/LONDON, December 16, 2021, 10:00 GMT, Alerion Clean Power, RENEWABLE MARKET WATCH^TM/ The Italian company Alerion Clean Power S.p.A. has signed with Black Sea Wind Partners S.r.l. (a leading company in the development of wind projects in Romania) a development agreement for 3 new wind farm projects in Romania, with a capacity of up to 550 MW. The authorization process for the plants under development is expected to be completed by the end of 2024. The agreement reinforces the growth program that Alerion is pursuing abroad, particularly in Romania. Furthermore, Alerion will accelerate the growth in a market with very large growth perspectives, thanks also to the renewable development plans promoted by the Romanian government. In May 2021, Alerion signed an agreement with Monsson Alma to develop three new wind farm projects in Romania with 350 MW total capacity. The Moldova and Dobrogea provinces (in the southeast of the country, near the Black Sea) were considered the most appropriate areas for wind farm developments, according to the Romania Wind Power Market Outlook 2021÷2030. 

/5^th May 2021, Alerion Clean Power, RENEWABLE MARKET WATCH^TM/ The Italian company Alerion Clean Power S.p.A. has signed with Monsson Alma, a leading company in the development of wind projects in Romania, and the shareholders of the relevant project companies a development agreement for 3 new wind projects in Romania, with a capacity of approximately 350 MW. The authorization process for the plants under development is expected to be completed by the end of 2022. The agreement will allow Alerion to accelerate the growth in a market with very large growth perspectives, thanks also to the renewable development plans promoted by the Romanian government. The Moldova and Dobrogea provinces (in the southeast of the country, near the Black Sea) were considered the most appropriate areas for wind farm developments, according to the Romania Wind Power Market Outlook 2021÷2030. The southeast of Dobrogea was ranked second in terms of potential in Europe according to specialized studies. Romanian wind potential is estimated at around 14,000 MW (14 GW) installed capacity, generating about 23 TWh. per year.

/18^th December 2020, RENEWABLE MARKET WATCH^TM/ Solar photovoltaic (PV) power in the European Union had a strong performance in 2020 despite the negative health, social and economic effects of the COVID-19 (Coronavirus) pandemic, revealed the recent update of Europe Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030.  The EU member states installed 18.2GW of solar power capacity in 2020, an 11% improvement over the 16.2GW deployed in the previous year, according to the recently released report EU Market Outlook for SolarPower 2020-2024 by SolarPower Europe. With minimal solar power installation activity in Bulgaria and Romania in the last few years, the prediction model of SolarPower Europe shows the up-and-coming gigawatt new solar photovoltaic (PV) capacity addition opportunities for Bulgaria and Romania by 2024. SolarPower Europe’s growth assumptions are much higher than the targets formulated by EU member states in their National Energy and Climate Plans (NECP). But with drivers for solar energy in Europe only getting stronger, the foundation is laid for further rapid growth in the coming years.

/23^rd September 2019, RENEWABLE MARKET WATCH^TM/ The solar photovoltaic development in Romania was started with small scale photovoltaic installations below 30 KW in 2006. Contrary to the rapid expansion of the wind market in Romania, the photovoltaic power capacity remained relatively unchanged by the end of 2011. With the introduction of support mechanisms in the law in 2008 and the subsequent amendments in 2010, 2011 and 2012, the Romanian photovoltaic energy market started growing since the second half of 2012. Thus, the country's solar PV market performed impressive growth in 2013 and was amongst the best performing solar markets in the world. Romania had a cumulative photovoltaic installed capacity of only 41MW for 2012 and only for one year, this capacity exceeded 1,293MW (1.29 GW) by the end of 2014, which was a more than a 20-fold increase from the 2012 level. Romania finished the year 2013 at fourth place in Europe by installed new photovoltaic capacity measured on a year-on-year (y-o-y) basis.

/18^th May 2020, RENEWABLE MARKET WATCH^TM/ Romania had the cumulative installed capacity of 1,390 MW (1.39 GW) as of 1^st January 2020, according to the recently published report Romania Solar Photovoltaic (PV) Power Market Outlook: 2020 ÷ 2030. The photovoltaic development in Romania was started with small scale photovoltaic installations below 30 KW in 2006. Contrary to the rapid expansion of the wind market in Romania, the photovoltaic power capacity remained relatively unchanged by the end of 2011. After that, Romania was an emerging market for photovoltaic energy investments amongst SEE countries by the end of 2014. The maturing photovoltaic markets in Germany, Spain, France, Czech Republic, Greece, Italy and Bulgaria allowed investors to look for new opportunities among South-East European (SEE) nations and Romania was one of the best alternatives. Furthermore, Romania was one of the major destinations for the Chinese solar power plant investors in Central and Eastern Europe between 2012 and 2015. By the end of 2011, the country had approximately 3 MW installed capacity, by the end of 2012 this capacity increased fourteenfold to approximately 42 MW, and with a more than thirty-fold explosive growth cumulative installed capacity reached 1,293 MW (1.29 GW) by the end of 2014. However, solar photovoltaic market growth in Romania between 2015 and 2019 was moderate, with only 97 MW of newly installed capacity in this period.

/BUCHAREST, July 14, 2023, 14:00 BST, OMV Petrom/ OMV Petrom, the largest integrated energy company in Southeast Europe, signed an agreement at the end of June 2023 for the purchase of several projects for the construction of photovoltaic parks in Teleorman County. The projects are being developed by the Danish developer Jantzen Renewables ApS. The completion of the transaction is estimated for the second quarter of the next year, when the projects will reach the "ready-to-build" phase. The installed power of these photovoltaic parks will be ~710 MW. The parks will be one of Southeast Europe's most significant photovoltaic projects, powering the equivalent consumption of ~280,000 Romanian households annually.

/BUCHAREST, July 13, 2022, 9:30 GMT, PHOTON ENERGY N.V./ Photon Energy N.V. announces that it has broken ground on the construction of its second Romanian PV power plant, which will have a generation capacity of 4.7 MWp. High-efficiency bifacial solar modules mounted on single-axis trackers will deliver around 6.8 GWh of renewable energy annually to the grid of Distribuție Energie Electrică Romania, which will be sold on the energy market on a merchant basis, without any support or a power purchase agreement with an energy offtaker. The new power plant is scheduled to commence operations in the fourth quarter of 2022. Located near Aiud in Romania’s Alba County, the power plant will extend over 6.6 hectares of greenfield land and will be equipped with some 8,700 solar panels.

/BUCHAREST, August 29, 2023, 9:30 BST, PHOTON ENERGY N.V./ Photon Energy N.V. announces that Photon Energy Engineering Romania S.R.L. – the Group's Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services – has completed and grid-connected two photovoltaic (PV) power plants in its Romanian market. The power plants have a combined generation capacity of 10.3 MWp. We are excited to have expanded our portfolio of operating solar PV assets by an additional 10.3 MWp,’ said Georg Hotar, CEO of Photon Energy Group. ‘Following the commissioning of our first six power plants in Romania earlier this year, the commissioning of the installations in Făget and Săhăteni represents another important milestone for Photon Energy in the Romanian renewable energy market, where we have an additional capacity of around 20 MWp in five different locations at an advanced stage of construction.’

/LONDON, November 10, 2021, 14:30 GMT, RENEWABLE MARKET WATCH^TM/ The 155MW project will be one of Romania's largest solar photovoltaic power plants. It is located on Ratesti, Arges county, on a land plot with approximately 165 hectares. There is no information disclosed about the deal price. Earlier this year, Portland Trust announced its plans to create a portfolio of more than 500MW solar projects in Romania. According to the Renewable Market Watch, this deal is only the beginning of many deals for new large scale solar projects in Romania that local and international investors will announce in 2022 and 2023.

/LONDON, January 18, 2022, 9:15 GMT, RENEWABLE MARKET WATCH^TM/ This 50MW solar photovoltaic (PV) project is the first crucial step in the planned 500MW pipeline of renewable energy projects in Romania by 2025. It is located in Sărmăşag, Sălaj County of Romania, and the estimated investment for its realisation is EUR 40 million. The estimated аnnual energy production (AEP) is 60,000 MWh. The final commissioning of the project is scheduled for the end of Q1 2022. Through this project, Restart aims to create 100 temporary jobs (during construction) and 15 permanent jobs - during operation. Furthermore, Restart Energy has planned to purchase or develop 100MW renewable energy projects (solar, wind, biogas, biomass and geothermal) each year.

/11^th August 2020, RENEWABLE MARKET WATCH^TM/ This market report offers an incisive and reliable overview of the country's solar photovoltaic sector for the next long term period 2020 ÷ 2030. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12^th largest country and also the 7^th most populous member state of the European Union, having almost 20 million inhabitants. The current cumulative installed PV capacity grew up from 29 MW in 2012 to over 1350 MW in 2018. The number of green certificates was reduced in 2014, but the Romanian market has good chances to add more cumulative installed PV capacity in the next 2 years, especially under net metering and self-consumption commercial and residential installations.

/LONDON, September 16, 2022, 10:00 BST, RENEWABLE MARKET WATCH^TM/ This market report offers an incisive and reliable overview of the country's solar photovoltaic sector for the next long-term period, 2022 ÷ 2031. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12^th largest country and also the 7^th most populous member state of the European Union, having almost 20 million inhabitants. The current cumulative installed PV capacity grew up from 29 MW in 2012 to over 1458 MW in 2021. After positive legal and regulatory changes from 2020 to 2022, the Romanian market has a good chance to add more cumulative installed PV capacity in the next 2 years, especially under net metering and self-consumption commercial and residential installations.

/LONDON, April 19, 2023, 14:00 BST, RENEWABLE MARKET WATCH^TM/ This market report offers an incisive and reliable overview of the country's solar photovoltaic sector for the next long-term period, 2023 ÷ 2032. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12^th largest country and also the 7^th most populous member state of the European Union, having almost 20 million inhabitants. The cumulative installed PV capacity grew from 29 MW in 2012 to over 1,700 MW (1.7 GW) in 2021. After positive legal and regulatory changes from 2020 to 2022, the Romanian market can add more cumulative installed PV capacity in the next two years, especially under net metering and self-consumption commercial and residential installations.

/16^th April 2021, RENEWABLE MARKET WATCH^TM/ This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next long term period 2020 ÷ 2030. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12^th largest country and also the 7^th most populous member state of the European Union, having almost 20 million inhabitants. The current cumulative installed PV capacity grew up from 29 MW in 2012 to over 1380 MW in 2020. 

/14^th January 2021, RENEWABLE MARKET WATCH^TM/ This market report offers an incisive and reliable overview of the country's solar photovoltaic sector for the next long term period 2020 ÷ 2030. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12^th largest country and also the 7^th most populous member state of the European Union, having almost 20 million inhabitants. The country had cumulative wind power installed capacity of 14 MW at the end of 2009. Following explosive growth only for four years between 2010 and 2014 cumulative installed capacity exceeded 2,844MW (2.84GW) by the end of 2014. Romania’s potential in wind energy is considered to be the highest in South-Eastern Europe. The Moldova and Dobrogea provinces (in the southeast of the country, near the Black Sea) were considered the most appropriate areas for wind farm developments. The southeast of Dobrogea was ranked second in terms of potential in Europe according to specialized studies. Romanian wind potential is estimated at around 14,000 MW (14 GW) installed capacity, generating about 23 TWh. per year.

/LONDON, October 12, 2021, 10:00 BST, RENEWABLE MARKET WATCH^TM/ This market report offers an incisive and reliable overview of the country's solar photovoltaic sector for the next long term period 2021 ÷ 2030. Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12^th largest country and also the 7^th most populous member state of the European Union, having almost 20 million inhabitants. The country had cumulative wind power installed capacity of 14 MW at the end of 2009. Following explosive growth only for four years between 2010 and 2014 cumulative installed capacity exceeded 2,844MW (2.84GW) by the end of 2014. Romania’s potential in wind energy is considered to be the highest in South-Eastern Europe. The Moldova and Dobrogea provinces (in the southeast of the country, near the Black Sea) were considered the most appropriate areas for wind farm developments. The southeast of Dobrogea was ranked second in terms of potential in Europe according to specialized studies. Romanian wind potential is estimated at around 14,000 MW (14 GW) installed capacity, generating about 23 TWh. per year.

/23^rd December 2020, STEAG, RENEWABLE MARKET WATCH^TM/ The German company STEAG sells its Romanian onshore Wind Farm Crucea to the Romanian producer of renewable energies Hidroelectrica. This has to be seen in connection with the strategic realignment of STEAG, concerning the new company’s strategy to focus on the French wind energy market. STEAG currently operates wind farms in both France and Germany. 

/26^th May 2021, 3SIIF/ The Three Seas Initiative Investment Fund, invests in RP Global-backed renewables developer Enery Three Seas Initiative Investment Fund S.A. SICAV-RAIF (‘3SIIF’, ‘the Fund’) announces that it has made its first investment in the energy sector, acquiring a significant interest in Enery Development GmbH (‘Enery’), an operations-led renewable energy developer. The existing shareholders, RP Global and Enery Management, will remain invested with a long-term vision to partner for growth within the Three Seas region. The investment is due to complete following merger control approvals. Enery owns a portfolio of 85MW of operating solar generation assets in Bulgaria, Czech Republic and Slovakia and has a significant development portfolio of over 2GW in a number of Three Seas countries, including Romania, Bulgaria, the Czech Republic and Slovakia. Solar Photovoltaic (‘PV’) generation has yet to be widely deployed in Central and Eastern Europe (‘CEE’) despite the ideal conditions with high levels of irradiation and availability of suitable land. The increasingly pressing requirement to decarbonise the CEE region is expected to present substantial opportunities for renewables investment in the near term.