Enel Green Power Romania has signed two share purchase agreements with Mytilineos’ renewables and storage development business unit to acquire two solar farms totalling 90MW.
The first project will have an installed capacity of 63MW and will be implemented in Calugareni in Giurgiu county.
Construction is scheduled to start by the end of 2021, with the project coming online at the end of 2022.
The second 26MW plant will be built at Moșteni Teleorman county.
Construction is expected to start at the beginning of 2022 and achieve commercial operations at the beginning of 2023.
The two solar power plants built in partnership with the renewables and storage development business unit of Mytilineos and will generate 130 gigawatt-hours of electricity a year.
Enel Green Power Europe head Aristotelis Chantavas said: “Enel Green Power is accelerating the energy transition in Romania, being a leader in renewable energy in the country’s energy mix.
“The recent acquisitions are part of our broader business strategy for the country, which now starts dynamically the decarbonisation phase.
“By increasing our installed capacity in renewables, we support Romania to meet its environmental goals, servicing the common vision of the Green Deal, and establish a more competitive decarbonised economy, while at the same time we enhance the sustainable development of national and local businesses”
Enel Green Power Romania general manager Florin Gheorghiu said: “Romania has a great opportunity to leverage on its untapped potential in renewable resources, especially now, with the new European targets for the energy transition.
“Enel Green Power Romania follows a solid investment plan in the country that reaffirms our commitment to making our planet sustainable.”