Energy
Socar Petroleum Joins Race To Build Bitumen Terminal In Constanta Port In Partnership With Oil Terminal
Socar Petroleum SA, a subsidiary of SOCAR (The State Oil Company of Azerbaijan Republic), has joined the race of companies interested in the construction of a bitumen terminal in Constanta P...
INVL Renewable Energy Fund I Signs EUR25M Loan Agreement With Kommunalkredit Austria For Construction Of Solar Parks In Romania
INVL Renewable Energy Fund I, a fund that invests in renewable energy projects and is managed by INVL Asset Management, has signed an agreement with Kommunalkredit Austria AG for a EUR25 mil...
Electrica Plans To Build 500MW Combined Cycle Power Plant In Fantanele, Mures
Electrica (EL.RO), an electricity supply, distribution and generation company, plans to build in partnership with Electrocentrale Grup a state-of-the-art combined cycle plant powered by natu...
Nuclearelectrica Buys EUR45M Worth Of CEC Bank Bonds
Nuclear power producer Nuclearelectrica (SNN.RO) has notified shareholders that on November 16, 2023, it bought some EUR45 million of CEC Bank bonds. The annual yield is 7.75%, it said in a...
ProCredit Bank Romania Lends nextE EUR3.15M to Build 4.7 MWp Photovoltaic Station in Bistrita Nasaud
ProCredit Bank Romania has lent EUR3.15 million to nextE group for the construction of a photovoltaic station with an installed power of 7.4 MWp in Bistrita Nasaud county.
EY: Offshore Wind Reaches Crossroads, As Spiraling Costs And Supply Chain Issues Force Developers To Reassess Projects
Turbulent times in the offshore wind sector could change the way large-scale energy projects are built and funded in the future, according to the latest EY Renewable Energy Country Attractiv...
Electrica Makes RON418M Net Profit In Jan-Sep 2023
Electrica (EL.RO), a major player in the electricity distribution and supply market in Romania, made RON418.3 million net profit in the first nine months of 2023, 21.6% (or RON115.4 million)...
Rompetrol Well Services Reports RON57M Operating Income For Jan-Sept 2023, Up 50% YoY
Rompetrol Well Services (PTR.RO), one of the major suppliers of well services in Romania, ended the first nine months of 2023 with operating income of RON57.2 million, up nearly 50% on the y...
E.ON Completes Construction Of Solar Power Plant For Cemacon In Wake Of EUR850,000 Investment
Electricity and natural gas supplier E.ON Energie Romania, a member of Germany's E.ON Group, has completed the construction of a solar power plant for brick manufacturer Cemacon, a company h...