29 Oct 2026DealannouncedMazarine Energy
Carlyle and the EBRD agree to sell Black Sea Oil & Gas to Mazarine Energy
Mazarine Energy B.V. is to buy Black Sea Oil & Gas S.A. and BSOG Holding Activity S.A., Romania's largest offshore gas producer. BSOG stays operator of the Midia Gas Development project, which has supplied about 12% of domestic gas demand since June 2022. The price is not disclosed; completion needs customary regulatory approvals.
9 Oct 2026DealannouncedRheinmetall
Rheinmetall buys the Mangalia shipyard for €138 million
The court-appointed liquidator of the insolvent Mangalia shipyard, formerly a joint venture with Damen, confirmed its sale to Rheinmetall for €138 million on 9 October. Rheinmetall won a contract of about €920 million in May, under the EU SAFE programme, to build four vessels for the Romanian Navy.
24 Sept 2026InvestmentannouncedPPC Renewables
PPC Renewables contracts GEK Terna for a €144.6 million grid connection for a solar park in Arad
The turnkey contract, signed in August and made public on 24 September, covers two 400/110 kV substations and two underground 400 kV lines connecting a large photovoltaic plant in the Chișineu-Criș–Nădab area to the national grid.
15 Sept 2026InvestmentannouncedUS Ballistic
US Ballistic signs to invest $25 million in 155 mm ammunition production at UM Sadu
US Ballistic, an American company, signed a contract on 15 September in Târgu Jiu with Uzina Mecanică Sadu, a state-owned plant, to produce NATO-standard 155 mm artillery ammunition there, interim Defence Minister Radu Miruță announced.
The company is to invest $25 million over five years, including in warehouses, roads and utility networks that remain the property of UM Sadu, and to hire about 150 people in the first two years. According to the minister, UM Sadu will also receive about €20 million in rent over ten years.
15 Sept 2026InvestmentannouncedNofar Energy
Nofar Energy to spend €103 million on battery storage at two Romanian solar parks
Nofar Energy, an Israeli developer, said on 15 September that it had signed an agreement with an international supplier for battery storage systems totalling 1.09 GWh at two solar projects it is building in Romania, for about €103 million.
Valter Mărăcineanu (178 MW of solar) gets 650 MWh of storage for about €57 million, and Corbii Mari (282 MW) gets 440 MWh for about €46 million. Equipment deliveries are due to start in 2027, and both solar projects are due to be completed in the third quarter of 2027.
11 Sept 2026InvestmentannouncedUM Cugir
UM Cugir signs €54 million contract for 12.7 mm ammunition equipment
Uzina Mecanică Cugir, a state-owned arms maker, signed a €54 million contract on 11 September for special equipment to produce NATO-standard 12.7 x 99 mm ammunition components. Three bids were received, one from Belgium and two from Turkey; the winner was not named.
The contract is part of a modernisation programme the company values at 552.9 million lei, funded by state support and its own money. The programme also covers 5.56 x 45 mm ammunition capacity, due in November 2026, and a hall upgrade due in December 2026.
10 Sept 2026InvestmentannouncedHidroelectrica
Hidroelectrica awards a 296.8 million lei contract for battery storage at Porțile de Fier II
The 64 MW, 434.76 MWh system, to be built by Synergy Construct, will be the largest storage capacity in the company's portfolio. 43.4 million lei of the cost comes from the Modernisation Fund.
10 Sept 2026Investmentin forceOMV Petrom
OMV Petrom completes €115 million power upgrade at the Petrobrazi refinery
OMV Petrom said on 10 September that it had invested about €115 million in the electrical infrastructure of its Petrobrazi refinery: a high-voltage line connected directly to a Transelectrica substation, a new electrical substation and a power-distribution substation.
The company says the network supports current refining and the capacity it is developing for sustainable aviation fuel (SAF), HVO and green hydrogen.