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.
Romania has announced a reduction in VAT for solar PV modules to 5% from 19% as of this week to boost self-consumption and solar uptake across the country.
Renewables developer Econergy Renewable Energy has finalised a €150 million (US$157.7 million) loan agreement with Phoenix Insurance to support its pipeline of solar PV projects in Romania and Poland.
After Actis-backed developer Rezolv Energy announced its acquisition of what it said will be Europe’s largest solar project earlier this month, PV Tech Premium caught up with Rezolv CEO Jim Campion to discuss the unique blend of power purchase agreements (PPAs) on offer, the rising appeal of the Romanian PV market, and the novel attempt to restore degraded agricultural lands on site.
Rezolv Energy, backed by sustainable infrastructure investor Actis, has acquired rights to a 1,044MW PV plant in western Romania. Actis has said the project is “expected to be the largest solar PV plant in Europe”.
Renewables developer Econergy Renewable Energy has finalised the engineering, procurement and construction (EPC) agreements for 172MW worth of solar PV projects in Romania.
