Romanian Gas Producer Planning 50 MW PV Project

Romgaz & GSP Enter Memorandum Of Understanding To Jointly Build 50 MW Solar PV Park Along With 150 MW Gas Fired Power Plant In Romania
08:57 PM (Beijing Time) - 15. September 2020
Presentation1

Natural gas producer Romgaz and GSP Power have entered a MoU to build 200 MW natural gas and solar PV capacity in Halanga, Romania. The share of the PV project is 50 MW to be built on 96-hectare space. (Photo Credit: Romgaz SA)

Key Takeaways

  • Romgaz and GSP Power have signed a MoU to build 150 MW natural gas power plant and a 50 MW solar PV project, according to media reports
  • Both the projects will be located next to each other within the premises to now bankrupt Halanga Thermal Power Plant
  • Romgaz will deliver the gas and receive the electricity produced, while GSP Power will build, own and operate the capacity

Romgaz,  a state backed natural gas producer in Romania, will be building a solar PV and natural gas project in partnership with oil and gas drilling company Grup Servicii Petroliere (GSP) Holding’s new division GSP Power through which GSP wants to foray into newer energy domains.

A report by Economica.net stated that the partnership involves building a 50 MW solar PV project adjacent to a new 150 MW gas fired power plant at Halanga within the premises of the now bankrupt Halanga Thermal Power Plant. These projects are part of GSP Power’s ambition to have 1 GW of flexible power plant capacity. The solar power project will be located on 96-hectare space as per the memorandum of understanding (MoU) signed.

While GSP Power will invest, operate and own the 200 MW capacity, Romgaz will deliver the gas and receive the electricity produced.

Earlier in June 2020, Romgaz signed a MoU with Liberty Steel Group, part of British billionaire Sanjeev Gupta’s GFG Alliance, to co-develop greenfield investment projects in Romania in the field of natural gas along with solar PV and wind power technologies to produce green steel. Their understanding is to attract European Union (EU) funds under the European Green Deal through their joint venture company.

Another state-owned electricity supplier in Romania, the Electrica Group entered the renewable energy space in July 2020 with the acquisition of a 7.5 MWDC/6.8 MW AC solar power farm (see Romanian Power Supplier Enters RE Domain).

Recently, Balkan Green Energy News reported the Romanian government has issued a decree in the country’s official gazette to kickstart its Electric-Up program to grant incentives for the hospitality industry or HoReCa (hotels, restaurants, cafes) to install 27 kW to 100 kW solar PV systems for self consumption and feed excess power to the grid, and electric vehicle chargers. Such organizations will be eligible to claim 100% of their expenses or a maximum of €100,000 ($24,490) for such investment made.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani