FF Ventures is entering the Romanian market, planning to develop 500 MW of solar and 500 MW of energy storage projects over the next three years. The company already has a development portfolio of 2.2 GW of PV capacity in Spain and 1.2 GW in Portugal, and is now launching operations in France and Mexico.
FF Ventures is bringing solar power and advanced storage solutions to Romania.
Contributing to Romania’s Decarbonisation Goal
FF Ventures, a key player in the European renewable energy market, is expanding into Romania to diversify its portfolio through both greenfield projects and co-development opportunities.
“After a thorough market analysis, FF Ventures chose to enter Romania. Several key factors influenced this decision,” said Andrei Pecingine, the development director of FF Ventures for Romania. “Firstly, Romania aligns with our shareholders’ goals to support the region’s decarbonization and CO2 emission reduction.”
Romania Dedicated to Renewable Energy
“Additionally, Romania’s commitment to renewable energy adoption—supported by the National Integrated Energy and Climate Change Plan (PNIESC) and a favourable regulatory environment—was another key factor. Furthermore, economic and industrial growth forecasts suggest a rise in future consumer demand, making Romania an attractive market for renewable energy projects,” Pecingine added.
The company is committed to a long-term presence in Romania, focusing on developing its own portfolio of greenfield projects while also exploring co-development opportunities.
Currently, FF Ventures manages a portfolio of PV projects totalling 3.4 GW across Spain and Portugal. Through its renewable energy joint venture, IberBlue Wind, the company is also developing floating offshore wind projects with a total capacity of 5 GW. Key shareholders include Octopus—one of Europe’s leading investment funds in renewable energy—and Time to Act Capital, a fund dedicated to energy transition projects in developing markets.
Expanding the Solar European Market
Established in 2018, FF Ventures initially focused on developing solar photovoltaic projects on the Iberian Peninsula. Its portfolio now includes approximately 2.2 GW in Spain and 1.2 GW in Portugal. The company handles every stage of a renewable energy project’s lifecycle, from financing and development to construction and operation.
The company’s work spans a diverse range of projects, including onshore and offshore solar and wind farms, as well as Battery Energy Storage Systems (BESS). FF Ventures currently has offices in Madrid and Seville (Spain), Lisbon (Portugal), and Bucharest (Romania), with expansion into France and Mexico underway.
FF Ventures’ entry into the Romanian market marks a strategic expansion aimed at solidifying its role as a key player in Europe’s renewable energy sector. The plan to develop 500 MW each of solar and energy storage over the next three years is set to capitalize on Romania’s supportive regulatory environment and growing economic prospects.
