Ananda Group, known for its residential developments in the southern area of the Capital, announces the obtaining of the building permit and the official start of construction of the Biruinței 75 project. Located in Popești-Leordeni, a 10-minute walk from the Berceni metro, this modern complex addresses efficiency in urban comfort by integrating differentiating facilities for […]
Greenvolt Next, a leading renewable energy company and part of Greenvolt Group, has completed a new photovoltaic power plant integrated with a high-performance energy storage system for Abund Berry, a company in the wild berry processing industry, in Buftea, Ilfov County. The photovoltaic system, with an installed peak capacity of 512 kWp, is equipped with […]
In the urban effervescence of the south of the Capital, where the border between Sector 4 and Ilfov blurs, the developer Ananda Group accelerates the works on phase II of the Ananda Residence complex. Located on Biruinței, the most sought-after street in Popești-Leordeni - the western area, the project approaches a residential concept designed to […]
Global law firm Dentons has advised Societatea Energetică Electrica S.A. and its subsidiaries Electrica Furnizare S.A. and Distribuție Energie Electrică România S.A., on a RON 3.1 billion (approximately €622,7 million) syndicated loan agreement destinated to refinance part of their existing bank exposure and support capital investments in the renewable energy production segment. The syndication was […]
Tazz, one of the most important delivery platforms in Romania, part of the eMAG group, announces the signing of an agreement regarding the acquisition of its social parts by Wolt, a local commerce platform of Finnish origin with operations in 28 countries. The acquisition is expected to close in the next few months, subject to customary […]
Restart Energy has completed the implementation of a photovoltaic project for Fileca Industry worth more than 300,000 euros. The beneficiary's investment will be amortized in about 4 years. The project consists of 852 panels located on the roof of the beneficiary's building in Beclean, Bistrița-Năsăud County. The panels cover an area of 3,500 […]
Restart Energy has completed the construction and installation of a photovoltaic project for Dip&Gip, totaling more than 200.000 €. The investment of the beneficiary will be amortized in about 3 years. The rooftop project has a capacity of 299 kWp and was installed on the roof of a production facility belonging to the beneficiary, located […]
Brothers Mihai and Sorin Doroftei, known for their gambling business under the Las Vegas brand, have decided to radically change their business strategy. In a major strategic move, the two have sold part of these businesses to focus on investments in renewable energy. Furthermore, the Doroftei brothers are considering the complete sale of the Las […]
Sustainability is expected to drive a massive shift for the Chief Financial Officer (CFO) function, which will likely manage more non-financial than financial data in the coming years, as the EU Corporate Sustainability Reporting Directive (CSRD) imposes new reporting requirements for which CFOs are generally appointed responsible, according to the Deloitte “Re/Insurance CSRD benchmark” study, […]
Restart Energy has completed the construction and installation of two photovoltaic projects for Com Divers company, worth over €300,000. The beneficiary's investment will pay for itself in approximately 3 years. The rooftop projects have a combined power of 416 kWp and were installed on the roof of two industrial warehouses belonging to the beneficiary, located […]
The latest review of the Energy Performance of Buildings Directive (EPBD) sets ambitious objectives to reduce global consumption of energy of the European Union buildings and establishes the common framework for the Member States to rely on for the reduction of carbon emissions and energy efficiency, according to the national particularities. Th experts attending the […]
BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction that will free up capital for BRD to boost the financing of impactful sustainability-related projects in Romania. Under the transaction, IFC will provide a risk guarantee on an up to €700 million […]
The transition to circular economy slowed globally last year, as the vast majority of raw materials entering economies are still coming from virgin sources, while the share of secondary, reused materials has steadily decreased over the past five years, from 9.1% in 2018 to 7.2% in 2023, indicates the “Circularity Gap 2024” study, carried out […]
Teiuș.Solar, part of the Eurowind Energy group, a Danish developer and operator of wind, solar and hybrid projects, announces the launch of the Teiuș Photovoltaic Park project – with a maximum installed capacity of 60.2 MW, implemented in the city of Teiuș, Alba County. The total value of the project is 47,155,440 euros (54,987,957 euros including […]
On 26 January, Directive (EU) 2022/2464 of the European Parliament and of the Council regarding companies’ sustainability reporting, known as the Corporate Sustainability Reporting Directive (CSRD), was transposed into Romanian law through Ministry of Finance Order no. 85/2024 (“OMF 85/2024”). „This legislative advance underscores Romania's proactive stance in fostering responsible business practices and ensuring that […]
Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by cyber risks, climate-related regulatory actions and rising interest rates, according to Deloitte 2024 Commercial Real Estate Outlook global study. Companies in Europe are mainly concerned about the same risks, but place political instability […]
The environmental consulting services market will register an advance in 2024, amid increased interest in outsourcing reporting obligations to environmental authorities to avoid fines and reduce costs. At the same time, 2024 also comes with new obligations for companies, it will be the year of rapid compliance with legislation, for fear of sanctions and possible […]
In an increasingly unstable economic-political context, Romanians, both individuals and legal entities, are feeling the ever-increasing costs of energy and are turning to photovoltaic systems, which could reduce these costs by up to 6 times. Thus, 2024 will be the best year for the photovoltaic systems market, with increasing demand, especially from rural areas, and […]
At least eight funding programmes are already open or in the process of being launched by the authorities this year, with a total allocation of around €5 billion according to a REI analysis, one of the largest consultancy firms specialising in attracting grant funding for both private companies and public authorities. The grant support, available […]
Schoenherr advised Kommunalkredit Austria AG ("Kommunalkredit") on granting a EUR 25m loan to INVL Renewable Energy Fund I ("INVL") to finance the construction of solar power plants with a total capacity of 51 MW in Romania. This is the first Romanian project in INVL's pipeline to reach the ready-to-build phase. Schoenherr acted as lead counsel to the […]
Restart Energy, a leading energy transition services company, has completed the installation of a photovoltaic power generation system for KRAFTALT, worth approximately 450,000 euros. The project has an output of 626.4 kWp and was installed on the beneficiary's building in Dej, Cluj county. The system consists of 1392 panels, which provide about 90% […]
Schoenherr Romania advised Nofar Energy on the acquisition of a 255 MW solar photovoltaic (PV) project under development from Portland Trust. Expected to become operational in 2024, this is Romania's largest solar PV park. It spans 290 hectares in Corbii Mari, Dambovita county and is expected to generate 362 GWh of renewable energy a year, enough to […]
Romania can achieve a recycling advance of up to 80% in the coming years, through the implementation and operation of the Guarantee-Return System (SGR) function, thus reaching the targets set by the European Union and becoming a leader in the circular economy in Central and Eastern Europe, according to an analysis by Green Environment Support, […]
The INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, signed an agreement with Kommunalkredit Austria AG (Kommunalkredit) on a loan of EUR 25 million. The proceeds of the loan will be used to finance the construction of solar power plants with 51 megawatts (MW) capacity in […]
Restart Energy, a leading company in energy transition services, has completed the construction and installation of two photovoltaic power generation systems for Moldova Farming SRL, with a total investment of approximately 300.000 euros. The projects have a combined capacity of 403.2 kWp and were installed on two buildings belonging to the beneficiary, located in […]
