Etem Gestamp and Rezolv Energy have entered into a 10-year cross border virtual power purchase agreement (VPPA) in Bulgaria. Under this arrangement, Etem Gestamp will procure electricity from Rezolv Energy’s 461 MW VIFOR wind farm, located in Buzău County, Romania, which is nearing commissioning. The agreement represents Rezolv Energy’s seventh PPA across Romania and Bulgaria.
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The European Commission (EC) has approved a €150 million Romanian state aid scheme to support electricity storage deployment, in line with the Clean Industrial Deal. The scheme will support the installation of at least 2,174 MWh of new electricity storage capacity in Romania. Additionally, the support will be provided as investment aid in the form of direct grants for the development of new standalone battery energy storage systems (BESS).
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PPC Group and METLEN Energy & Metals have entered into a joint venture (JV) agreement to develop battery energy storage systems (BESS) across Romania, Bulgaria and Italy. The agreement provides for the creation of a JV company in which both will hold an equal 50 per cent stake. The collaboration will focus on the development, construction and operation of a BESS portfolio with a total capacity of up to 1,500 MW/3,000 MWh.
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The European Investment Bank (EIB) has committed approximately €34 million to support the construction and operation of three solar projects in southwestern Romania. The projects will have a combined capacity of 190 MW and are expected to generate enough electricity to supply more than 160,000 households. They will be located in the Olt and Dolj counties in the Oltenia region, near the Danube river and the Bulgarian border.
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OX2 has acquired three onshore wind projects in Romania from Future Power. These three projects, with a cumulative capacity of 235 MW, are located in Vaslui and Vrancea counties. All are expected to be commissioned between 2028 and 2030, subject to the permitting progress. With this acquisition, OX2’s portfolio in the country now exceeds 1.1 GW, covering nine onshore wind projects.
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Romania’s Ministry of Energy, in coordination with the Contracts for Difference (CfD) scheme operator C.N.T.E.E. Transelectrica S.A., has launched the third auction under the State Aid scheme in the form of CfD for electricity generation from onshore wind and solar photovoltaic sources. Around 290 MW of onshore wind capacity has been tendered as a part of this CfD auction. The deadline for bid submission is November 14, 2025.
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GE Vernova has signed an agreement with Greenvolt International Power to supply, install, and commission wind turbines for the 252 MW Ialomiţa wind farm in Romania. As per the agreement, GE Vernova will supply 42 onshore wind turbines rated at 6.1 MW each. The agreement was finalised in the third quarter of 2025, with turbine deliveries expected to commence in 2026.
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Apple is expanding its renewable energy portfolio across Europe with the development of new large-scale solar and wind projects in Greece, Italy, Latvia, Poland, and Romania. Together with the solar project in Spain that commenced operations earlier in 2025, these projects will collectively add 650 MW of renewable energy capacity to regional power grids. The initiative will mobilise over $600 million in financing.
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Energy Vault and Astor Enerji have signed an agreement to strengthen global supply chains for battery energy storage systems (BESS) projects. The agreement includes the supply of 2 GWh of Energy Vault’s B-VAULT BESS for Astor Enerji’s four grid-connected photovoltaic projects in Romania. These BESS projects will be operated using Energy Vault’s VaultOS energy management platform to improve performance and ensure grid stability.
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Eurowind Energy will develop a 220 MW solar park in Romania’s Vișina, Dâmbovița County. The total investment in the solar park amounts to €174.8 million. The park will comprise over 400,000 photovoltaic panels and will be developed on a 354-hectare site. Furthermore, the renewable energy generated from the project will be equivalent to the yearly consumption of approximately 150,000 households.
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Ameresco SUNEL Energy SA, a joint venture between Ameresco and SUNEL Group, has secured €303.4 million engineering, procurement, and construction (EPC) contracts for three solar projects. These projects have a combined capacity of 466 MWp and are situated in the southwestern region of Romania. The projects will replace coal-fired power generation and strengthen Romania’s commitment to phasing out coal by 2032.
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Rezolv Energy, through its subsidiary First Looks Solutions S.R.L., has inked a 10-year Virtual Power Purchase Agreement (VPPA) with Bekaert in Romania. Under this agreement, Bekaert will purchase 100 GWh of renewable power annually, cutting its annual carbon emissions by over 41,000 tonnes.
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Korkia, a Finnish renewables investor, has teamed with Romania-based Econous Green Energy to build 600 MW of solar energy capacity in Romania. By 2025, the partnership’s first projects are expected to be licenced and ready for construction. A 600 MW photovoltaic system generates 780,000 megawatt-hours of power.
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It explores how Romania can harness private investment in three critical enabling sectors to reignite sustainable economic growth and social inclusion. To identify short- to medium-term opportunities for private sector growth and enhanced service provision across the country, the Country Private Sector Diagnostic focuses on crucial sectors featuring gaps that affect the whole economy.
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OMV Petrom will acquire a 50 per cent stake in Electrocentrale Borzesti from RNV Infrastructure. The company holds approximately 1 GW capacity of renewable projects. The project comprises 950 MW wind and 50 MW photovoltaic. The projects will be further developed, built and operated in partnership with RNV Infrastructure.
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Polenergia SA, a Polish energy major, decided to purchase a conditional majority interest in a firm establishing a portfolio of up to 685.6 MW wind farms in Romania, enabling it to enter the local renewable energy marketplace. Reportedly, the company is committed to purchase a 60 per cent stake in the special-purpose vehicle from Naxxar Renewable Energy Management Holding, based in Bucharest.
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INVL Asset Management, a Lithuanian asset management company, has completed a contract to invest its INVL Renewable Energy Fund I in a 174 MW solar farm project in Romania. The 174 MW project is being purchased by the fund before it has obtained grid connection capacity, which is anticipated to occur in the first quarter of 2023.
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Ruserio Solar, a Dhamija Group special purpose company, has invited contractors to submit expressions of interest for the engineering, procurement, and construction (EPC) of a 113 MW solar power project in Romania’s Bucsani district. Signing a power purchase agreement with the offtaker and power trading at the Romanian gas and electricity market operator are both part of the project.
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PNE, a German wind farm developer, announced that it has sold the rights to three wind farm projects in Romania to an unnamed global renewable energy business for an undisclosed amount. PNE stated in a news release that wind turbines with nominal outputs of up to 220 MW might be installed as part of the three projects.
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Macquarie Infrastructure and Real Assets (MIRA) has decided to acquire a portfolio of Romanian power assets from energy conglomerate, CEZ Group. The portfolio comprises a renewable energy platform with 622 MW of primarily onshore wind farms, as well as an 86,665 kms of regulated electricity distribution network and an electricity and gas supply business with 1.4 million residential and industrial connections in the South West of Romania.
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