Clifford Chance Badea advised the leading renewable energy investor Nofar Energy, through its Romanian entities Solis Imperium and RTG Solar Energy, in the signing of a term loan facility agreement and a VAT facility agreement totaling EUR 122 million with […]
Distribution company Delgaz Grid, part of the E.ON group, will install, in the next five years, about one million smart meters at its customers in Moldova, which means that, together with the lots of smart meters already installed, 85 percent […]
Romania currently has 2.8 billion cubic meters of natural gas stored in underground storages, which represents over 88 percent of the total storage capacity. The European regulation stipulates that Romania had to have its deposits 65 percent full by July […]
A multijurisdictional Clifford Chance team has advised Erste Group Bank AG and BCR on financing the development of a 99.2 MW onshore wind project acquired by Nala Renewables from OX2. The deal includes a long-term power purchase agreement with a […]
Rețele Electrice Banat announces it will modernize the electricity distribution infrastructure in the city of Geoagiu and nine other adjacent localities in Hunedoara County; the modernization works are to be awarded through a public tender. The company Rețele Electrice Muntenia, […]
In the first half of 2024, E.ON performed in line with its Group full-year targets. The group reported adjusted EBITDA of 4.9 billion Euro and net income of 1.8 billion Euro. The company also further increased its investments year-over-year, made […]
Keeping the tradition of over 30 years and returning to Neptun- Romania, between June 16 and 19, the Romanian National Committee of the World Energy Council (CNR-CME) organized the FOREN 2024 Regional Energy Forum. The event was attended by over […]
Hidroelectrica Group records a decrease in operational and financial results for the first six months of 2024 compared to the same period in 2023, with a slight increase compared to the approved budget. Net profit decreased by 32 percent, from […]
In the first six months, Nuclearelectrica (SNN) obtained a net profit amounting to 843 million RON, down 34.6 percent compared to the same period of last year. Operating profit (EBITDA) decreased by 27.8% compared to the same period last year, […]
Transelectrica announced its financial results for the first six months of 2024, with a net profit of 264 million RON, a growth of 63 percent compared to the same period of last year. The segment of allowed-profit activities recorded a […]
