Regulatory, ESG & Risk Advisory
CIGA Energy Advisory supports resilient decision-making in a moving policy landscape. We provide continuous regulatory monitoring and early warnings, advocacy and institutional engagement, CSRD and VSME sustainability reporting, carbon footprint assessment across Scopes 1 to 3, CfD and support mechanism advisory, and enterprise risk frameworks built for operational, financial and regulatory exposure.
Active monitoring as of 2026: CEZ Romania, Enel Romania, Veolia Romania, Aderro GP Energy, MVM FET.
Specialist capabilities within this practice
Each capability is led by named specialists and proven through engagements across the region.
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Focus areas
- Regulatory monitoring & early warnings
- Daily tracking of regulatory developments and legislative changes across jurisdictions, with timely alerts and impact assessments. Bilingual monthly newsletter included. Workshops for regulatory impact analysis on clients' operations.
- MVMGeneration, Supply
- OX2Development, Generation
- METLENDevelopment, EPC, Generation, Supply
- AUKERADevelopment, Generation
- Advocacy & policy advisory
- Institutional engagement, regulatory dialogue and alignment with evolving legislative frameworks. Targeted at the moment a policy is shaped, not after it is published.
- ACUERP5 grid investment need study, OPEX recognition study
- REZOLV ENERGYWind, PV generation
- CfD & support mechanisms
- Advisory on Contracts for Difference and government support programs: eligibility, application support, bidding strategy, contract optimization and compliance management. Post-contracting services: DNSH evaluation, quarterly progress reports.
- OX2285 MW, wind
- REZOLV520 MW PV, 450 MW wind
- AUKERA50 MW wind
- ENERY390 MW PV
- NAXXAR130 MW wind
- HYPERION15 MW PV
- GREENVOLT250 MW PV
- Carbon footprint
- Organisational carbon footprint assessments (Scopes 1-3) and adjacent metrics such as avoided emissions. Decarbonisation plans linked to transition planning.
- Large Group in the energy & utilities sector in the CEE regionCarbon footprint and avoided emissions methodology, custom parametric Excel tool (e-Mobility divisions in multiple countries), assistance towards ISO 14067 verification
- Sustainability reporting (CSRD, VSME)
- Preparation of sustainability reports under CSRD or VSME, including double materiality assessment, KPI definition and audit-ready data inventory. Built for assurance from day one.
- Important player in the oil & gas sector in RomaniaFull CSRD/ESRS sustainability report, including preparatory actions (double materiality assessment, governance review, Scope 1-3 carbon footprint with SBTi target setting)
- Lamda Development (Ellinikon)Environmental impact review for ~40 smart city use cases (SDGs, GRI Standards)
- Risk management advisory
- Enterprise risk frameworks, assessment methodologies and mitigation strategies across operational, financial, regulatory and strategic risks. Aligned to ESG governance.
Top engagements
Top engagements
Top engagements
Top engagements
Top engagements
Applicable sectors
Energy & Utilities
Complex digital and AI transformation programs for DSOs and TSOs (including multi-year programs), from strategy to implementation. Strong focus on asset condition monitoring and predictive maintenance, grid analytics, ADMS.
Renewables, Investors & Funds
Transaction advisory for renewable energy and storage assets across CSE, covering solar, wind and BESS. Investment screening, technical due diligence, portfolio risk and development strategy for funds and private equity across the full deal lifecycle.
Public Sector, Associations & Regulators
Market design, regulatory reform and policy analysis for regulators and sector bodies. Support for public authorities and companies whose core services serve the public interest, such as district heating and water utilities, from smart city programs and digital transformations to EU funding and infrastructure modernisation.
Financial Services / Banking
Sector expertise and market intelligence for banks active in energy and infrastructure lending. ESG screening, green finance advisory and credit risk support for loan portfolios in regulated and competitive markets.
Industrial & Asset-Heavy
Decarbonisation strategies, energy audits and ESG roadmaps for energy-intensive industries. Asset management optimisation and feasibility studies that turn transition targets into investable projects.
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A single point of accountability across strategy, operating model, IT systems, organisational change and execution. Fully integrated programs delivered with our RCI Holding counterparties.
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Specialized Advisory
Project readiness work that strengthens technical robustness and procurement discipline. Technical specifications and tender documentation, evaluation criteria, procurement and contract support, and independent feasibility review.
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