We continue to present the 2024 Energynomics Awards nominees of the year, with the “Deal of the Year” section, a category supported by WTW Romania. Seven entries have been submitted. The selected projects represent outstanding examples of investment, international collaboration, and innovation in the energy sector. We will discover each project’s contribution to the development of Romania’s renewable energy infrastructure and their economic and social impact. Only one of them will be honoured at the Gala on 4 December, but each company and all the people involved in these projects deserve our respect and the widest possible promotion. We thank all the companies and personalities who have been involved in this endeavour to shape the image of the Romanian energy industry in 2024 through its achievements!
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HELLENiQ Energy – Large-scale renewable energy acquisitions in Romania
HELLENiQ Energy has taken an important step in diversifying its renewable energy portfolio by acquiring four photovoltaic projects with a total capacity of 211 MW. These projects, which will gradually become operational by September 2025, are designed to provide energy for approximately 100,000 households in Romania. With an estimated annual production of more than 300 GWh, they will make a significant contribution to reducing dependence on traditional energy sources and minimising greenhouse gas emissions. This acquisition marks another step in the company’s transition from the traditional fuel segment to green energy. The name change from Hellenic Petroleum to HELLENiQ Energy clearly emphasises this strategic direction. Furthermore, the establishment of the subsidiary HELLENiQ RES Romania SRL in 2024 shows the commitment to support the development of the local renewable energy market.
Jantzen Renewables – For selling the Helios 1 project
Jantzen Renewables has sold to OMV Petrom the Helios 1 photovoltaic project, located in Teleorman county. With an installed capacity of 710 MW, Helios 1 is one of the largest renewable energy investments in the region. The project is designed to provide electricity equivalent to the annual consumption of approximately 280,000 households, with an estimated output of 23,900 GWh over 25 years of operation. In addition, implementation involves a connection to the 400 kV electricity grid via a purpose-built transformer station. The Helios team announced that all relevant construction authorisations and permits have been obtained, including for the full grid connection.
Metka EGN – Strategic deals for renewable energy
Metka EGN, a subsidiary of the Mytilineos group, has demonstrated its expertise in the renewable energy sector by acquiring four photovoltaic projects in Oltenia, totalling a capacity of 290 MW. The projects, located in municipalities such as Brabova, Bucovăț and Pleșoi, will cover an area of more than 260 hectares and are designed to generate green energy for tens of thousands of households. After the acquisition, Metka EGN resold the projects to a Luxembourg-based investment fund and remained involved in their construction through EPC (Engineering, Procurement, Construction) contracts. This strategy emphasises the company’s ability to attract international financial resources and support the development of the Romanian PV sector.
Nala Renewables – Wind and photovoltaic acquisitions
Nala Renewables finalised two significant transactions in the Romanian renewable energy sector in 2024, adding 160 MW to its portfolio. The first transaction included the acquisition of a 99.2 MW wind farm in the east of the country, equipped with Vestas turbines and having a 12-year PPA. These projects represent a total investment of almost €300 million and underline Nala Renewables’ commitment to contribute to the global energy transition and support the growing demand for green energy.
PPC Renewables –For the acquisition of renewable energy portfolio from Evryo Group
Public Power Corporation Group (“PPC”) has acquired the renewable energy generation portfolio operated by the Evryo Group, assets which include the Evryo Wind Farm, operated by Tomis Team, MW Invest, Ovidiu Development and the Evryo Group’s hydropower system – operated by TMK Hydroenergy Power. By acquiring 629 MW of renewable energy and about 145 MW of assets under development, in a deal worth around €700 million, PPC Romania becomes the largest renewable energy producer in the country. PPC has a total installed capacity of 11.5 GW, consisting of thermal, hydro and renewables with a total annual generation of around 20 TWh, while the total regulated asset base in the networks amounts to around €4.3bn.
Premier Energy – Expanding renewable capacity through Mihai Viteazu Park
Premier Energy has acquired the 80 MW Mihai Viteazu operational wind farm from Iberdrola. This strategic transaction, worth almost €88 million, is a major milestone for Premier Energy, which aims to reach 1.5 GW of renewable capacity in the next few years. The Mihai Viteazu Park has an estimated annual production of 165 GWh, thus making a significant contribution to reducing Romania’s carbon footprint. Premier Energy continues to expand its portfolio, reaffirming its commitment to sustainability through high performance and efficiency standards.
YEO Technology – Innovative investments in solar energy
YEO Technology, in collaboration with Shanghai Electric Power, has signed an agreement for the development of a 130 MW photovoltaic power plant, marking a milestone in the promotion of clean energy in Romania. The project, which involves a strategic co-investment, is designed to reduce carbon emissions and support the growing demand for renewable energy. With detailed planning and more than a year of collaboration, YEO Technology reaffirms its commitment to sustainability, helping to transform the energy sector and build a greener future for Romania.