R.Power secures €12.4 million for Romanian solar projects

Green Forum
Polish solar developer R.Power has secured €12.4 million in project financing to support the development of its first solar projects in Romania, targeting a combined capacity of 23 MWp.

The funding was arranged by Bank Gospodarstwa Krajowego, R.Power announced in a social media update.

This agreement marks the company's second project finance deal outside of Poland, reinforcing its international expansion strategy. Earlier this year, R.Power obtained similar financing for its utility-scale solar projects in Portugal.

Construction on the Romanian portfolio, consisting of four solar sites, began in December. In March, the company also signed an offtake agreement for 357 GWh of solar energy in Romania.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Mobility

EV market surges in early 2025

Battery-electric vehicles (BEVs) accounted for 15.2% of the EU market share as of February 2025, marking a significant rise from 11.5% in the same period of 2024.

Industry

LG Energy secures Polish ESS deal

LG Energy Solution has been chosen as a key partner for a large-scale energy storage system (ESS) project led by Poland's state-owned utility, PGE.

Energy

Hunedoara county's largest public solar park

The project for new renewable energy production capacities, submitted by the Hunedoara County Council and the Petrila City Hall, has been approved for funding by the Ministry of Energy.

READ MORE
Green Forum  |  28 March, 2025 at 9:04 PM
Green Forum  |  28 March, 2025 at 9:03 PM