CCE Launches Major 40-MWp Solar Park in Romania

• CCE Holding unveils Romania's largest solar park, powering 17,000 homes and committing to a sustainable future with ambitious expansion plans on the horizon!

CCE Holding has inaugurated its largest solar photovoltaic (PV) park, the 40-MWp Horia solar park, in northwestern Romania. The ceremony was held recently, marking a significant milestone for the Austrian-German solar installer, which views Romania as a key market. The plant spans 40 hectares and is equipped with 75,249 PV modules designed to provide green electricity to approximately 17,000 homes annually. Construction began after securing permits in November 2022 and was financed through debt from Raiffeisen Bank International and Romania's National Recovery and Resilience Plan.

Looking ahead, CCE plans to expand its photovoltaic production capacity in Romania with multiple additional projects in the pipeline, set to begin construction in 2025. Alexandru Matei Fatu, managing director of CCE Romania, emphasized the company's commitment to enhancing Romania's renewable energy landscape and contributing to national sustainability objectives.

What are CCE Holding's future plans for solar energy projects in Romania?

CCE Holding's future plans for solar energy projects in Romania include the following key initiatives and strategies:

• Expansion of Solar Capacity: CCE Holding is planning to significantly increase its photovoltaic production capacity in Romania, aiming for a diversified portfolio of solar projects.
• Additional Project Pipeline: The company has multiple projects in the pipeline, which are set to commence construction starting in 2025. This indicates a sustained commitment to growth in the solar sector.
• Geographic Focus: CCE Holding is specifically targeting regions across Romania that have high solar potential, likely assessing areas based on solar radiation levels and land availability.
• Collaboration with Local Authorities: As part of its strategy, CCE will work closely with Romanian government agencies and local authorities to navigate permitting and regulatory processes more efficiently for future projects.
• Investment in Innovative Technologies: The firm is expected to explore and implement cutting-edge solar technologies and energy storage solutions to enhance the efficiency and reliability of its solar installations.
• Community Engagement Initiatives: CCE plans to engage with local communities to promote the benefits of solar energy, including job creation and environmental sustainability, thereby fostering a positive public perception of renewable energy projects.
• Partnership Development: The company aims to establish partnerships with local businesses and energy cooperatives to bolster community involvement and investment in solar energy initiatives.
• Alignment with EU Objectives: By expanding its operations in Romania, CCE Holding aligns itself with European Union directives on renewable energy growth and sustainability, contributing to the region’s energy transition goals.
• Long-term Sustainability Goals: The company's expansion strategy is also focused on meeting long-term sustainability objectives, including reducing carbon emissions and supporting Romania's commitment to renewable energy targets.
• Economies of Scale: CCE Holding seeks to achieve economies of scale through the development of larger solar parks, which will enhance the overall feasibility and financial viability of future solar projects.

By implementing these strategies, CCE Holding aims to establish itself as a leading player in Romania's renewable energy market while contributing to the country's energy independence and sustainability goals.