Chinese Firms Exit Romania Solar Tender

16 May 2024 CW Team

Chinese firms have withdrawn from a solar tender in Romania following an investigation by the European Union (EU). The tender, which aimed to expand solar energy capacity in Romania, has seen the exit of several major Chinese players due to concerns raised by the EU.

The move comes amidst increasing scrutiny on foreign investment in critical infrastructure sectors across Europe, particularly in renewable energy. The EU's investigation into the Romanian solar tender reflects growing concerns over potential security risks associated with foreign involvement in vital energy projects.

The withdrawal of Chinese firms from the Romanian solar tender underscores the complex interplay between economic interests, regulatory frameworks, and geopolitical dynamics shaping the global renewable energy landscape. As countries seek to transition towards cleaner energy sources, competition and cooperation among multinational corporations and governments have become increasingly significant.

The Romanian solar tender, initially seen as an opportunity for Chinese firms to expand their presence in the European renewable energy market, has now become a focal point for discussions on regulatory oversight and national security considerations. The EU's intervention highlights the importance of ensuring transparency, fair competition, and adherence to regulatory standards in the renewable energy sector. The withdrawal of Chinese companies from the Romanian solar tender is likely to have ripple effects on the renewable energy sector, impacting both the competitive landscape and the broader geopolitical dynamics shaping global energy markets. It underscores the need for robust regulatory frameworks and international cooperation to ensure the sustainable development of renewable energy resources.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..