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HELLENiQ ENERGY acquires 211 MW solar portfolio in Romania

A 211 megawatts (MW) solar portfolio developed in Romania by MYTILINEOS Energy and Metals has been acquired by Greece’s energy group HELLENiQ ENERGY.

The binding agreement signed by the two Companies includes the construction and transfer of four solar parks in Southern Romania that are already in an advanced stage of development, of which 13 MW are expected to enter commercial operation in 2023, 108 MW in 2024 and 90 MW by the third quarter of 2025.

All parks will be delivered on the Commercial Operation Date (COD). The total annual production of the projects is expected to exceed 300 gigawatt-hours (GWh) of green energy, enough to meet the needs of 100,000 households.

This agreement marks HELLENiQ ENERGY Group’s entry into Romania’s rapidly growing RES market. It is also the Group’s second entry in the international RES market over the last months, following the recent entry in Cyprus’ RES market, accelerating its portfolio growth and strengthening its extroversion.

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