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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Romanian power utility Electrica to set up renewable energy subsidiary

Romanian electricity distribution and supply group Electrica (EL), where the Government is the biggest shareholder (48.8%), will set up a subsidiary to handle the group’s investments in the renewable energy generation and storage area, Economica.net reported.

The mission of the subsidiary would be to develop wind farms and photovoltaic parks with a total installed capacity of 400MW as well as power storage facilities with a total capacity of 100MW.

The group’s shareholders are invited in August to approve management’s plans.

Last September, Electrica Furnizare, a subsidiary in Electrica group, paid EUR 1.62 mln and also took on EUR 3.82 mln in existing loans, to Cyprus-based Raylexo Limited and local firm Long Bridge Management si Administrare, for a 7.5 MW (6.8 MW operating capacity) PV plant located in the southern part of the country (Stanesti).

Electrica also approached Canadian group Jade Power Trust when it announced last year plans to sell its Romanian assets - wind farms and solar parks, including the 45 MW Dorobantu wind farm (eastern Romania) developed by OMV Petrom and later sold to the Canadian group.

(Photo: Forin Brezeanu | Dreamstime.com)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

Romanian power utility Electrica to set up renewable energy subsidiary

Romanian electricity distribution and supply group Electrica (EL), where the Government is the biggest shareholder (48.8%), will set up a subsidiary to handle the group’s investments in the renewable energy generation and storage area, Economica.net reported.

The mission of the subsidiary would be to develop wind farms and photovoltaic parks with a total installed capacity of 400MW as well as power storage facilities with a total capacity of 100MW.

The group’s shareholders are invited in August to approve management’s plans.

Last September, Electrica Furnizare, a subsidiary in Electrica group, paid EUR 1.62 mln and also took on EUR 3.82 mln in existing loans, to Cyprus-based Raylexo Limited and local firm Long Bridge Management si Administrare, for a 7.5 MW (6.8 MW operating capacity) PV plant located in the southern part of the country (Stanesti).

Electrica also approached Canadian group Jade Power Trust when it announced last year plans to sell its Romanian assets - wind farms and solar parks, including the 45 MW Dorobantu wind farm (eastern Romania) developed by OMV Petrom and later sold to the Canadian group.

(Photo: Forin Brezeanu | Dreamstime.com)

andrei@romania-insider.com

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