Finas Group

Finas Group is a Romanian project development company that describes itself as growing step by step since its first project in 2002. Based in Cluj County, the group organizes and develops projects across several fields, from first ideas through to exploitation, both in Romania and beyond its borders. Its activities are grouped into three main pillars: renewable energy, agriculture and real estate. In renewable energy, Finas Group develops hydro, solar and wind projects, some on its own and others through international strategic partnerships. Its solar portfolio includes projects at Valea lui Cati (3 MW), Moldovenesti (3 MW), Chiribis (5 MW) and Salard (4 MW). Its hydro projects include Bistra (0.759 MW net power, 2,702 MWh/year), Vad (0.895 MW, 2,500 MWh/year), Anies (2.210 MW, 8,542 MWh/year) and Crisul Negru (0.990 MW, 3,952 MWh/year). The group also highlights Romania's wind potential and favorable conditions for wind park investments. In agriculture, Finas Group established a 70-hectare vineyard in Turda, Cluj County, starting in 2011, planted with varieties including Chardonnay, Sauvignon Blanc, Muscat Ottonel, Pinot Noir, Cabernet Sauvignon, Riesling de Rin, Fetească Neagră and Neuburger. It also concessioned an old orchard in Dragu, Salaj County, in 2009, which received organic certification the same year and underwent a three-year reconversion until 2012, becoming an intensive organic apple plantation with varieties such as Remo, Relinda, Florina, Rebella and Rubinola. In real estate, the group has been acquiring properties for rent and land, especially in Cluj County, for development projects. Its residential projects include Arcada, its first housing project in Cluj; Fimaro, a building near Cluj with potential for a mixed-use project; and Ana Aslan, a modern housing project started in 2011 with its first stage completed in 2014, involving 11 houses and 5 apartments developed with German engineers. Finas Group presents itself as a private Romanian company with a diversified project portfolio. Its official website dates its copyright to 2014, and public information about its current ownership, leadership and financial status is limited.

Finas Group traces its beginnings to its first project in 2002, according to its official website, and describes itself as having grown step by step since then, building expertise in organizing and developing projects across various fields from first ideas to exploitation, in Romania and beyond its borders. In 2009, the group concessioned an old orchard in Dragu, Salaj County, Transylvania, about 140 km from the Hungarian border. That same year the orchard received organic certification and entered a three-year reconversion period that lasted until 2012. Following investments made between 2009 and 2012, Finas Group established an intensive organic apple plantation with varieties including Remo, Relinda, Florina, Rebella and Rubinola grafted on MM 106 rootstock, with seedlings purchased from Hungary and Germany. The group notes that in 2007 there were no organic fruit and vegetable producers in Salaj County, making its investment significant for the region. In 2011, Finas Group began developing 70 hectares in Turda, Cluj County, near the Turda Salt Mine, to establish a vineyard. The plantation includes varieties such as Chardonnay, Sauvignon Blanc, Muscat Ottonel, Pinot Noir, Cabernet Sauvignon, Riesling de Rin, Fetească Neagră (an exclusive Romanian variety) and Neuburger. Also in 2011, the group started the Ana Aslan housing project, a modern residential development involving 11 houses and 5 apartments, worked on rigorously with German engineers; its first stage was completed in 2014. In renewable energy, Finas Group developed hydro, solar and wind projects, some independently and others through international strategic partnerships. Its solar projects include Valea lui Cati (3 MW, 30 hectares), Moldovenesti (3 MW, 8.86 hectares), Chiribis (5 MW, 15 hectares) and Salard (4 MW, 8.2 hectares). Its hydro projects include Bistra (0.759 MW net power, 2,702 MWh/year, 4,424 m pipe length), Vad (0.895 MW, 2,500 MWh/year, 3,232 m), Anies (2.210 MW, 8,542 MWh/year, 4,749 m) and Crisul Negru (0.990 MW, 3,952 MWh/year, 3,480 m). The group also highlights Romania's documented wind resources and favorable conditions for wind park investments. In real estate, Finas Group has been purchasing properties for rent and land in various parts of Romania, especially Cluj County, for development projects. Its first housing project in Cluj was Arcada, a neighborhood of houses and villas with customizable architectural styles, utilities, central heating, garages or parking, and views of the city. Another property, Fimaro, is located close to Cluj within an important industrial area and has potential for a mixed project with apartments, offices and storage places. The official website carries a 2014 copyright notice, and public information about the group's activities after that period is limited.

• 2014

  Completed first stage of Ana Aslan housing project (11 houses and 5 apartments).

• 2012

  Completed three-year reconversion of Dragu orchard, establishing intensive organic apple plantation.

• 2011

  Began developing 70 hectares in Turda, Cluj County, for a vineyard; started Ana Aslan housing project.

• 2009

  Concessioned an old orchard in Dragu, Salaj County; orchard received organic certification and began three-year reconversion.

• 2002

  First project, marking the start of Finas Group's development activity.

Diversified Romanian project developer focused on renewable energy, agriculture and real estate.

• Solar projects: Valea lui Cati (3 MW), Moldovenesti (3 MW), Chiribis (5 MW), Salard (4 MW)

• Hydro projects: Bistra (0.759 MW), Vad (0.895 MW), Anies (2.210 MW), Crisul Negru (0.990 MW)

• Turda vineyard with varieties including Chardonnay, Sauvignon Blanc, Muscat Ottonel, Pinot Noir, Cabernet Sauvignon, Riesling de Rin, Fetească Neagră, Neuburger

• Dragu organic apple orchard with varieties Remo, Relinda, Florina, Rebella, Rubinola

• Real estate projects: Arcada, Fimaro, Ana Aslan

1. 1Finas Groupfinas-group.com
2. 2Renewable energy — Finas Groupfinas-group.com
3. 3Agriculture — Finas Groupfinas-group.com
4. 4Real estate — Finas Groupfinas-group.com
5. 5FINAS PROJECT — Wikidatawikidata.org