SUBSCRIBE
PROFILE

Econergy sells a 214MW project and maintains its leadership in Romania

Econergy has completed the sale of its 214 MW Niculești solar project in Romania, strengthening its position with nearly 2 GW of projects.

Share:

Vente projet solaire Niculești Roumanie

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE
Econergy recently signed an agreement for the sale of its Niculești solar project. The project, with a capacity of 214 MW, is at an advanced stage of obtaining building permits and should soon reach the “ready-to-build” stage. Agreement with a Balkan conglomerate The agreement was signed with a subsidiary of…

Econergy recently signed an agreement for the sale of its Niculești solar project. The project, with a capacity of 214 MW, is at an advanced stage of obtaining building permits and should soon reach the “ready-to-build” stage.

Agreement with a Balkan conglomerate

The agreement was signed with a subsidiary of a major Balkan conglomerate, with the support of Kommunalkredit, which acted as exclusive M&A advisor. This sale marks a key step in Econergy’s strategy of diversifying its revenue sources through the sale of developed projects, management and construction services.

Market leadership in Romania

As a leading independent power producer in the Romanian market, Econergy has a project portfolio of around 2 GW in Romania. Of this total, 246 MW are already connected and in commercial operation, while 800 MW are under development and construction, of which 198 MW should be connected by the end of 2024.

CEO statement

Eyal Podhorzer, co-founder and CEO of Econergy, said:

“This agreement reflects our leading position in the Romanian market and the value of our project pipeline. Some projects will be operated to generate revenue through the sale of electricity and management services, while others will be sold, offering a diverse range of revenue streams for the company.”

Future objectives

Podhorzer also mentioned that 2024 will be a defining year for Econergy, with significant progress already made through the connection of two major projects in Romania and this sale, while continuing to develop their local projects towards the construction phase.
This diversified revenue strategy and Econergy’s strong project portfolio confirm its dominant position in the Romanian market. The company continues to make progress towards its objectives for 2024 and beyond.

  • Popular on energynews.pro
RWE secures two solar projects in North Rhine-Westphalia through a federal tender
Pietro Mendes resigns from Petrobras to lead Brazilian oil agency ANP
Bahrain signs strategic energy agreement with EOG Resources
Aalo Atomics raises USD 100 million to launch its first nuclear power plant
Togolese ZIH Acquires Petrogal GB with Structured Financing from Ecobank
Onyx and Corvias Complete 13 MW Solar Project at Fort Polk Military Site
Two 13 MW solar facilities have been completed at the Fort Polk military site in Louisiana by Onyx Renewables and Corvias as part of a partnership to secure the site’s long-term energy supply.
Photon Energy Group posts 7.5% growth despite declining EBITDA
Photon Energy Group reports quarterly revenue growth driven by solar technology trading, while profitability falls due to a weaker capacity market.
Eskom Opens Access to 291 MW of Solar Power for Large South African Consumers
The public utility Eskom launches a tender to sell long-term solar electricity via PPAs, directly targeting industrial players amid continued pressure on national energy security.
Scatec reports a 51% increase in revenue in the second quarter of 2025
The Norwegian group Scatec strengthens its position in emerging markets with a marked increase in revenue and its portfolio of projects under construction.
Masdar completes financing for the 2 GW Al Sadawi solar project in Saudi Arabia
The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
The EBRD grants USD 150 million to Enerjisa to strengthen the Turkish power grid
The European Bank for Reconstruction and Development is financing the modernization of Enerjisa Enerji’s electricity distribution network in the Toroslar region, affected by the 2023 earthquakes.
Vikram Solar secures a 250 MW order from Bondada Group in India
Vikram Solar will supply 250 MW of high-efficiency solar modules to the Bondada Group for a project in Maharashtra, with deployment scheduled to begin in fiscal year 2025–2026.
Meta partners with Central and Silicon Ranch for a 100 MW solar park
Meta secures its energy supply in South Carolina with a 100-megawatt solar project led by Silicon Ranch and Central Electric Power Cooperative. The site will support the group's future data center in Graniteville.
SolAmerica Secures $100 Million from Deutsche Bank for Solar Projects
SolAmerica Energy secures a $100 million revolving credit facility with Deutsche Bank to support its distributed solar assets in the United States.
$700M Deal Between Diamond and Third Pillar for 500MW Floating Solar in Texas
Diamond Infrastructure Solutions grants Third Pillar Solar exclusive access to its Texas reservoirs to evaluate the potential for 500 MW of floating solar as part of a $700 million investment.
Geronimo Power launches a 125 MW solar project in Michigan
The Jackson County Solar project, valued at 125 megawatts, is expected to generate more than $70 million in direct economic impact for local communities in Michigan.
Empower delivers solar power plant for L’Oréal Egypt and secures regional foothold
Empower New Energy commissions a solar power plant in Egypt for L’Oréal, completing a direct investment structured without debt and strengthening its market entry strategy in the African industrial sector.
Unexpected Tax Relief: U.S. Solar Stocks Rebound on Market
Looser eligibility rules for U.S. solar tax credits triggered an immediate stock surge, easing investor concerns about potential regulatory tightening.
TCL SunPower Global partners with Energia Italia to strengthen its network in Italy
TCL SunPower Global entrusts the distribution of its solar panels to Energia Italia, thereby consolidating its presence in the Italian market within a context of strategic restructuring.
Maxeon Revises Strategy After USD 65 Million Loss in First Half
Weakened by the exclusion of its solar panels from the U.S. market, Maxeon reports a sharp revenue decline and adjusts its financial structure under market pressure.
Shanghai Electric commissions Manah-1 solar plant in Oman with 500 MW
The Manah-1 solar project in Oman, with a capacity of 500 MW, was delivered by Shanghai Electric and has recorded a stable first month of operation, strengthening industrial and technical cooperation with Électricité de France.
Vanda RE negotiates power purchase contracts in Singapore for Indonesian solar project
Vanda RE is in talks with potential buyers in Singapore for electricity from a $3 billion solar and storage project in Indonesia’s Riau Islands.
Rezolv Energy secures 731MW in Romania’s public-backed renewables auction
Rezolv Energy won three contracts for difference totalling 731MW in Romania’s second auction, supported by public financing mechanisms for renewable energy.
Gentari launches 243 MW solar and storage hybrid project in New South Wales
Gentari has started construction at the Maryvale site, a solar project combined with a 409 MWh battery storage system, located in Central-West Orana and backed by a long-term public contract.
OX2 gets green light for 135 MW solar plant on former mining site
OX2 has obtained Australian environmental approval to build a solar and storage project in Muswellbrook, on a former coal site in New South Wales, marking a milestone in its industrial strategy in the region.
Consent Preferences