Romania’s PPC Renewables has acquired a 130 MW solar project, expanding its renewable energy portfolio to 1.6 GW. This move aligns with Romania’s EU target of 34% renewable energy by 2030.
PPC Expands Solar Portfolio with Romania solar energy
Greece’s Public Power Corporation (PPC) announced that it has added a significant 130 MW photovoltaic project to its portfolio in Romania. This acquisition strengthens PPC’s growing renewable energy footprint, which now totals 1.6 GW in the country. The newly operational solar plant is expected to generate over 193 GWh of clean energy annually, contributing substantially to the national grid.
The solar park is located in the Cฤlugฤreni region, approximately 40 km south of Bucharest. PPC acquired the project from a domestic developer, a strategy that facilitates entry and expansion in the local market. The successful connection of this plant to the grid marks another milestone in the intricate solar panel manufacturing process that brings large-scale renewable energy from concept to reality.
The acquisition of the 130 MW solar project follows closely on the heels of PPC’s purchase of a 253 MW wind power project in Romania. This wind project is set to be the largest onshore wind park in the country once it is operational, showcasing PPC’s diversified investment in Romania’s green transition.
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PPC’s Commitment to Renewable Energy in Romania solar energy
PPC has been actively investing in Romania’s renewable energy sector. In the first half of this year, the company added 400 MW of solar and wind projects to its portfolio. This brings PPC’s total renewables portfolio in Romania to 1.6 GW, with 300 MW already in operation and another 1.3 GW under development.
Romania has set an ambitious goal of achieving 34% renewable energy in its energy mix by 2030, a target that has spurred significant activity. The country’s commitment is reflected in the stunning Romania solar energy growth, which has attracted major investors. PPC is not alone in its ambitions; other energy giants are also making moves, such as when OMV Petrom acquires a 710MW PV portfolio, signaling a highly competitive and dynamic market.
The Romanian government has been actively encouraging investment in renewable energy. The country has seen a surge in new renewable energy capacities, with 1,591 MW of solar and wind projects launched in 2022 alone. To further support the sector, the government has put forward a new support scheme using contracts for difference (CfDs). These auctions create opportunities for companies, much like how the R.Power Group secures a 55 MWp solar farm through a competitive bidding process.
PPC’s Role in Romania solar energy’s Renewable Energy Future
PPC’s investments in Romania are part of the company’s broader strategy to expand its renewable energy portfolio across Europe. The company’s focus on solar and wind projects positions it as a key player in Romania’s energy transition, with other companies like E.ON Romania also expanding solar capacity.
The 130 MW solar project in the Cฤlugฤreni region is expected to contribute significantly to Romania’s renewable energy capacity. As Romania continues to increase its solar and wind capacity, PPC’s projectsโalongside other key developments like OMV Petrom’s Iศalniศa solar projectโwill play a crucial role in helping the country achieve its energy goals. Understanding the basics of solar panel manufacturing is key to appreciating the scale and technological effort behind these impactful projects.
The development of large-scale solar farms like this relies on a complex global supply chain and sophisticated technology. To learn more about how these powerful assets are created, from raw materials to finished panels, check out our free e-course.
