EuroEnergy enters the Romanian solar market
05 Dec 2012
Euroenergy has announced it has formed a strategic partnership to enter the Romanian solar market with a local real estate and solar projects developer. The agreement entails the formation of a number of project specific joint ventures to license, build and operate at least three solar plants totalling 18.5MW of installed capacity.
The first such joint venture has already been formed and its identified project, a solar plant of 4.3MW capacity is already in an advanced development stage with signed EPC contract and completed financing. Construction is anticipated to commence in the next 3-4 weeks.
“This development continues the expansion of EuroEnergy’s solar portfolio, following the rapid construction of its solar assets in Greece. It further expands EuroEnergy’s geographical diversification and blueprint within Europe and deepens in organisational capabilities, structure and expertise by deploying its ability and know-how to new geographies”, commented Christos Reveliotis, CEO.
An active presence in Greece since 2008, EuroEnergy has established a portfolio of wind and solar operating assets and a strong local management team with deep knowledge of the local renewables industry and excellent hands-on capabilities in developing and operating wind and solar assets.
EuroEnergy is committed to increasing its presence and investments in the pan-European renewable energy market and contribute to the growth of both national economies and the green economy.