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    185 MW AC Solar Photovoltaic PV + 50MW BESS RTB + PPA

    Description

    L#20260990

    Romania is one of the most important energy export countries of the future in Europe. Romania In western industrialized countries, green electricity and green hydrogen are considered the most important energy sources of the future. Romania is also defined by EU and USA as the number one energy export country to the devastated Ukraine.

    For 2030, the new target set by the Romanian government is 30.7 %, achievable by adding 7GW in renewable capacity. In 2020, the production of electricity in Romania came in the proportion of 12.4 %wind energy, 3.4 % from photovoltaic solar panels and 27.6 % from hydropower. In total, renewable energy production (wind, photovoltaic and biomass) accounted for 16 % of the total.

    As the second largest power market in Central and Eastern Europe, Romania has the potential of attractive significant investments in the years to come in new generation capacities based on low carbon technologies.

    The country is currently setting up a new primary legislative framework meant to facilitate investments under merchant market conditions, as a result of a full liberalization and alignment with the European Union (EU) electricity market reform. Policy wise, Romania has ambitious decarbonization targets and is looking to implement reforms in the sector, to attract sustainable investments coming from the public sector and private power producers as well as institutional investors and various EU funds under the Green Deal agenda.

    In 2020, important steps have been taken to revive the renewable energy sector in Romania. In May 2020, the Ministry of Economy, Energy and the Business Environment announced the reintroduction of Long-term Bilateral Power Purchase Agreements (PPAs) after these having been banned for almost eight years. The amendments to the Energy Law 123/2012 allowed PPAs for power-generation capacities that will be commissioned after 1 June 2020. These amendments are part of the commitment Romania made to the European. Commission to deregulate its electricity market as of 1 January 2021 to stimulate investments in new electricity-generation capacities.

    Keypoints

    Parameter Details
    Location XXXXXXX – Călărași County, Romania
    Total Land Area 220 ha + 50 ha
    Land Type Energy-designated land
    Distance to Grid Connection Point 0.1 km (400 kV line on-site)
    Total Power (DC) 259 MW
    Total Power (AC) 185 MW
    Project Type Fixed installation
    Average Horizontal Irradiation 1,413 kWh/m²/year
    Specific Production 1,689 kWh/kWp/year
    Landowner UAT (Municipality) – Concession
    Land Lease Agreement Signed and publicly registered
    Lease Term & Price 39 years at €2,500/ha/year

    PERMITTING STATUS
    -Urban planning certificate – Obtained;
    -Topographical studies – Obtained;
    -Geological studies – Obtained;
    -Environmental approval – positive – first step – Obtained;
    -Concession contract for 39 years – Obtained;
    -The solution study – Obtained;
    -Technical approval for connection (ATR) – Obtained;
    -New technical approval for connection 02/2025 (ATR) with
    connection costs improved by 6M EUR – Obtained;
    -All the environmental approvals – Obtained;
    -Connection contract signed
    -Construction permit for the batteries Plant and the
    Transformer Station – Obtained

    Basic Details

    Target Price:

    EUR 13,875,000

    Gross Revenue

    TBD

    EBITDA

    TBD

    Business ID:

    L#20260990

    Country

    Romania

    Detail

    Business ID:L#20260990
    Target Price: EUR 13,875,000
    Gross Revenue:TBD
    EBITDA:TBD
    Target Price / Revenue:13875000x
    Target Price / EBITDA:13875000x
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      Romania is one of the most important energy export countries of the future in Europe. Romania In western industrialized countries, green electricity and green hydrogen are considered the most important energy sources of the future. Romania is also defined by EU and USA as the number one energy export country to the devastated Ukraine.

      For 2030, the new target set by the Romanian government is 30.7 %, achievable by adding 7GW in renewable capacity. In 2020, the production of electricity in Romania came in the proportion of 12.4 %wind energy, 3.4 % from photovoltaic solar panels and 27.6 % from hydropower. In total, renewable energy production (wind, photovoltaic and biomass) accounted for 16 % of the total.

      As the second largest power market in Central and Eastern Europe, Romania has the potential of attractive significant investments in the years to come in new generation capacities based on low carbon technologies.

      The country is currently setting up a new primary legislative framework meant to facilitate investments under merchant market conditions, as a result of a full liberalization and alignment with the European Union (EU) electricity market reform. Policy wise, Romania has ambitious decarbonization targets and is looking to implement reforms in the sector, to attract sustainable investments coming from the public sector and private power producers as well as institutional investors and various EU funds under the Green Deal agenda.

      In 2020, important steps have been taken to revive the renewable energy sector in Romania. In May 2020, the Ministry of Economy, Energy and the Business Environment announced the reintroduction of Long-term Bilateral Power Purchase Agreements (PPAs) after these having been banned for almost eight years. The amendments to the Energy Law 123/2012 allowed PPAs for power-generation capacities that will be commissioned after 1 June 2020. These amendments are part of the commitment Romania made to the European. Commission to deregulate its electricity market as of 1 January 2021 to stimulate investments in new electricity-generation capacities.

      Keypoints

      Parameter Details
      Location XXXXXXX – Călărași County, Romania
      Total Land Area 220 ha + 50 ha
      Land Type Energy-designated land
      Distance to Grid Connection Point 0.1 km (400 kV line on-site)
      Total Power (DC) 259 MW
      Total Power (AC) 185 MW
      Project Type Fixed installation
      Average Horizontal Irradiation 1,413 kWh/m²/year
      Specific Production 1,689 kWh/kWp/year
      Landowner UAT (Municipality) – Concession
      Land Lease Agreement Signed and publicly registered
      Lease Term & Price 39 years at €2,500/ha/year

      PERMITTING STATUS
      -Urban planning certificate – Obtained;
      -Topographical studies – Obtained;
      -Geological studies – Obtained;
      -Environmental approval – positive – first step – Obtained;
      -Concession contract for 39 years – Obtained;
      -The solution study – Obtained;
      -Technical approval for connection (ATR) – Obtained;
      -New technical approval for connection 02/2025 (ATR) with
      connection costs improved by 6M EUR – Obtained;
      -All the environmental approvals – Obtained;
      -Connection contract signed
      -Construction permit for the batteries Plant and the
      Transformer Station – Obtained

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