Romania

The project will be built in Brăila county, southern Romania, at a cost of approximately $42.6 million. Hidroelectrica also wants to build several floating solar plants, totaling 5 MW, at some of its hydropower facilities.

The €103.5 million project is expected to be built by OMV Petrom with 175,214 solar panels with a power output of 485 W each, and 424 string inverters with a capacity of 185 kVA.

Photon Energy reported raised revenue from sales of electricity in the second quarter of the year, compared with 12 months earlier, but said grid hold-ups at 14.6 MW of solar projects Down Under had affected performance.

The 153 MW Ratesti PV project was acquired by Israel-based independent power producer Nofar Energy. The facility will be located in the Arges county, in southern Romania.

World Bank arm the International Finance Corp has now extended almost €76 million of credit into two sustainable lending facilities launched via Raiffeisen Bank.

The scheme is expected to be issued within 18 months. According to law firm Schoenherr Romania, there is a growing appetite for large-scale solar projects in the country among investors.

That was just one of the revelations of the latest Dentons’ Guide to renewables investment in Europe, which also noted solar plants could be switched off in Slovakia, Ireland could go either way on clean power pricing, and Luxembourg is struggling with a surprising headache.

Romanian manufacturer Karpat Solar has acquired a 100 MW panel production line from Spanish provider Mondragon. The manufacturing facility will be located in Transylvania.

A group of international investors is planning to build a 700 MW solar plant in Arad, in western Romania.

The Amsterdam-based, Australia and central Europe-facing developer saw sales slump thanks to Covid-19 last year but has touted a growing operational project portfolio.