18.11.2011 Renovatio supports the 8th edition of the Vienna Economic Forum

Renovatio, a proud sponsor of this year's Vienna Economic Forum under the headline The Economy as an Engine of Regional Development, is pleased to be among the active supporters of the 8th edition of the event, which will take place on the 21st November 2011, at the Palais Niederosterreich, Herrengasse 13, 1010 Vienna.

The Group's Head of International Business Development, Mr. Andre Fraga, will be speaking during the Third Plenary Session, Tapping the Potential of a Region - Responsibility for the Economic and Social Development. The opening address will be made by H.E. Werner Faymann, Federal Chancellor of the Republic of Austria, Patron of the Vienna Economic Forum as well as a welcoming statement by the Forum's board member and CEO of Raiffeisen Bank International AG, Dr. Herbert Stepic.

Founded in 2004 in order to popularize and promote investment opportunities in the region from the Adriatic to the Black Sea, the Vienna Economic Forum provides impulses and points out, on the basis of research, joint projects required in the region for short-term, medium-term and long-term realization, while promoting their implementation.

25.08.2011 17 MW Baia Wind Park I and II successfully connected

The second part of the Baia Wind Park project, Baia II (10 MW) reached generation stage at the end of July this year. 

Located in Dobrogea, Romania, Baia Wind Park I and II have a total capacity of 17 MW and were built in two stages as part of Renovatio's wind power pipeline.

03.08.2011 Romanian Green Certificates Support Scheme Approved

With a portfolio of 500 MW in wind energy under development and 55 MW of PV projects at ready-to-build stage in Romania, Renovatio welcomes the approval of the Romanian green certificates support scheme combined with quota obligation.

In the first half of July 2011, the European Commission endorsed Romania's green certificate support scheme for renewable energy sources, supporting the country's commitment to reach the 24% RES-target by 2020 laid out in its National Renewable Energy Action Plan. Creating clear incentives to increase use of renewable energy, energy suppliers in Romania are - according to the support scheme system - obliged to purchase a certain number of green certificates annually.

In effect, green certificates are granted to electricity producers from wind, solar, hydro, biomass, landfill gas and sewage plant treatment gas for each MWh generated. Providing a friendlier market for future investment in the renewable energy sector, the certificates are to be issued by the Transport System Operator to renewable energy producers, which are acquired by energy suppliers on a specific market. Penalties apply should the energy suppliers fail to acquire the set target of certificates.

Regarded as one of the countries with the highest wind energy potentials in Central Eastern Europe as well as having significant solar exposure, Romania has the potential to play an important role within the renewable energy market in the region.

 

17.05.2011 Renovatio Solar exhibits in Intersolar 2011

Renovatio Solar, member of Renovatio, will be exhibiting at this year's European Intersolar Annual Event, which will take place from the 8th until the 10th of June 2011 in Munich, Germany.

The event is the industry's largest and most comprehensive fair. Renovatio invites and welcomes clients and partners at the Renovatio Solar booth 415, Hall A3.

For more details on opening hours, participants, the interactive floor plan, directions to the venue and other useful information, please visit the official Intersolar 2011 website.

 

08.03.2011 Renovatio at EWEA 2011

Renovatio will be exhibiting at this year's European Wind Energy Association (EWEA) Annual Event, which will take place from the 14th until the 17th March 2011 in Brussels, Belgium. For four days, developers, engineers, service providers and manufacturers, to name a few, will have the opportunity to showcase different aspects of the wind energy industry.

Considered to be Europe's most important event within the field of wind energy, Renovatio welcomes all clients, partners and others interested in the Group's activities to visit our team at booth 7419, Hall 7, starting on the 14th March 2011, at Brussels Expo, Belgium's biggest exhibition centre.

For more details on opening hours, the interactive floor plan and how to reach the venue, please visit the official EWEA 2011 website. 

04.03.2011 Expanding into the Greek market

During the fourth quarter of 2010, Renovatio seized the opportunity to expand its business activities on the promising photovoltaic market in Greece. Staying true to the Group's vertically integrated business approach, the local team will be developing and managing a pipeline of photovoltaic projects, totaling 10 MW.

Already present on the Italian, Portuguese, Romanian and Bulgarian photovoltaic market, Renovatio Hellas is the most recent subsidiary to join the Group structure. 

07.07.2010 Excellency Award

Renovatio Solar, part of Renovatio, has won the Excellency Award at the Green Business Index 2010 Gala. The award was granted in Bucharest, Romania, on the 7th June 2010.

The Green Revolution Association has initiated an ample program focused on rewarding companies which understand to conduct their activity in a responsible manner towards the environment. Protecting it and generating solutions that help build a sustainable and environment friendly future are part of the Renovatio Solar daily activities. The jury, as well as the attending audience, have shown their appreciation and awarded Renovatio Solar the Excellence Award for the investment in the 50 MWp photovoltaic panels' facility, which opened in Satu-Mare, Romania, on the 2nd June 2010, and its dedication to support the renewable energy field. 

02.06.2010 Photovoltaic panel manufactory inaugurated

Renovatio launches on the 2nd June 2010 the largest and the most technologically advanced photovoltaic panel manufacturing facility in Eastern Europe.

Renovatio Solar, a subsidiary of Renovatio, presents the largest fully automated PV - panel manufacturing facility in Eastern Europe, with an investment of 10 million Euros. The factory has a total capacity of 50 MWp and it will produce 250.000 panels per year. 

The manufacturing facility covers a total area of 3000 square meters and it is located in Satu-Mare, Romania. The Group chose Romania for its manufacturing operations due to the highly skilled local work force and the logistic facilities in the area.

The factory is comprised of a storage and supply depot, a production facility and a Research and Development Center, which supports the company's constant preoccupation for product improvement and efficiency. The project has been executed within 18 months.

- Renovatio Solar comes in at the right moment. It is the link that was missing in our vertically integrated Group of companies. Development and generation of clean energy, trading and PV panel manufacturing complete the Renovatio business approach in the renewable energy field, explains Andre Fraga, Head of International Development for Renovatio.

Renovatio Solar will produce 9 types of high performance mono - and polycrystalline photovoltaic panels with various nominal power values, ranging from 225 Wp to 250 Wp. The products will be marketed in the European Union, primarily in Italy, Portugal, Bulgaria, Poland and Romania, where the Group has a well-established presence and activities in the renewable energy field.

- What we are determined to do is to go beyond the simple manufacturer status and to support the Renovatio Solar product offer with a specialized service offer. Apart from manufacturing and retail, we come in with EPC services, turnkey solutions and after sales support. We cover both areas, domestic or residential solar energy projects (panel installation, operation and maintenance), as well as solar parks (EPC services, operation and maintenance), adds Andre Fraga, Head of International Development for Renovatio. 

10.05.2010 Renovatio opens local branch in Portugal

Renovatio has expanded its operations to Portugal in the second quarter of 2010.

The new company is named Renovatio Solar Portugal and it will focus on photovoltaic project development and clean energy generation. 

20.04.2010 Renovatio - exhibitor in EWEC 2010

Renovatio is exhibiting in EWEC 2010. The event, which is Europe's premier wind energy event, will take place in Warsaw, Poland, from the 20th to the 23rd of April 2010. You can visit us at booth 1440, Hall A, beginning with the 20th of April 2010.

For further information, such as the interactive floor plan and the location of the venue, please visit www.ewec2010.info. 

08.02.2010 Renovatio opens local branch in Bulgaria

The Group has expanded its photovoltaic project development operations to Bulgaria and adds a new company to the existing structure. Renovatio has expanded its business interests to Bulgaria and what better way to do it then open a local branch.                                                                      

The new company is called Renovatio Solar Bulgaria and it was set up in February 2010. It will focus on photovoltaic project development and clean energy generation. 

03.04.2009 Renovatio purchases a Romanian energy trader

Renovatio has purchased Green Energy in April 2009 and re-branded the company to Renovatio Trading. The acquisition is part of the Group's strategic vertical integration business approach which has been applied in the company's activity in order to add value, efficiently control the subsidiaries, to create stability and to avoid fluctuating quality levels of products and services.

The managing team, as well as the existing energy traders and specialists have remained in place and they continue to be a part of Renovatio Trading. They will benefit from the Group's unconditional support in order to provide the company's clients with the best services on the market. 

17.10.2008 EDP Renovaveis S.A. (EDPR) acquired 85% of Renovatio Power SRL

EDP Renovaveis S.A. (EDPR) acquired 85% of Renovatio Power Romania, which owns several wind projects in Romania. An additional success fee will be paid once the wind projects reach the ready-to-build phase.

This acquisition is in line with EDP Renovaveis strategy of entering new geographies through a very selective approach to deliver long-term profitable growth, balancing attractive returns and controlled risk.

This transaction will allow a leading presence in the attractive Romanian wind market and enables EDPR to selectively diversify its portfolio of growth options, expanding EDPR's existing platform in the Eastern European market with a strong local expertise.