NEPI Rockcastle is investing EUR 100 million in solar energy to expand its green capacity in Romania. The project will add 159 MW of power, which is projected to cover 80% of the company’s energy needs and reduce its carbon footprint by 36%.
Expanding Solar Production Capacity
NEPI Rockcastle, Romania’s largest mall owner, has announced it will invest approximately EUR 100 million in new greenfield photovoltaic projects across the country. This initiative is designed to meet the energy needs of its tenants while contributing to a more sustainable future.
This EUR 100 million investment will add 159 MW of solar energy to power NEPI Rockcastle’s malls throughout Romania.
Ready to make big Profits?
The solar Industry is Booming
WE HELP NEWCOMERS to the solar industry start their own solar module production line. Customers can make BIG PROFITS by selling modules and finding investors, without wasting money and time on things they don't need!
According to Economica.net, this investment will boost NEPI Rockcastle’s solar production by 159 MW. The new facilities are expected to be operational by the end of 2026. Once complete, they will cover 80% of the energy needs for the company’s Romanian portfolio, significantly reducing energy costs for tenants and lowering the company’s carbon footprint by an estimated 36%.
Successful Completion of Phase One
This latest solar project marks another major step in NEPI Rockcastle’s commitment to sustainability. The company has already made significant progress in this area, completing the installation of photovoltaic panels on the roofs of 27 properties across Romania earlier this year.
That initiative, following an initial investment of EUR 34 million, has already proven financially successful by generating EUR 4.1 million in revenue in the first half of this year alone.
Building on this success, NEPI Rockcastle is now moving forward with the second phase of its solar investment, which involves installing panels at 24 additional locations outside of Romania. This next phase, estimated at EUR 15 million, is currently in various stages of authorization.
Solar Investment: A Strategic Move for Sustainability
The decision to invest heavily in solar energy aligns with global trends toward renewables. Solar energy in particular has become increasingly popular for its long-term cost savings and environmental benefits, making it less of a trend than a necessity.
As companies across industries recognize the importance of reducing their carbon footprint, solar allows them to meet energy needs more sustainably while reducing their reliance on traditional sources. For NEPI Rockcastle, the benefits are clear: the company can lower its energy costs while simultaneously meeting its sustainability goals. This investment is expected to pay off once the new facilities become operational and start generating power.
Positive Impact on Tenants and Reputation
This solar investment will also directly benefit NEPI Rockcastle’s tenants. By covering 80% of the Romanian portfolio’s energy needs, the company can offer them more competitive rates.
In today’s economic climate, where energy costs are a significant concern for businesses, these savings can make NEPI Rockcastle’s properties more attractive to potential tenants and help boost occupancy rates.
Beyond the financial benefits, the investment also enhances the company’s reputation as a socially responsible corporation. With sustainability becoming increasingly important to consumers and investors, this move demonstrates NEPI Rockcastle’s commitment to the future. This EUR 100 million investment marks a significant step forward in its sustainability strategy, setting an example for other real estate developers in Romania and beyond.
NEPI Rockcastle’s investment in solar energy reduces its carbon footprint while providing long-term financial benefits for itself and its tenants. This project is a win-win for the company, its tenants, and the environment.
