Romania to build Eu’s largest photovoltaic park!
Romania intends to significantly increase its 2030 renewable energy target, currently set at 30.7 percent!
Under the National Recovery and Resilience Plan, Romania has EUR 1.6 billion for the energy sector according to Ministry of Energy.
Rezolv Energy, which acquired the rights from the Monsson Group, is investing in around 1.6 million new solar panels expected to generate about 1,500,000 Megawatt-hour (Mwh) a year capable of powering more than 370,000 households, Euractiv reports
Tweet on EU’s set target fro 2030 on renewable energy
The EU had set the goal of ensuring that 20% of its gross final energy consumption came from renewable sources by 2020, increasing to 32% by 2030, via @EU_Eurostat #Green pic.twitter.com/LPjlLXp8hW
— The_Journalbiz (@the_journalbiz) November 11, 2022
Independent clean energy producer Rezolv Energy has acquired the rights to build and operate a 1,044 Megawatt solar photovoltaic plant in western Romania, which, if constructed, is expected to become Europe’s largest solar PV plant.
Rezolv Energy, which acquired the rights from the Monsson Group, is investing in around 1.6 million new solar panels expected to generate about 1,500,000 Megawatt-hour (Mwh) a year capable of powering more than 370,000 households.
The project is already in the late-stage development phase, and Rezolv Energy is already appraising technology solutions and debt financing options.
- Construction is due to start in the first half of next year, meaning the plant should be online by 2025.
Rezolv Energy was launched earlier this year by Actis, a leading global investor in sustainable infrastructure, and the Rezolv leadership team, which previously developed and run a portfolio of energy projects in Central and South Eastern Europe.
Last month, the company announced it was partnering with Low Carbon in another energy project in Romania: a 450 MW onshore wind farm.
