DRI has confirmed the completion of its 126 MWp Văcărești solar park in Romania, marking its fourth major renewable energy project in the country. This latest development pushes the company’s total operational capacity in Romania to nearly 300 MWp within just three years. The facility is expected to generate enough clean electricity to power roughly 50,000 homes while cutting carbon emissions by more than 48,000 tonnes annually.
Modon has awarded an AED 5 billion construction contract for the Nawayef East and Nawayef West developments on Hudayriyat Island, marking Abu Dhabi's biggest residential deal of 2025. The project will see 735 luxury villas built on record-breaking man-made hills, some rising up to 55 metres high. This landmark agreement follows earlier infrastructure works as the island continues its transformation into a premier residential hub.
PowerBank Corporation has announced the commercial operation of its first 1.45-megawatt rooftop solar project in Calgary, Alberta. Developed for Fiera Real Estate, the project serves as a pilot for future renewable energy initiatives within Fiera’s global portfolio. The installation will sell power to the local grid while generating carbon offsets through provincial environmental systems.
Emirates Global Aluminium and Sunstone have announced a $300 million joint venture to build a major anode manufacturing plant in the UAE. Scheduled for construction in 2026, the facility will produce 300,000 tonnes of anodes annually, significantly reducing the country’s reliance on imports. The project marks Sunstone's first manufacturing expansion outside of China and is a key part of the UAE's Operation 300bn industrial growth strategy.
Holcim has announced a major expansion in Latin America through the acquisition of a majority stake in Cementos Pacasmayo for USD 1.5 billion. The deal brings a leading Peruvian building materials producer into the Holcim portfolio, adding 5 million tons of annual cement capacity and 28 concrete plants. Projected to close in the first half of 2026, the acquisition is expected to be immediately accretive to earnings per share.
One United Properties (BVB: ONE) has signed a preliminary sale agreement for a 34,800 sqm plot of land in Constanţa, accelerating its strategic expansion outside Bucharest into Romania’s key regional cities. The land, located on the Black Sea coast in the Faleză Nord-Pescărie area, will be the site of a new mixed-use development with an estimated gross development value of approximately EUR 500 million.
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