Targoviste to invest €3.88 million in development of PV park

Green Forum
Targoviste City Hall will build a photovoltaic park by December 2026 with European money on an area of 50,000 square meters, which will ensure the energy independence of educational units, public lighting, and several institutions, announces the mayor of Targoviste, Daniel Cristian Stan. The investment is worth €3.88 million.

"Whether we are talking about schools, kindergartens, nurseries, public lighting, the Swimming Tourist Complex or any other public institutions or services, the necessary electricity will be provided, overwhelmingly, by the project in question", says Daniel Cristian Stan, Mayor of Targoviste.

The investment entitled "Increasing the level of energy independence of the Municipality of Targoviste through the creation of a photovoltaic park" is likely to ensure, in a proportion of more than 95%, the energy independence of the municipality of Targoviste, in terms of electricity needed.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Data and energy performance are redefining real estate value
Real estate

Data and energy performance are redefining real estate value

In a video interview recorded at Bratislava Property Forum 2026, Hubert Abt FRICS, CEO of workcloud24, explains why energy performance is emerging as the most important operational metric, how investors are approaching sustainability and what it takes to create real value through data-driven asset management.

Energy

Rezolv Energy launches Bulgaria's St. George solar park

Rezolv Energy has commissioned the St. George solar park in Silistra, Bulgaria, marking the company's first project to become operational. The 225 MW facility reached full operational status in under three years from acquisition of development rights.

Finance

ProCredit Bank Romania launches CO2 calculator for SMEs

ProCredit Bank Romania has launched a CO2 Emissions Calculator to help microenterprises and small and medium-sized enterprises quantify and understand their carbon footprint. This initiative reflects the Procredit Group's commitment to achieve net-zero emissions by 2050, with client engagement at the core of its Climate Action Strategy.

Real estate

Sustainability moves from ambition to action

Conducted in autumn 2025, the RICS Sustainable Real Estate Survey Europe gathered 112 responses from valuers, developers, investors and other professionals across 30 countries. The findings confirm that ESG has moved from a peripheral concern to a core driver of real estate value, risk and decision-making across Europe.