Solar power installed capacity in Romania is currently of almost 1400 MW, representing 6.8 % of the total installed capacity of the country. This capacity was largely installed in the period 2012 – 2016, during the first boom of renewable… Read moreSolar projects in Romania – New perspectives and old issues
The Romanian Government recently enacted the Emergency Government Ordinance No. 74/2020 (“EGO 74/2020”), which entered in force on 18 May 2020. An expected and necessary piece of legislation, EGO 74/2020 amends the Energy law No. 123/2012 (“Romanian Energy Law”) by… Read moreDirectly negotiated PPAs – a new chance for renewables in Romania?
COVID-19 pandemic has generated unprecedented legislative measures and harsh economic consequences amongst which the work from home obligation, closing down of certain public spaces etc. implemented under the Decree no. 195/2020 for the emergency state in Romania and subsequent implementing… Read moreCOVID-19: How to handle contractual distress in lease agreements
Brief history Between around 2001-2011, certain private electricity suppliers (the “smart guys”, as they were called by the press) entered into long-term (10-15 years) bilateral power purchase agreements (“PPAs”) with state-owned producers (amongst which, notably Hidroelectrica) under quite unfavorable conditions… Read moreThe Romanian saga of directly negotiated PPAs