulturu" photovoltaic project.
More than 3,000 MW of solar energy projects are to be installed in Romania in the next two years, thanks to European funds. The government is preparing green funding from the Modernisation Fund: over €1.5 billion for companies and local authorities. Romania is among the top 10 countries in alternative energy consumption.
Kajima and Griffin Capital Partners acquired a 70% stake in Hymon, Poland's leading photovoltaic installation company. Hymon has a track record of approx. 472 MW installed photovoltaic capacity.
The energy supplier and distributor Electrica has completed the acquisition of the project company Green Energy Consultancy & Investments, which is developing the Vulturu photovoltaic project, Vrancea county, with an installed capacity of 9,75 MW (evacuating power in the network).
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
