Additionally, Defic Globe is strengthening its commitment by opening an office in Bucharest and becoming a member of the Romanian Photovoltaic Industry Association (RPIA).
Defic Globe, part of YEO Technology — the global energy giant headquartered in Turkey, completed the group's first major investment in the Romanian photovoltaic sector last year — the Caracal Solar Power Plant (CES) — with an installed capacity of 18 MWp and generating approximately 26 GWh of electricity annually. This significantly contributes to Romania's environmental goals by avoiding emissions of 32,300 tons of CO₂, equivalent to the amount sequestered by approximately 165,000 trees.
Following the successful project from the previous year, Defic Globe continues its investments this year. The company has started the construction of two new solar power plants in the city of Bobicești, with a combined capacity of 21.3 MWp, scheduled to become operational in the second quarter of 2025. The investment will generate 34,400 MWh of energy per year, supporting the national demand for clean energy.
Moreover, Defic Globe recently announced a partnership with Shanghai Electric Power Co., Ltd. (SEP), to jointly develop two photovoltaic power plants in Romania — with a total capacity of 129 MWp, separate from the previously mentioned projects. Under the agreement, the investment in the plants will be made jointly with SEP, and the turnkey construction, including engineering services, installation of high-voltage transformers and power lines for the solar power plants, will be carried out by Defic Globe.
"We believe in Romania's potential and its direction of development in the field of clean energy. Local investments are essential for our global goal of reaching a production capacity of 1 GW from renewable sources by 2030. Our international experience, with over 400 projects completed on three continents, gives us confidence that we will contribute significantly to Romania's energy transition," said Tolunay Yıldız, CEO of YEO Technology.
YEO Technology, strengthening its position in the local market
In addition, to strengthen its local presence, YEO Technology opened an office in Bucharest in October, facilitating the direct management of renewable energy investments in the country. This office will support the company's expansion activities and provide optimal support for ongoing and future projects."
