German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.
The offtake agreement has been secured with an undisclosed US-based technology company.
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Located in northwestern Romania, the project is designed with bifacial modules and single-axis trackers. It will also include the potential to install energy storage in the future.
According to the company, corporate PPAs in the country are still nascent, with a scarcity of bankable, long-term contracts so far, but are rapidly evolving with a “significant growth potential”.
Interest in the Romanian market has been growing since last year, with developer Rezolv Energy’s CEO Alastair Hammond telling PV Tech in November 2024 that the PPA market was “very much up and running” in the region.
Andreas Schell, CEO of ib vogt, said: “This agreement shows the maturity of the Romanian renewables market and the vital role of clean energy in decarbonising power grids.”
The increased interest in the Romanian market was demonstrated in the second round of the country’s Contract for Difference (CfD). Held in August, the auction awarded more than 1.4GW of solar PV capacity across 26 successful bids.
PV Tech publisher Solar Media will be organising the fifth edition of Large Scale Solar Central and Eastern Europe in Warsaw, Poland 25-26 November 2025. For more information, visit the event website.
