DRI completed its second photovoltaic plant in Romania
and it is preparing to start the construction of another one
Romania
Igor Todorović
0
Ukraine-based DTEK’s renewables subsidiary in the European Union brought the Glodeni 2 solar power plant online
The facility with 60 MW in peak capacity is in Mureș county in Romania’s Transylvania region
The firm now has three operational projects in Romania of 173 MW in total
Glodeni 2 has an estimated annual production of 86.4 GWh
equivalent to the electricity needs of 22,400 homes in the area
“The construction of this project was entirely managed by DRI’s in-house team of experts
showcasing our ability to move at pace and add real value through our extensive engineering
supply chain and construction management experience,” said DRI’s Chief Executive Officer Ivan Geliukh
DRI bought the projects for both Glodeni 1
The company purchased another major solar power project in June
It said it is about to start construction works
The location is just northwest of Bucharest
will more than double its operational PV portfolio in the country
In late 2023, DRI completed Romania’s first wind farm in a decade, followed by Glodeni 1 one year ago
The utility will sell 62% of the output from the two PV parks to OMV Petrom, under the country’s largest physical solar power purchase agreement (PPA)
it has another 1.2 GW in construction and development
It is working on projects in Croatia for the Brda Umovi wind farm of 127.5 MW
with a plan to add 29 MW in the second stage
and the Vedrine solar park of 60 MW in peak capacity
which stands for DTEK Renewables International
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A 49-year-old German woman who had been posing as the empress of a non-existent kingdom and rubbing shoulders with Italy’s elite had been accidentally unmasked as a fraud
who had adorned herself with titles like ‘Her Royal Highness’ or ‘Her Imperial Highness”
had become a regular at exclusive parties and social events in Italy’s capital city after being introduced to them by legendary Italian socialite Guya Sospisio a few years ago
no one questioned her claims of being the Empress of the Imperial House of Glodeni
even though a simple Google search would have revealed that Glodeni is actually a town in the tiny Eastern European country of Moldova
Martinez was eventually unmasked as a fraudster completely by accident
The fall of the fake empress of Glodeni began in March of 2024 when a wall in the Trastevere district of Rome suddenly collapsed
Among those cars was a Ferrari driven by Sandra Nicole Martinez
which investigators discovered had expired license plates
and further investigations revealed more inconsistencies regarding Martinez’s vehicles
the license plate of her Bentley belonged to a truck in Germany and had hundreds of outstanding fines totaling around 2,600 euros ($3,000)
for driving unlicensed vehicles with fake license plates
A post shared by ImperialHouseOfGlodeni (@imperialhouseofglodeni)
As for her royal title, the Imperial House of Glodeni appears to have been registered in Beirut in February of this year, but there is nothing royal about it. However, Sandra Nicole Martinez did her best to prove the opposite, mingling with actual blue blood at exclusive parties and events and posting glamorous photos and clips on her Instagram account, @imperialhouseofglodeni
Sandra’s story of identity fraud reminds us of the Italian conman who called himself “His Imperial and Royal Highness Stefan Cernetic, Hereditary Prince of Montenegro, Serbia and Albania” and managed to befriend members of some of the world’s most famous royal families
His story is even more fascinating than that of the Empress of Glodeni
the EU renewables arm of Ukrainian energy company DTEK
has signed the largest physical solar power purchase agreement (PPA) in Romania with OMV Petrom
the largest integrated energy producer in Southeastern Europe
grouping three PPAs with OMV Petrom over an 8.5-year period for approximately 100GWh per year at a fixed rate
including the sale of physical electricity and Guarantees of Origin
Physical delivery will start in January 2026
with OMV Petrom purchasing 62% of the energy produced by DRI’s Glodeni I and Glodeni II solar plants – these projects have a combined capacity of 113MWp
OMV Petrom will purchase 50% of the production from DRI’s Vacaresti 126MWp solar project
“This is an important agreement for DRI and the Romanian renewables sector as the largest physical solar offtake deal ever in Romania
Securing long term corporate offtake agreements is essential to facilitate renewable energy growth
and it demonstrates that clean energy offers a competitive alternative
We are delighted to have signed this deal with OMV Petrom
one of the largest and strongest Romanian businesses
we help to both accelerate Romania’s energy transition and OMV Petrom strategic goals,” John Stuart
Energy produced by DRI projects not sold under the OMV Petrom PPA will be sold into the market by DTEK’s subsidiary D.TRADING
DRI currently has 299MW in its portfolio in Romania
including the first wind farm built in the country in a decade
The company aims to deliver 1GW of renewable energy and battery storage projects in Romania by 2030
DRI now boasts a 1.3GW portfolio of operating projects
construction projects and others in various stages of development – in line with its goal to build a 5GW portfolio by 2030
DRI has four priority countries it operates in: Croatia
and battery storage projects in these countries
DRI is driving sustainable energy solutions in Europe
they have two projects in operation in Romania
and another ten in various stages of development across the continent
The Ruginoasa windfarm and Glodeni solar park are DRI’s first two operational projects and mark the inaugural step in DRI’s target to install 1,000MW renewable energy capacity in Romania
the Ruginoasa windfarm and Glodeni solar park represent a combined investment of €150 million
yielding an annual electricity output of 225,000 MWh
This output translates to powering more than 58,500 homes annually while concurrently avoiding carbon emissions by 57,000 tonnes per year
DRI will start the construction of a fourth project in Romania in the new year
the Ruginoasa windfarm features ten on-shore Vestas V162-6.0 MW turbines
Construction began in March 2023 and in just ten months
the windfarm was operational and providing electricity to the grid
It is the first wind farm built in Romania in a decade and is expected to have an energy production lifetime of over 30 years
Project Glodeni I is a solar park with 53MWp capacity
construction on the park commenced in March 2023
with grid connectivity achieved by January 2024
The project consists of three solar fields equipped with bifacing panels
maximising energy capture from both frontal and rear aspects
this project has an energy production lifetime of 30 years
Project Glodeni II will be a solar park with 60MWp capacity
is expected to be operational in the summer of 2025
and preparatory construction work started in 2024
will be located alongside DRI’s operational 53MW solar park in the same region
The two projects combined will make one of the largest solar parks in the country in terms of size
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DRI has signed Romania’s largest-ever power purchase agreement (PPA) with OMV Petrom
covering three solar projects and 100 GWh of annual generation
Amsterdam-based DRI, a renewables subsidiary of Ukraine’s DTEK, has signed a PPA with Romanian energy producer OMV Petrom in Romania
OMV Petrom will purchase 62% of the electricity generated by DRI’s Glodeni I and Glodeni II solar projects
The arrays are set to have a combined capacity of 113 MW
The agreement also encompasses the sale of 50% of the output from DRI’s 126 MW Vacaresti solar project
which is set to begin construction in January 2025
The deal will be applicable from January 2027
the PPA accounts for approximately 100 GWh of annual electricity generation at a fixed rate over an 8.5 year period
As it covers both the physical sale of electricity and guarantees of origin
it has been billed as the largest signed in Romania to date
Electricity generated by DRI’s projects not covered by the OMV Petrom PPA is set to be sold on the market through DTEK’s subsidiary
Romania hit 2.6 GW of solar capacity by the end of 2023. Earlier this month, the Romanian authorities allocated 1.52 GW of renewable energy capacity in the country’s first renewables auction
More articles from Patrick Jowett
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EUROPA PENTRU TINE!Află despre beneficiile și oportunitățile oferite Republicii Moldova de Uniunea Europeană
Chișinău - Prime Minister Dorin Recean has met a group of elderly people from the northern Glodeni district
on the International Day for Older Persons
The discussion was focused on the challenges faced by the elderly people
as well as on the actions taken by the cabinet to back these people
the government prioritizes the improvement of the living standards of the elderly people
including by giving access to quality medical and social services
among which the increase in the minimum pension by 143 per cent and of the average pension – by 90 per cent
assistance was allocated for the cold period of the year and one-off financial support for the pensioners born before 1945 and the ones with pensions lower than 3,000 lei
Other actions undertaken regard the extension of the list of compensated medicines
as well as the introduction of the pension for long career
through which the people with full length of service have possibility to retire in advance
„We are with the elderly people not only today
We respect them for the generations which they brought up and educated
as well as for the support which they give us on the way of development and modernization
we edify the European Moldova and provide a better living for all people from our villages and cities.’’ Prime Minister Dorin Recean said
The elderly residents from the Glodeni district referred to the need to diversify the services covered by the health insurance policy
as well as the lack of interurban public transport
the citizens touched upon the prices for drinking water and gas and PM Recean repeatedly assured them that the tariffs would not grow in the cold season
All materials featured on this site are licensed under Creative Commons Attribution-ShareAlike 4.0 International (CC BY-SA 4.0)
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DRI is rapidly increasing its presence in Romania
it acquired its third project in the country – a 126 MW solar park
DRI's Ruginoasa wind farm in Romania (photo: DRI)
Vladimir Spasić
0
DRI is rapidly increasing its presence in Romania. Just two months ago, DRI acquired its third project in the country – a 126 MW solar park in Văcărești in Dâmbovița County
is DRI’s fourth renewable energy investment in Romania
Its renewables portfolio in the country has now reached 299 MW
which handled the initial phases of the project
including securing the land and obtaining the necessary permits
The Glodeni II PV plant is expected to be operational in the summer of 2025
DRI will add value through its extensive engineering
The Glodeni II solar park is expected to be operational in the summer of 2025
and preparatory construction work was launched earlier this year
The project is estimated to produce 86.4 GWh of electricity annually – enough to power more than 22,400 homes and reduce carbon emissions by 21,800 tonnes per year
Glodeni II will be located alongside DRI’s operational 53 MW solar park in the same region
DRI also operates a 60 MW wind farm in Ruginoasa
the first wind farm built in Romania in a decade
The construction of the solar power plant in Văcărești
is expected to start by the end of this year
the company plans to build 1 GW of renewable energy capacity in Romania by 2030
“We now have two projects that are producing energy and two projects in development
said that the sale of the project to DRI allows the firm to focus on new development projects
while their partner will bring the necessary expertise to manage and operate this major investment
DRI said that its strategy is to develop projects through acquiring greenfield projects and portfolios (from early-stage to ready-to-build) and partnering with local developers
a Cluj-based company operating in the renewable energy sector in Romania
the largest private energy investor in Ukraine
announce a new stage in their strategic partnership
The two companies are building a new 60 MW solar park in Glodeni (Mureș County)
which will cover 97 hectares and is located near the existing one
Preparatory construction began in May 2023
is expected to become operational in the summer of 2025
The new park it is expected to produce 86.4 GWh of electricity per year
Finas Group will develop the park to the ready-to-build stage
and DRI will add value through its extensive engineering
supply chain management and operations expertise
‘The sale of the park to DRI allows us to focus on new development projects
while our partner will bring the necessary expertise to manage and operate this major investment
This collaboration reflects our ongoing commitment to contribute to the expansion of renewable energy in Romania
our greatest achievement is that all the projects we have sold are also constructed
thus demonstrating our ability to turn plans into concrete and functional realities’
The two companies started their collaboration in December 2021
through the joint development of a 60 MW wind park in Ruginoasa
the biggest wind farm built in Romania in a decade
Both projects have been producing energy since the beginning of 2024
said: “Glodeni II is another step in DRI’s commitment to accelerate the energy transition in Romania
a country that is well placed to maximise its renewable energy potential and capacity
“We thank the Finas Group for once again partnering with us on this project
Together we are taking the next steps towards Romania achieving its 34% renewable energy target by 2030.”
to strengthen its position in the green energy market
in collaboration with the Swiss investment fund ReCap
is developing several 200 MW solar projects
which include 135 MW in Corund (Harghita County) and 65 MW in Jibou (Sălaj County)
with completion estimated for the spring of 2025
Finas also completed the construction in 2023 of a photovoltaic park with an installed power of 3 MWp in partnership with Datacor from Bistrița
Finas Group will reach over 500 MW of projects completed or under development
the company has 250 MW of energy storage projects underway
Finas Group recorded a profit of EUR 8 million from all companies it manages (real estate
of which EUR 5 million came from renewable energy
Finas has budgeted a profit of 11 million euros
the EU renewable energy arm of the DTEK Group
will build a new 60MW solar park in Glodeni
This is DRI’s fourth renewable energy project in Romania
bringing the company’s renewable energy portfolio in the country to 299MW
DRI also operates a 60MW wind farm in Ruginoasa
the first wind farm built in a decade in Romania
and a recently acquired 126MW solar park in Vacaresti
which is expected to start construction by the end of this year
Glodeni II solar park is expected to be operational in the summer of 2025
and preparatory construction work started earlier this year
The project is estimated to produce 86.4 GWh of electricity per year – enough to power more than 22,400 homes and reduce carbon emissions by 21,800 tonnes per year
DRI has again partnered with the Finas Group
construction management and operations expertise
“Glodeni II is another step in DRI’s commitment to accelerate the energy transition in Romania
DRI plans to build 1 GW of renewable energy by 2030 in Romania
and we now have two projects that are producing energy and two projects in development
“The sale of the project to DRI allows us to focus on new development projects
This collaboration reflects our ongoing commitment to contribute to the expansion of renewable energy in Romania,” noted Claudiu Sugar
DRI’s strategy is to develop projects through the acquisition of greenfield projects and portfolios (from early-stage to ready-to-build) and partnering with local developers
Renewable energy company DRI acquired its third project in Romania
The Văcărești solar farm is planned to have 126 MW in capacity
0
DRI, the renewable energy arm of DTEK Group in the European Union, purchased a photovoltaic project with an expected output of 205.8 GWh per year. The future solar park in Văcărești in Dâmbovița county, of 126 MW, would double the company’s operational portfolio in Romania
Its goal for the country is to reach 1 GW by 2028
DRI said it acquired the project from local developers
started producing electricity early this year
The Ruginoasa facility was the first of its kind to be built in the past decade in Romania
The construction of the Văcărești solar park will begin in autumn 2024 and it is expected to be completed the following autumn
The estimated annual production is equivalent to the average consumption of 50,000 domestic households
It also calculated that the PV plant would save 48,600 tons of carbon emissions per year
referring to the footprint of the EU’s power sector for 2022
The company based in the Netherlands said it would add value through its engineering expertise
and the flexibility of its capital structure
“The Văcărești project demonstrates DRI’s ambition to become a significant player in Romania
We believe that Romania has the means to become a hub for renewable energy
and the new contract-for-difference scheme encourages companies like DRI to continue to invest and help unlock Romania’s solar and wind energy potential”
The company said its strategy is to buy greenfield projects and portfolios (from early-stage to ready-to-build)
and acquire operating assets where it can add value
DRI is working on projects in Croatia for the Brda Umovi wind farm of 127.5 MW
Croatia
05 May 2025 - The delegations from the two countries met on the sidelines of the 10th summit meeting of the Three Seas Initiative
Bosnia and Herzegovina
05 May 2025 - The Trebinje 3 photovoltaic plant would have an installed capacity of 53.63 MW and an estimated annual production of 85.5 GWh
April 4 - Prime Minister Dorin Recean visited the cherry and apricot orchard of entrepreneur Valeriu Gheorghita in the village of Cobani
He appreciated the integration of new technologies and modern infrastructure by the farmer
has a water storage basin and a pumping station
thanks to the financial support provided by the Agency for Intervention and Payment in Agriculture
the entrepreneur has built a cold store with controlled atmosphere and received subsidies from the state
"Businessmen's effort means economic growth and more well-paid jobs
The government's priority is to create as many opportunities as possible for entrepreneurs
including new markets such as Europe," he said
Wind power plant Ruginoasa and photovoltaic park Glodeni have started delivering electricity to the transmission grid in Romania
Region/EU, Romania
0
DTEK Group has commissioned its first two power plants in Romania and outside its home market. The 60 MW Ruginoasa wind farm was completed in November while solar park Glodeni
started delivering electricity on January 5
They are the first in an EU portfolio that will span Italy, Poland, Romania and Croatia, the Ukrainian company said
It is developing it through its wholly-owned subsidiary DTEK Renewables International (DRI)
The goal is to reach 5 GW in installed capacity in the EU by 2030
is the only sizable wind power plant completed in Romania in the past year
The facility features 10 Vestas V162-6.0 MW turbines
DTEK valued the investment at EUR 43 million
at the same time as for the Glodeni photovoltaic unit
It is located in Mureș county in Transylvania
Together the two will generate 225 GWh per year
“Romania has embarked on building an energy system that is green
demonstrating the country’s ambition in this sector
honoring our partnership with the European Union’s Green Deal
We are delighted to have such important investments and investors in Romania
and we underline once more our key message for all companies in the global energy sector: come on over
Romania is open for business,” Minister of Energy Sebastian Burduja stated
This moment marks a further step forward in the integration of Europe’s and Ukraine’s energy systems as Ukraine moves towards EU accession
Chief Executive Officer of DTEK Maxim Timchenko said
The company is the largest producer of renewable energy in Ukraine
DTEK Group and Vestas signed a memorandum of understanding in December to complete the Tyligulska (Tylihulska) wind farm
The project is supported by the European Commission and the governments of Ukraine and Denmark
which would make it the largest in the country
DTEK said it is worth more than EUR 650 million
Investment in the Tyligulska wind power plant in Ukraine is valued at over EUR 650 million in total
Tyligulska’s second stage is set to consist of 64 wind turbines with 384 MW in total
DTEK has pointed out it is the world’s first wind farm built during a war
The site is near the Black Sea in the Mykolaiv oblast
Full-scale annual output is estimated at 1.7 TWh
equivalent to the electricity demand of 900,000 local households
DTEK said last month it would start construction in the second quarter
expecting to complete it by the end of 2025
It revealed that it would begin connecting new turbines before the end of this year
The group includes commodity trading firm and energy supplier D.Trading
natural gas and the operation of thermal power plants
energy-efficiency services and high-speed charging stations for electric vehicles
and numerous utility-scale units have lately been coming online
institutions and firms – accounted for 1.1 GW
It puts the category at the forefront of the energy transition and decarbonization in Romania