OMV Petrom and RNV Infrastructure have taken final investment decision on three wind projects totaling approximately 300 MW in Romania. The Gura Văii (50 MW), Podu Turcului (100 MW), and Poiana (155 MW) projects hold all necessary permits, with staged production expected from the first half of 2027.
Etem Gestamp has signed a 10-year virtual power purchase agreement with Rezolv Energy to source electricity from the 461 MW VIFOR wind farm in Romania. The cross-border deal, the first publicly announced wind PPA in Bulgaria, complements Etem Gestamp's existing solar PPA to supply its automotive aluminium processing operations.
2 months ago • Bulgaria;Romania
Renalfa Power Clusters has acquired a 365 MWp solar project and a 400 MW/800 MWh BESS in Romania's Arad County. The new venture plans to combine and expand the assets into a power cluster with second-phase storage capacity reaching 400 MW/1,608 MWh, deploying dual-chemistry batteries and grid-forming technology.
2 months ago • Romania
Econergy Renewable Energy has finalized a €31 million project finance agreement with Kommunalkredit to support its 60MW Ovidiu solar plant in Romania. The funding facilitates the completion of the photovoltaic site and supports the integration of battery storage systems, marking a significant step in the developer's European growth strategy.
3 months ago • RomaniaIsrael-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.
UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.
Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.
Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.