Econergy Renewable Energy, an investor, developer and operator of renewable-energy projects across Europe, has finalized the engineering, procurement and construction (EPC) agreements for two solar PV projects in Romania.
The Parau project, which will have a total installed capacity of 91 megawatts, was signed with Shanghai Electric Group Co., and the Oradea project, which will have a total installed capacity of 81 megawatts, was signed with the CHINTEC Group. Both projects, which total 172 megawatts, are due to become commercially operational in third quarter of 2023.
The projects will form part of Econergy’s 1.5-gigawatt solar PV pipeline under development in Romania and part of its wider 7.5-gigawatt pipeline in Europe.
“Romania represents a key target geography for Econergy, and this acquisition builds on our reputation as a leading developer in the Romanian renewables market with strong local development, management and engineering specialisms,” said