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 By continuing to browse this website, or closing this message, you agree to our use of cookies Romania wants to boost its wind energy again Energy Minister Sebastian Burduja summarised their plans at the Power Shift Summit in Bucharest on 29 October: onshore wind CfD auctions starting now; grid expansion underway with the support of EU funds; and the first offshore wind in the Black Sea to be operational by 2032 They’ve built very little in the last 10 years But they now want to increase the share of wind in their electricity mix to 36% by 2030 They have excellent wind resources and know-how They have what used to be Europe’s largest onshore wind farms: the 600 MW Fântânele-Cogealac They’re building a new 140 MW wind farm in Vaslui with GE Vernova turbines And Vestas have orders for a 190 MW wind farm in Buzau and 2 more worth 150 MW All these projects will go online next year Romania is expected to launch its first onshore wind auction in November They’re offering 2-sided CfDs supported by EU funding They’re also making good progress on offshore wind They adopted an Offshore Wind Energy Law in April with the goal of building a first offshore wind farm by 2032 They identified 2 sites – both for bottom-fixed – which they plan to start an auction process for next year At yesterday’s Power Shift Summit in Bucharest Energy Minister Sebastian Burduja talked about all of this He also highlighted the Government’s plans to stabilise their increasingly renewables-based grid They’re spending €1.2bn EU money from the Modernisation Fund to strengthen their grids and allocating €150m public funds to storage projects WindEurope CEO Giles Dickson told the Summit how Romania can deliver on its great wind potential They must ensure a clear and steady pipeline of new installations and CfD auctions – no more stop-and-go And the TSO Transelectrica must invest more and give more visibility on grid connection availabilities Up to 10 GW of wind projects at different development stages are currently waiting to get their grid connection approval WindEurope CEO Giles Dickson said: ‘’It’s very good Romania is building new wind farms again and are about to run their first CfD auction for onshore wind And it’s very good they’re preparing to start offshore wind in the Black Sea too And it’s good they’re focusing on their electricity grids too – they need major expansion and modernisation.” Please visit these standalone sites for more information GE Aerospace | GE Vernova | GE HealthCare  TORONTO---October 15, 2012---GE (NYSE: GE) today announced the installation of its 1,000th advanced technology 2.5-megawatt (MW) series wind turbine The milestone unit is going to CEZ Romania for use in the 600-MW Fantanele/Cogealac wind farm Earlier this year, GE announced its fleet of 2.5-MW series wind turbines had surpassed 2 gigawatts of installed capacity worldwide enough clean electricity to power approximately 1.4 million European households these machines are operating in 19 countries worldwide and have achieved more than 7 million hours of commercial operation "Today's milestone demonstrates the strong global acceptance of the 2.5-MW family of wind turbines," said Victor Abate "We will continue to work with our customers as we invest in the next generation of wind turbine technology to power the world into the future." GE shipped its first 2.5-MW series wind turbines in 2005 in Germany for the Okeler Bruch project being developed by Windstrom Nord GmbH und Co Okeler Bruch KG; and for the Herzfelde project being developed by Eilers Windkraft GmbH und Co KG An evolutionary product, the 2.5 series includes the 2.5-88, 2.5-100, 2.5-103, 2.75-100 and 2.75-103 models offering high efficiency and reliability for a broad range of wind conditions higher towers and greater hub heights than previous models GE has supplied 240 2.5-MW series wind turbines for phases 1 and 2 of the Fantanele/Cogealac wind park project in Dobrogea which is one of the most promising wind power regions in the country "We are pleased to receive GE's 1,000th 2.5-MW series wind turbine a milestone for GE and for the industry," said Martin Zmelik "This technology is proven in applications worldwide and offers the efficiency reliability and output necessary to make the CEZ Wind Farms in Fantanele/Cogealac a successful and profitable endeavor commitment to increase the amount of renewable sources In addition to Fantanele/Cogealac, GE's 2.5-MW series wind turbines are powering another of the world's largest wind projects, the 845-MW Shepherds Flat wind farm in Oregon developed by American power company Caithness Energy featuring the first use of the 2.5-MW technology in the United States is capable of supplying clean electricity for approximately 235,000 U.S GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com GE Power & Water provides customers with a broad array of power generation energy delivery and water process technologies to solve their challenges locally Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal The business also develops advanced technologies to help solve the world's most complex challenges related to water availability and quality Numerous products are qualified under ecomagination GE's commitment to providing innovative solutions that maximize resources drive efficiencies and help make the world work better Power & Water's seven business units include Aeroderivative Gas Turbines; Gas Engines; Nuclear Energy; Power Generation Services; Renewable Energy; Thermal Products and Water & Process Technologies Power & Water is GE's largest industrial business Follow GE Power & Water and GE's renewables business on Twitter @GE_PowerWater and @GErenewables Lindsay TheileGE Global Research [email protected] +518-385-3194 Ken DarlingMasto Public Relations [email protected] 1-518-786-6488 Beth CoffmanSoteryx Corporation [email protected] +1 518 886 1076 GE newsMasto Public Relations [email protected]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 CWP Europe’s Studina solar power plant is expected to be operational by the end of 2024 , 0 The Studina solar power plant will generate enough green electricity to supply some 115,000 households helping reduce greenhouse gas emissions by more than 95,000 tons a year CWP Europe’s solar power plant will supply 115,000 homes and help Romania meet targets from NECP The project will also increase clean and reliable electricity generation in Romania and help the country meet targets in its National Energy and Climate Plan (NECP) George Agafitei: Romania aims to reduce emissions 55% by 2030 Romania aims to cut greenhouse gas emissions by 55% and reduce its dependence on energy imports from 20.85% to 17.8% by 2030, according to George Agafitei, state counsellor in the Romanian government. The country also intends to remove 4.59 GW coal-based energy by 2032, said Agafitei, who will be one of the speakers at Belgrade Energy Forum 2023 on May 8-9 CWP has developed Europe’s largest onshore wind farm and battery storage projects under development CWP is the leading international renewable energy developer in the region Founded in 2006, CWP has developed Europe’s biggest onshore wind farm, the 600 MW Fantanele Cogealac in Romania. The wind farm, with 240 turbines, was built in an investment of EUR 1.1 billion. The company has also developed the largest wind farm in Serbia The company has renewables projects under development across Southeast Europe