PPC is taking over an operational renewables and battery portfolio of 629 MW in Romania from funds run by Macquarie Asset Management , 0 The firm is owned by funds managed by Macquarie Asset Management, headquartered in Australia The agreement has a total enterprise value of approximately EUR 700 million The enterprise value of the assets changing hands is estimated at EUR 700 million The acquisition strengthens the group’s growth strategy in Romania and Southeast Europe 6 MW of operating power in the battery energy storage systems (BESS) segment and 1 MW in photovoltaic capacity PPC left out the details, but purchases of ripe projects are accelerating in Romania. In addition to a thriving solar power market, wind power investments are picking up and investors are starting a wave of groundbreaking ceremonies Of note, Axpo, an energy trading firm headquartered in Switzerland arranged a seven-year deal in 2021 for 50% of electricity from Fântânele-Cogealac-Gradina The acquisition is making the Greek company the biggest renewable electricity producer in Romania after Hidroelectrica Evryo Group still owns Distributie Energie Oltenia one of the country’s regional electricity distribution system operators the renewables portfolio that PPC has in operation in Romania will nearly double and the group total reaches 5.3 GW Currently the installed capacity in the country amounts to 707 MW the company said today in a presentation of the results from the first half of 2024 that it has secured 80% of the capacity it needs to hit its 2026 renewables target of 8.9 GW It had 4.7 GW in operation at the end of June and 3.3 GW under construction or ready to build The company said it has extensive experience in operating green energy projects and a substantial solar pipeline in Greece The funding structure keeps the leverage ceiling well within the target PPC Group estimated the added annual earnings before interest and amortization (EBITDA) at EUR 100 million upon completion Citigroup Global Markets Europe AG and Euroxx Securities SA are the financial advisors and Clifford Chance is the energy company’s legal advisor for the takeover PPC expressed the expectation that its acquisition would close by the fourth quarter It is subject to conditions including antitrust approval Be the first one to comment on this article 02 May 2025 - The project is located in Constanța county recognized for its superior yields in green energy production 02 May 2025 - The Sunčana (Sunny) Vipava project envisages installing solar power plants with a combined capacity of 20 MW 30 April 2025 - OMV put into operation its 10 MW green hydrogen plant at the Schwechat refinery 30 April 2025 - It is the second time this year that MVM contracted gas-fueled and hydrogen-ready power plants at sites of former fossil fuel facilities © CENTER FOR PROMOTION OF SUSTAINABLE DEVELOPMENT 2008-2020 website developed by ogitive CEZ Romania is looking to improve the efficiency of its Fantanele-Cogealac wind farm with 240 turbines and a total installed capacity of 600 MW The annual production of a wind turbine is up to 6 GWh equivalent to an annual electricity consumption of 3,000 households the total energy production in Fantanele-Cogealac was 143.5 GWh monthly and 12 GWh daily CEZ wind farm is located 17 km from the Black Sea and it required a total investment of around 1.1 billion Euro The entire capacity of the wind farm was put into operation at the end of 2012 four years after the beginning of the works CEZ Group in Romania recently launched a new service called CEZ Verde 720 residential customers and 30 companies have opted to replace the electricity supply contract from conventional sources with the one that guarantees the supply of green energy This is part of a long-term strategy for CEZ to build environmentally friendly communities through renewable energy production RNV Infrastructure is developing a 629 MW wind power project in Galați county in Romania through its subsidiaries Photo: Iwona Castiello d'Antonio on Unsplash 0 A company run by some of the people that installed Europe’s biggest onshore wind park, the Fântânele-Cogealac in Romania, is working on a project that would surpass it in size, Ziarul Financiar reported Hoopeks International has obtained the technical approval for connecting a 629 MW facility in Galați county in the country’s east, according to data from transmission system operator Transelectrica. The project company is owned by RNV Infrastructure through its subsidiary Electrocentrale Borzeşti, which took over the defunct Borzeşti gas power plant in 2019 A former development chief from CEZ Romania is one of the shareholders of RNV Infrastructure The Fântânele-Cogealac system has a nameplate capacity of 600 MW. Macquarie Infrastructure and Real Assets (MIRA) acquired the wind power plant from ČEZ two years ago Among the shareholders of RNV Infrastructure is Doru Voicu former state secretary in the Ministry of Economy He was the development chief in CEZ Romania at the time when the project was under construction Romania is rushing to boost its wind farm capacity to meet tight deadlines for European funding The Romanian media outlet estimated Hoopeks International’s project at EUR 500 million Electrocentrale Borzeşti recently signaled that it wants to restart the gas power plant but in a combination with green energy facilities Of note, a 633 MW wind power project is being developed in neighboring Serbia. 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 05 May 2025 - VDE Renewables found that SolarEdge’s advanced safety capabilities minimize photovoltaic system risks and effectively prevent fire hazards Czech utility CEZ connected the 240th wind turbine to the grid on Thursday completing the 600MW Fantanele – Cogealac wind farm which became the largest onshore wind farm in Europe CEZ has invested EUR 1.1 billion in the Romanian farm It took less than two and a half years to connect the GE turbines The farm is located some 17km from the Black Sea, in the Dobrogea region. Foreign and domestic investors alike have developed major renewable projects in this area, due to powerful winds and a generous green certificate support scheme.  Energy experts have recently voiced their concern regarding the wind boom in Dobrogea. The grid operator Transelectrica needs new power lines to transport the wind output from Dobrogea to consumers but it lacks funding for these critical investments The lawyers working on these projects say investors have to pay for the grid reinforcement and the set up of new power lines across Romania CEZ acquired the project for building the Fantanele-Cogeleac wind park from Continental Wind Partners LLC in August 2008 Romania had 1.775MW of incentivized wind capacities by October, according Transelectrica. Wind is currently granted 2 green certificates, which are trading close to the maximum price of EUR 55 per certificate. CEZ said it will use the Romanian experience for building wind farms with a total installed capacity of 700MW in Poland The utility acquired a majority stake in the Polish wind developers Eco-Wind Construction which has fifteen projects in different implementation stages Ovidiu Posirca We use cookies for keeping our website reliable and secure providing social media features and to analyse how our website is used Czech energy company CEZ has officially launched the divestment process in Romania 0 Investors can express their interest both for the entire bulk “We have included seven Romanian companies in the market sounding (Energy Distribution Oltenia The testing of market interest is carried out by CEZ’s exclusive investment advisor Société Générale,” CEZ said in a press release The assets up for sale include one of the largest distribution companies in the country (customer portfolio of 1.4 million 6 826 GWh of electricity delivered in 2018) Europe’s largest on-shore wind park Fantanele-Cogealac (600 MW installed capacity consisting of four dam reservoirs and four small hydroelectric power stations (22 MW in total 83 GWh produced in 2018) and electricity and gas sales to end customers (3,425 GWh sold in 2018) CEZ intends to keep its companies engaged in energy services (ESCO) activities and part of the trading business The divestment of the Romanian assets is in line with CEZ Group’s new strategy The strategy envisages the gradual sale of assets in Bulgaria, Romania, Turkey, and partly also in Poland. In June CEZ sold its assets in Bulgaria The company entered the Romanian energy market in 2005 with the purchase of one of the distribution companies Wind developer Monsoon Group and Vestas will build a new wind farm in Constanta County The project totals EUR 250 million and will create 250 new jobs “Pantelimon wind park will be finalized in the summer of 2012 producing clean energy for 100,000 households in the same time cutting yearly carbon emissions by 360,000 tons,” said Andrei Muntmark Vestas will provide the 50 wind turbines necessary for this project. The company has already installed 119 turbines for several wind parks in Romania, with an installed capacity of 320 MW.    Monsson has developed 2,400 MW of wind installations out of which 750 MW have been sold to Continental Wind Partners The Group wants to increase its own electricity generation from 25 to 200 MW in the next 3 years The company developed Fantanele-Cogealac wind park providing social media features and to analyse how our website is used.