Portland Trust divests 155 MW Ratesti solar PV project in Arges County

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Econergy and partner Nofar Energy have completed the acquisition from Portland Trust of the ready-to-build 155 MW Ratesti solar farm in northwest Romania.

The total investment in Ratesti will be EUR100 million (US$113 million) and will see Econergy and Nofar Energy each acquire a 50% stake in the project from Portland Trust. Econergy will also provide management services, including EPC and O&M negotiations, construction management and power purchase agreement, and project finance management. Once operational, Econergy shall also provide a long-term asset management service.

Ratesti solar farm has received all its required permits, and construction is due to start in the fourth quarter of 2021, with commercial operations expected to begin in Q4 2022.

List of the country updates

Country updates

  • September 20, 2021

    Hidroelectrica to build 45 MWp ground-mounted solar project in Braila

    Romanian state-owned hydropower producer Hidroelectrica is planning to build a 45 MWp ground-mounted solar photovoltaic project in the town of Tudor Vladimirescu in Brăila county, Muntenia, south...

    Read more
  • September 08, 2021

    Enel Green Power signs deal with Mytilineos for 90 MW solar projects sale

    Enel Green Power Romania, part of the Enel Group, has signed two share purchase agreements with MYTILINEOS’ Renewables & Storage Development (RSD) Business Unit, for the acquisition of two p...

    Read more
  • September 02, 2021

    Axpo signs PPA for 600 MW Fântânele-Cogealac-Gradina wind project in Dobrogea

    Axpo has signed a long-term power purchase agreement (PPA) with CEZ’s Fântânele-Cogealac-Gradina wind farm, part of Macquarie Asset Management’s energy portfolio in Romania. T...

    Read more
  • August 17, 2021

    Econergy and Nofar Energy enters deal to acquire 153 MW Ratesti solar PV project

    Israeli companies Econergy and Nofar Energy have entered into an agreement with real estate developer Portland Trust to acquire a 153 MW solar photovoltaic project in Romania.  The 153...

    Read more
  • July 27, 2021

    E.ON completes the 0.2 MWp solar PV project in Baicoi

    E.ON Energie has completed the 0.2 MWp (221.76 kWp) solar photovoltaic project mounted on the roof of Wetterbest hall in Băicoi, Prahova County.  The EUR245,000 (US$294,898) project consist...

    Read more

Share this update