romania

With grid availability, plenty of land and a new contracts for difference scheme that is set to go live this year, Romania is proving an increasingly attractive market for solar developers. Lena Dias Martins finds out more.

Solar project developer and asset owner Photon Energy Group has posted a decreased EBITDA although recording an all-time revenue for the first quarter of a year in Q1 2023.

Dutch solar project developer and asset owner Photon Energy Group has completed two solar PV projects in Romania with a combined capacity of 9.5MWp.

Renewables developer Ameresco has partnered with EPC contractor Sunel Group to bid on 1.5GWp of solar PV and battery energy storage system (BESS) project contracts across Europe.

Solar PV manufacturer Astronergy has signed a deal with Romanian energy company EXIMPROD Grup to supply 200MW worth of its PV modules to the group’s pipeline of five solar projects.

Photon Energy Group has closed a €21.9 million non-recourse project refinancing agreement for eight power plants with capacity of 31.5MWp.

Greek utility Public Power Corporation S.A (PPC) has signed a deal to purchase the entirety of Enel Group’s Romanian equity and assets.

German manufacturer AE Solar has planned to build a module manufacturing plant with a 10GW annual capacity in Romania.

The European Commission has approved Romania’s €259 million scheme to support investments in the production, assembly and recycling of batteries, PV cells and solar panels.

Energy asset manager Tesla 50Hz has signed a cooperation agreement with industrial properties developer Element Industrial to design and build 40MW of rooftop solar on ELI’s buildings across Romania.