Electrica announces non-refundable European financing of approximately 4.9 million RON through the Modernization Fund for the project “Construction of an electrical energy storage capacity in batteries, related facilities, transformer stations, internal electrical networks, connection facility, fencing and access roads for CEF Vulturu”, from Vrancea county, according to a press release of the company. The installed […]
A subsidiary of the Electrica group announced the signing of the EPC contract for the Bihor1 photovoltaic project, 78.8 MW, with an 18 MWh storage battery. “Electrica announces the completion of the competitive procedure for the selection of an EPC Contractor and the signing, by Foton Power Energy S.R.L., its subsidiary, of an EPC (Engineering, […]
Last week, the procedure for obtaining the necessary permits for the construction of 15 electricity storage battery parks, with a capacity of approximately 1GWh, was launched, Electrica said in a press release. Electrica will thus capitalize on land from its heritage and take important steps in implementing its 2030 strategy, the company said. “The development […]
The Satu Mare 2 photovoltaic park, with an installed capacity of 27.056 MW, was put into operation, after an investment of over 20 million euros, informs the Electrica Group, through a press release “The completion of the Satu Mare 2 photovoltaic park represents more than an investment, it is concrete proof of our commitment to […]
A few hours after it was announced exclusively that Electrica could buy the company Distribuţie Energie Oltenia, the company announced that it would take out a loan of one billion euros for the acquisitions. ELECTRICA also wanted to buy, together with Hidroelectrica and SAPE, the assets of CEZ, but the Romanian companies lost to Macquarie, […]
Electrica has mandated BCR, BNP Paribas, Citi, ING, JP Morgan and Raiffeisen Bank to organize meetings with investors for a potential inaugural issue of green bonds in euros, the company says “Electrica, informs investors about the mandate granted to Banca Comerciale Romane S.A., member of Erste Group (“BCR”), BNP PARIBAS, CITI, ING, J.P. Morgan and […]
The international agency Fitch Ratings has upgraded the outlook of Electrica’s rating from “negative” to “stable” and confirmed the long-term rating at “BBB-“, the company announced. This positive development comes after a complex period, marked by global economic and energy challenges.Thus, Electrica’s rating is similar to Romania’s sovereign, but the company’s outlook is better than […]
Electrica announced that, on February 7, 2025, it completed the acquisition of Crucea Power Park SRL (CPP), whose main activity is the production of energy from wind sources. CPP is developing the “Crucea Est” wind project with an installed capacity in turbines of up to 138 MW and a projected electricity storage capacity of 60 […]
Electrica shareholders today approved the project for a 253 million euro wind farm that it will build in Dobrogea, Crucea Est. The approved project is “construction of a wind farm, medium voltage electrical network, electric park transformer station, 110 KV underground network, land fencing and connection to the National Power System (transformation station (110KV/400KV), LEA400KVA […]
Electrica has filed an administrative litigation action, filed with the Bucharest Court of Appeal, against the National Energy Regulatory Authority (ANRE), according to a company statement. The court action concerns the method of establishing regulated electricity distribution tariffs, which were increased at the beginning of this year. Thus, Electrica requests the partial annulment of the […]
The Romanian state would like to re-become a majority shareholder in Electrica SA and is analyzing ways to do so, Economedia wrote, citing sources. The answer of the Minister of Energy to our question confirms that there is a concern in this regard. The state would like to buy back part of the shares of […]
On Friday, the documents for the establishment of the new company within the Electrica Group, called Electrica Esyasoft Smart Solutions S.A., were officially signed. Electrica Esyasoft Smart Solutions S.A., owned 25% by Societatea Energetică Electrica S.A. and 75% of Esyasoft Enterprise Holding RSC LTD, will focus on smart grid technologies (including storage solutions – batteries […]
Electrica (ELSA) will convene the shareholders to approve the guarantee of a loan of 200 million euros necessary for investments in networks in the next three years, according to an information sent to the Bucharest Stock Exchange. Here is an extract from the notice published by Electrica for the AGEA that will take place at […]
Electrica signed an agreement to access a non-refundable European financing in the amount of approximately 3.4 million euros through the National Recovery and Resilience Plan (PNRR). The funds will be used for the development of an electricity storage project in the town of Fântânele, Mureș county. The total value of the project is estimated at […]
