Econergy Secures funding PV project in Romania

Green Forum
Econergy Renewable Energy, a leading renewable energy developer and Independent Power Producer (IPP), is proud to announce its success in the recent Romanian Contracts for Difference (CfD) auction with the Parau 2 solar project. 

The Parau 2 plant has a total capacity of 310 MW (DC), with a maximum awarded CfD capacity of 125 MW AC (150 MW DC). Econergy secured a price of €49.4/MWh under a 15-year contract which is fully index-linked to ensure the long-term stability and viability of the project. The cumulative expected revenues from the project during the CFD period are estimated at approximately €447 million.

The Parau 2 Project is located in the Brașov region of Romania and is currently in the “licensing” phase. Construction is expected to begin in 2025 and connection in 2027. The achievement underscores Econergy's leading role and commitment to advancing renewable energy solutions in Romania's transition toward its net-zero goals. With construction already progressing, Parau 2 is set to play a key role in strengthening the country's solar capacity and reducing carbon emissions.

This milestone reflects Econergy's strong pipeline, technical expertise, and dedication to accelerating the clean energy transition across Europe, and particularly in Romania.  In the upcoming CfD auction in 2025, in which 3,500 MW are expected to be allocated, Econergy plans to submit additional projects. The success of Parau 2 reaffirms Econergy's position as a leader in the realisation of large-scale renewable projects that are in line with European energy targets and are addressing both environmental and economic priorities. 

RECOMMENDED
Renalfa acquires PV project in Romania
Business

Renalfa acquires PV project in Romania

Renalfa IPP, an independent energy developer and producer based in Vienna, has acquired a 258 MWac photovoltaic (PV) project located in Teleorman, Romania.

RECOMMENDED FROM THE HOME PAGE
Poland opens funding for energy storage projects
Industry

Poland opens funding for energy storage projects

Poland's National Fund for Environmental Protection and Water Management (NFOŚiGW) has opened a call for applications to co-finance electricity storage facilities, with funding from the Modernisation Fund.

Mobility

EU must align EV incentives

As electric vehicle (EV) adoption lags behind expectations, the European Automobile Manufacturers' Association (ACEA) calls for a more unified and ambitious approach to incentive programs across the EU.

Industry

Romania reaches 30% wind power milestone

Romania reached a landmark moment in its energy sector, with wind power generating over 30% of the nation's total electricity consumption—an achievement the authorities have described as symbolic.

Industry

EU funds Belgium's green transition

The European Commission has endorsed a positive preliminary assessment of Belgium's second payment request for €909 million under the Recovery and Resilience Facility.

Business

Verbund acquires 272 MW wind project in Romania

Verbund Wind Power Romania has acquired a fully developed wind energy project from Monsson, a multinational group specializing in wind, solar, energy storage, and green hydrogen solutions.

READ MORE
Green Forum  |  11 April, 2025 at 6:00 PM
Green Forum  |  11 April, 2025 at 2:00 PM