The Competition Council has authorized the transaction by which Greenvolt International Power SA, Portugal, intends to take over a part of the share capital of CEF Pelicanu SRL.
Following this transaction, CEF Pelicanu SRL will be owned by Greenvolt International Power SA, Portugal, RNVQ – Fundo de Capital de Risco Fechado, Portugal, and Offnet SRL.
“Greenvolt Group is strongly committed to developing renewable energy assets in Romania. Through Greenvolt Power, we are currently advancing two large-scale wind farms in Ialomița and Gurbanesti, with a combined capacity of 500 MW. These projects received CfD contracts in December 2024 and, in the case of Gurbanesti, also in the government tender in August 2025. Together, they represent an investment of over EUR 1 billion in the renewable energy sector in Romania. Beyond job creation, they create sustainable value for local communities throughout the development, construction and operation phases. Our consolidated results for the Group will be published in the second half of September, but I can say that Romania will remain one of Greenvolt’s strategic markets for the foreseeable future, given its stability and strong growth potential. In the medium and long term, our ambition is to continue expanding our global presence, especially in Europe,” previously stated João Manso Neto, CEO of Greenvolt Group, in an exclusive interview with Energynomics.
CEF Pelicanu is developing a wind farm with an installed capacity of 155 MW in Călărași County. According to press sources, about two-thirds (103.7 MW) of the capacity of the future wind power plant is qualified to be subsidized through the Contracts for Difference (CfD) mechanism.
“Romania is undergoing a fundamental transformation in renewable energy contracting mechanisms. The CfD segment stands out as one of the most successful support programs in Europe, offering long-term revenue certainty that attracts significant investments in RES, while the corporate PPA market continues to mature,” Manso Neto previously told us.
“At Greenvolt, we have seen remarkable development in both segments. The second CfD auction showed extremely competitive prices: solar averaged €40.46/MWh, well below the €73/MWh cap, while wind averaged €73.8/MWh, against a cap of €80/MWh. This demonstrates strong technological maturity and efficient market dynamics.
The corporate PPAs market also presents significant potential. We are currently promoting CPPA opportunities in various industrial sectors, reflecting the strong demand from Romanian companies seeking direct renewable energy purchases and price stability. Both segments are complementary: CfDs offer investment security, while PPAs offer corporate buyers direct access to competitive renewable energy, creating the contractual diversity needed to support sustained long-term growth in renewable energy,” he added.
Greenvolt International Power SA is part of the Greenvolt Group, a renewable energy producer in Portugal, active in the fields of biomass, solar photovoltaic projects and decentralized energy production.
RNVQ – Fundo de Capital de Risco Fechado, Portugal is a venture capital fund launched in 2021.
Offnet SRL is a company active in the field of business and management consulting.
