Greek industrial company Mytilineos has signed an agreement with Enel Green Power Romania, part of Italy’s Enel Group, to sell a 90 megawatts (MW) solar portfolio in Romania.
The portfolio consists of two solar farms, located in Southern Romania, close to Bucharest. They are planned to start commercial operations by the end of 2022 or early 2023.
The major project is the 63 MW Ready to Build (RTB) solar farm in Calugareni, with construction scheduled to start by the end of 2021. The remaining capacity of 26 MW is currently under development.
The two solar power plants are estimated to generate around 130 gigawatt-hours (GWh) annually, avoiding roughly 141.740 tonnes of CO2 emissions per year. The solar farms will boost the solar capacity of Enel Green Power Romania Romania, now standing at 36 MW.
“The recent acquisitions are part of our broader business strategy for the country, which now starts dynamically the decarbonisation phase,” said Aristotelis Chantavas, Head of Europe at Enel Green Power adding that by increasing the installed capacity in renewables Enel Green Power will support Romania to meet its environmental goals, the common vision of the Green Deal, a more competitive decarbonised economy, and enhance sustainable development goals.
“We are excited about this transaction in Romania, as this is an important milestone for our development strategy in Europe,” said Mytilineos RSD business unit general manager Nikos Papapetrou.
“We have been one of the first companies to invest in solar energy in Romania – a country with great potential in the development of RES, and we are proud to contribute to the country’s energy transition,” added Mr Papapetrou.