We continue to present the 2024 Energynomics Awards nominees of the year, with the “Best Newcomer / Best New Turnaround” section, a category supported by Photomate. The Best Newcomer / Best New Turnaround Award honours companies that have recently entered the Romanian market or have introduced the most innovative projects, technologies or business models in Romania. We reveal seven examples that demonstrate commitment, vision and significant impact on the energy sector. Only one of them will be honoured at the Gala on 4 December, but each and all the people involved in these projects deserve our respect for the positive changes brought to society. 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!
DRI – Developing a 299 MW portfolio in Romania
DRI, part of the DTEK Group, has launched its first operational projects in Romania, including Glodeni I (53 MW) and Ruginoasa (60 MW), and has obtained approvals to expand its portfolio with two other solar parks, Glodeni II (60 MW) and Văcărești (126 MW), which underline DRI’s commitment to renewable energy and Romania’s transformation into a regional energy hub.
Electrica – Expanding the portfolio with new business segments
Electrica has entered into a strategic partnership with EsyaSoft Holding, marking a national first in the production of energy transition solutions. Joint projects include the manufacture of energy storage systems, smart meters and infrastructure for electric vehicles. The initiative contributes to reducing the carbon footprint and positions Romania as a regional hub for advanced energy technologies. The partnership will create new jobs and supports the modernisation of national infrastructure.
Entek – New market entry in Romania
Entek, part of Turkey’s Tüpraș Group, has entered the Romanian market by acquiring a 214 MW solar project in Niculești. The transaction value of around 32.9 million euros underlines the interest in local renewable energy. The project is expected to produce over 300 GWh annually, powering 100,000 households and reducing carbon emissions. Entek’s entry reinforces Romania’s position as an attractive destination for green energy investments.
HELLENiQ Energy – Development in the Romanian photovoltaic sector
HELLENiQ Energy has expanded its activities in Romania, acquiring four photovoltaic projects with a total capacity of 211 MW. They will gradually become operational by 2025, helping to supply 100,000 households with renewable energy. The company, recognised for its transition to green energy, has set its sights on developing a portfolio of 600 MW in Romania, becoming a leader in the renewables sector.
Hexing Technologies Europe – The smart metering factory in Timisoara
Hexing Technologies has inaugurated the largest smart metering factory in Romania, with an investment of 15 million lei. Located in Timisoara, the factory produces smart meters, batteries and inverters for the European, North African and Middle Eastern markets. With a production capacity certified to EU standards, the plant creates more than 200 jobs and contributes to the modernisation of electricity grids.
Hidroelectrica – Partnership with Masdar for solar and storage projects
Hidroelectrica and Masdar have expanded their partnership to include photovoltaic and battery storage projects. The first investment of this joint venture is floating photovoltaic panels on seven reservoirs. With 2 GW of installed capacity planned, the collaboration positions Romania as a regional leader in sustainability.
Nala Renewables – New player with major deals for renewable projects
Nala Renewables has entered the Romanian market with the acquisition of a 99 MW wind project and a 61 MW photovoltaic park. The investment, worth almost 300 million euros, supports the production of more than 312 GWh annually. The projects contribute to Romania’s decarbonisation objectives and highlight the country’s attractiveness for international investors.