R Power is joining forces with French asset manager Eiffel Investment Group to develop over 1GWp of ground-mounted solar projects in Romania.
As part of a JV, R Power will bring over 50 photovoltaic projects at various stages of development, while Eiffel Investment Group will provide financing via its Eiffel Transition Infrastructure fund.
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The partners intend to accelerate the development of solar projects on the Romanian market, by combining their expertise in this field.
Once operational, these projects should supply renewable electricity to over 500,000 Romanian households, helping to avoid the emission of the equivalent of 420,000 tonnes of CO2 per year.
French law firm De Gaulle Fleurance team advised R Power on the deal.