In recent years, Romania has increasingly become a hotspot for international investment. As a major player in the global economy, Chinese companies are showing growing interest in investing in Romania. Several major recent investments in the energy sector have attracted widespread attention, injecting new momentum into Romania’s economic development and opening a new chapter in Sino-Romanian economic cooperation.
- €35 Million Factory Investment
According to local media reports, Pinggao Electric Group, a key subsidiary of China Electric Equipment Group Co., plans to invest €35 million in building a new factory in Romania. The facility will focus on producing insulation materials for power transformers and is expected to be located in the Tileagd Industrial Park near Oradea, Bihor County, in northwestern Romania. The scale and significance of this investment are evident—it will not only create substantial local employment but also enhance Romania’s position in the global power equipment manufacturing industry.
The project is currently under confidentiality as the company actively applies for necessary approvals and permits. Given that the investment exceeds €2 million and originates from outside the EU, it must undergo review by Romania’s Foreign Direct Investment Screening Committee.
Established in 1970, Pinggao Electric Group is a global leader in the production of high-voltage insulation materials, holding a 90% market share worldwide. Previously, the group also built a 31.82 MW photovoltaic power plant in Ștefan cel Mare, Călărași County, southern Romania. The plant is expected to operate for 25 years, generating 42 million kWh of electricity annually and reducing carbon dioxide emissions by 20,000 tons.
- Acquisition of Over 400 MW in Photovoltaic Projects
Beyond manufacturing, Chinese companies are also investing in Romania’s renewable energy sector. Recently, Sany Silicon Energy, a subsidiary of the large Chinese private conglomerate Sany Group, acquired two photovoltaic projects with a total capacity of 95 MW in Dobrești, Dolj County. In October last year, Shanghai Electric Power, under China Power Investment Corporation, acquired the 129 MW Prime photovoltaic project in Romania. Additionally, Huadian Overseas Investment, part of China Huadian Corporation, acquired the 174 MW Studina photovoltaic project. All these acquisitions have been approved by Romania’s Foreign Direct Investment Screening Committee, indicating that Chinese investments align with Romania’s national interests.
These transactions reflect Chinese companies’ strong interest and confidence in Romania’s renewable energy market and further advance the development of the country’s photovoltaic industry.
Chinese investments in Romania span multiple sectors, including manufacturing and energy, demonstrating confidence in Romania’s economic growth. These projects will not only enhance Romania’s position in the global industrial chain but also create more job opportunities and drive local economic growth. At the same time, they provide new opportunities for Sino-Romanian economic cooperation, promising to deepen bilateral relations in trade, investment, and technological exchange.
