INVL Renewable Energy Fund I to invest EUR120mn in Romanian solar farms
The INVL Renewable Energy Fund, run by INVL Asset Management, has announced plans to invest around EUR120 million (US$128.6 million) in the development of solar farms it has acquired in Romania.
The firm bought two solar power plants with a capacity of 166 MW. The grid connection conditions for the solar energy projects in Romania that are being added to the fund's portfolio have already been authorized. The solar facilities are expected to be operational in 2024.
Country updates
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May 13, 2022
Nofar Energy plans to invest EUR300 million in Romanian RES
Nofar Energy plans to develop or purchase wind and solar projects in Romania, where it wants to invest more than EUR300 million (US$316 million) over the next two years. The firm wants to attain 1 GW...
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May 09, 2022
INTEC, CHINT to develop 154 MW Ratesti solar PV project in Arges County
INTEC Energy Solutions has collaborated with CHINT Solar in delivering the 154 MW Ratesti solar PV project, Romania's largest solar power plant. Econergy has awarded the contract for the p...
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March 14, 2022
Ruserio Solar launches EPC tender for 134 MWdc solar project in Bucsani
Romanian solar project developer Ruserio Solar has launched a tender for the development of a 134 MWdc (113 MWe) solar photovoltaic plant located in the Giurgiu county, municipality of Bucsani ne...
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March 02, 2022
Axpo signs PPA for 226 MW Verbund wind farm in Casimcea
Axpo arranged a CPPA with Verbund, an Austrian energy business, to supply an undisclosed global automotive supplier to its Romanian production plants. The plants in Romania will get 70 GWh per year f...
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January 26, 2022
Restart Energy signs grid-connection contract for 50 MW solar project in Sarmasag
Romanian energy provider Restart Energy has signed a grid-connection contract for its 50 MW solar photovoltaic farm located in the northwestern locality of Sarmasag in Salaj county, Romania. Th...
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