Article by Andreea Caragui, Glodeanu&Partners We have officially entered the Contracts for Difference (CfD) season. 

Deloitte Romania assisted OMV Petrom in the acquisition of several photovoltaic park projects to be developed in Teleorman county from the Danish company Jantzen Renewables. The transaction, signed in June 2023, was recently completed, following approval from the Commission for the Examination of Foreign Direct Investments.

POLYTRADE GLOBAL has signed two Engineering, Procurement, and Construction contracts for solar projects in Romania, underlining its commitment to renewable energy and infrastructure development in the country.

On October 29-30, 2024, Bucharest will host the Power Shift Summit, organized by the Romanian Wind and Photovoltaic Associations (RWEA & RPIA).

Parapet has successfully completed Romania’s first solar repowering project, restoring full operational capacity to a 9.5 MWp photovoltaic power plant owned by the Austrian Kraftfeld Group. 

ENGIE Romania has broadened its renewable energy portfolio by launching its first hybrid power plant, which combines wind and solar energy. Located in Gemenele, Brăila County, the facility has a total installed capacity of 57 MW and is expected to generate around 140 GWh annually.

Following two rounds of public consultations over six months, which saw extensive involvement from various market stakeholders, the Romanian Energy Regulatory Authority (“ANRE”) adopted Order no. 53/2024 approving the Methodology regarding the allocation of the electricity grid capacity for the connection of electricity generation sites, as well as for the amendment of orders issued by ANRE president regarding the connection of users to public interest electricity grid (“Order 53/2024”).

Monsson, the largest developer of renewable energy projects in Romania, has successfully concluded the sale of a 61 MW photovoltaic park in Caraș-Severin County to Nala Renewables, marking a significant milestone in both companies' commitment to advancing the green energy transition.