Romania's Electrocentrale Borzesti starts PV energy production

Green Forum
Electrocentrale Borzesti announced the commissioning of its first megawatt of photovoltaic energy. Renovatio, a prominent player in solar energy and green technology in Romania, is set to finalize the photovoltaic project at Electrocentrale Borzesti by the end of April 2024, with a planned installed capacity of 50 MW.

The project entails the installation of roughly 75,000 photovoltaic panels, expected to generate 70,000 MWh/year, capable of supplying the equivalent of 350,000 households (with a monthly consumption of 200 kWh) for one year.

Additionally, at Borzesti, 50 MW of wind power will be installed gradually, with plans to develop a total capacity of up to 1,000 MW in Galati County by the end of 2028.

Funding for constructing the photovoltaic park at Borzesti, amounting to around €30 million was sourced from Renovatio's funds and bank loans.

OMV Petrom SA, Southeast Europe's largest integrated energy company, has recently signed an agreement to acquire a 50% stake in Electrocentrale Borzesti from RNV Infrastructure. The transaction is currently undergoing review by the Competition Council.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Energy

Orlen secures €1.8 billion for grid upgrade

Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.

Business

OMV Petrom builds sustainable fuels unit

OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.

Energy

TotalEnergies and Liquide decarbonize refineries

In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.

READ MORE
Green Forum  |  20 February, 2025 at 8:40 PM
Green Forum  |  20 February, 2025 at 7:06 AM