Energy | 10 January, 2025 at 9:34 AM
Monsson gets green light for Europe's largest solar park
Monsson has secured all necessary approvals to start building Europe's largest photovoltaic park, located in Arad County.
Monsson has secured all necessary approvals to start building Europe's largest photovoltaic park, located in Arad County.
Simtel and Monsson announced the signing of a strategic partnership aimed at developing, constructing, and selling photovoltaic and hybrid projects with a total installed capacity of approximately 150 MWp.
This deal will support Nala Renewables' €214 million acquisition and development of a 99.2 MW onshore wind project in eastern Romania.
This capacity is part of the first hybrid photovoltaic wind-battery project installed within the Mireasa Wind Farm.
The largest photovoltaic park in Europe is being built in Arad, Romania. The investment amounts to €800 million and will start this summer, in the Pilu - Grăniceri area. The land on which the photovoltaic park will be built has an area of 1,064 hectares.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
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.
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.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
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.
