China-based manufacturer Lightway Solar has recently received approval from China's Development and Reform Commission (NDRC) to develop 50 MW of photovoltaic plants in Prundu, Romania.
According to the statement released by the NDRC, total investment in the project will amount to RMB 610 million (around €76 million).
Underlining the company's 2013 European strategy, Wei Zhen, general manager of Lightway Deutschland GmbH, commented, "We are now starting the first move in Romania where the government has introduced a series of PV policies. Lightway will cooperate with our end investors to win the support; also in Germany, our team will further upgrade for an intensified European PV market competition, including distributed generation market."
Currently, negotiations are being carried out concerning the acquisition of the project. No purchase has been confirmed yet, said a Lightway Solar spokesperson today.
Edited by Becky Beetz and Vera von Kreutzbruck.
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