- Grasshopper Energy will build up to 1 GW solar energy capacity in Romania
- It has signed a partnership to this effect with Sturdza family in the European country
- The partnership aims to invest around $ 1billion on development, construction and operating this capacity
Canadian clean energy company Grasshopper Energy plans to develop up to 1 GW solar energy capacity in Romania under a partnership agreement signed with the local aristocratic Sturdza family, represented by Prince Stefan Dimitri Ferdinand.
Grasshopper Energy said implementation of this capacity would require an investment worth $1 billion by 2030. The partners will look at developing, constructing and operating solar energy projects in the country.
This capacity when realized would significantly contribute to the overall national goal of a 30.7% renewables share the country aims to achieve in its power mix by 2030. According to SolarPower Europe (SPE), solar would make up 5.1 GW of this target.
Claiming to own $1.8 billion worth of clean energy assets and a $6.5 billion global development pipeline, Grasshopper doesn’t share any more details in a statement issued to announce the partnership, except that, “This exciting partnership is the 1st stage in Grasshopper’s goal of assisting Romania in meeting its capacity targets.”
Recently, R.Power of Poland entered the Romanian solar market to co-develop up to 100 MW solar PV capacity with a local developer (see Poland’s R.Power Enters Romanian Solar Market).
