CARPATHIA ENERGY
Solar · Wind · Storage · Romania

Your local partner in the Romanian energy market.

Independent advisory for investors, IPPs, developers, funds and traders building renewable projects in Romania.

Solar PV Onshore wind Battery storage Collector busbar Step-up 110 kV 400 kV network
1,000+ MWSupported through development in Romania
15+ yearsIn the Romanian power sector
Bucharest basedOn the ground, not remote
IndependentNo commissions from suppliers or contractors

What slows projects down here

And what we are hired to fix

Grid connection

Capacity, queue position and reinforcement costs decide project value early.

Permitting

Steps interact. Running them in the wrong order costs quarters.

Route to market

Support schemes, PPAs and merchant exposure imply different capital structures.

Local execution

Land, authorities and contractors vary widely in reliability.

Services

Scoped to the stage you are at

Market intelligence and research

  • Romanian energy market analysis and research
  • Tailored market reports on request
  • Regulatory and policy monitoring
  • Price, demand and competitive landscape reviews

Market entry and structuring

  • Entry route assessment — greenfield, acquisition or joint venture
  • Local entity setup and representation
  • Pipeline origination and target screening
  • Negotiation support with local counterparties

Grid connection and permitting

  • Grid connection options review at distribution and transmission level
  • Connection capacity and reinforcement cost assessment
  • Permitting strategy and sequencing
  • Timeline and risk mapping to financial close

Due diligence

  • Technical due diligence on projects and portfolios
  • Regulatory and commercial due diligence
  • Red-flag screening before exclusivity or acquisition
  • Independent review of seller and lender documentation

Project development support

  • Development management through to ready-to-build
  • EPC, design and consultant selection
  • Owner's-side oversight during construction
  • Access to an established local supplier network

Commercial and operations

  • Route to market strategy and revenue stack modelling
  • PPA structuring — corporate, utility and financial
  • O&M contractor selection and negotiation
  • Asset performance and revenue review

Not on the list? Most of our work starts as a specific question about a specific project. We scope bespoke assignments around what you actually need to decide.

Where we come in

Workstreams overlap — that is where time is won or lost
Screening and origination
Site and counterparty
Permitting
Urbanism, environmental, land
Grid connection
Application, terms, agreement
Offtake and financing
PPA, lender diligence
Construction
EPC, owner's oversight
Operations
O&M
We can join at any point, including a stalled project.
First lookReady to buildEnergisation

Technologies

Utility scale and C&I

Solar PV

Utility-scale plants and decentralised solutions for commercial and industrial offtakers.

Onshore wind

Projects connected at distribution or transmission level, including repowering.

Battery storage

Standalone and co-located systems, sized for grid integration, flexibility and balancing.

Who we work with

International capital entering or scaling in Romania

IPPs

Taking a first position in the market.

Developers

Growing or de-risking a Romanian pipeline.

Funds and investors

Underwriting local assets and portfolios.

Traders

Expanding into local asset ownership.

EPCs and suppliers

Seeking qualified local demand.

Utilities and offtakers

Energy companies and industrial buyers contracting local supply.

Why work with us

Three things that are hard to buy from outside Romania

Practical experience, not theory

Our experience comes from working on projects through permitting, grid connection and construction in Romania, rather than from desk research alone.

We know which constraints are fatal

Direct understanding of real permitting and grid bottlenecks, so you learn early which obstacles are procedural and which end a project.

An established local network

Working relationships across the technical, commercial and regulatory layers of the market, built over years rather than introductions.

How we work together

Structure agreed before we start
Advisory mandates You engage us for expertise

Single assignment

A fixed fee for a defined deliverable — a market report, a grid connection review, a due diligence exercise.

Ongoing advisory

A longer-term arrangement when you need continuous local support across a pipeline or an entry programme.

Outcome-based

Fees linked to agreed milestones, where that is the better fit for the mandate and for both sides.

Partnership structures We take a stake in the outcome

Shared project ownership

We hold shares in the project SPV alongside you, so our return depends on the same result yours does.

Long-term development partnership

We co-develop and build together over multiple projects, splitting roles, cost and ownership on agreed terms.

Contribution for equity

We contribute pipeline, land, permitting progress or development work in exchange for a share of ownership or project profits.

We are flexible on structure and will propose the one that fits the opportunity. Confidentiality is standard — an NDA before any project information changes hands.

Get in touch

Reply within one working day

Tell us the stage, technology, capacity and where the project is stuck. We will say honestly whether we are the right people for it.

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