Poland’s R.Power Enters Romanian Solar Market

R.Power Of Poland Forays Into Romanian Solar Market To Co-Develop Up To 100 MW Solar PV Project Capacity With Local Developer
09:21 PM (Beijing Time) - 09. September 2021
Presentation1

Well established in Poland, renewables developer R.Power is now expanding its reach to various other solar markets in Europe, including Romania where it has announced a 100 MW PV partnership. (Photo Credit: R.Power)

Key Takeaways

  • Power has entered the Romanian solar market through a cooperation agreement
  • The unidentified partner is identified as a leading developer of solar, wind and hydroelectric projects in Romania
  • The 2 companies plan to co-develop up to 100 MW solar PV capacity in the European nation

Poland headquartered renewables company R.Power has entered a cooperation agreement with an unidentified but a ‘leading’ developer of solar, wind and hydroelectric projects in Romania to co-develop up to 100 MW solar PV capacity.

In a statement released, R.Power said it will develop the solar farms across Romania with its partner and that this is just the beginning of its activities in this market. It is negotiating with more PV developers and open to new business opportunities.

R.Power is betting on Romanian market due to the ‘increasingly friendly legislative environment’ here since the country has committed to achieving 30.7% share of renewables in its energy mix by 2030. R.Power said this should mean Romania would need to increase renewable energy capacity by around 6 GW annually over the next 10 years.

Romania’s renewables market is attracting solar developers from beyond its borders. In April 2021, Enel Green Power joined hands with Monsson Alma to co-develop 1 GW of solar and wind energy projects (see 1 GW Renewable Energy Deal For EGP In Romania).

R.Power is expanding to other European nations such as Italy where in March 2021 it claimed to have secured a project portfolio of over 160 MW, and in July 2021 it entered Germany with a cooperation agreement for 80 MW capacity.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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