MET Group Launches 80-MWp Solar Project in Romania

• MET Group launches an 80 MWp solar farm in Romania, boosting renewable energy and aligning with EU climate goals for a sustainable future.

Swiss energy company MET Group has commenced the construction of an 80-megawatt peak (MWp) solar farm in Rascaeti, located in Dambovita County, Romania. This development marks a significant step in MET Group's expansion into renewable energy projects within the region, aligning with broader European efforts to increase sustainable energy production.

The solar farm is expected to bolster Romania's renewable energy capacity, contributing to the country's energy transition goals. MET Group's investment in this project underscores its commitment to enhancing its renewable energy portfolio and supporting the European Union's climate objectives by reducing reliance on fossil fuels and lowering carbon emissions.

How will MET Group's solar farm impact Romania's renewable energy goals and EU climate objectives?

• Contribution to National Renewable Energy Targets: The 80 MWp solar farm will significantly contribute to Romania's national renewable energy targets. By increasing the country's solar energy capacity, it helps Romania move closer to its goal of sourcing 30.7% of its energy from renewable sources by 2030, as outlined in its National Energy and Climate Plan (NECP).
• Reduction in Carbon Emissions: The solar farm will aid in reducing Romania's carbon footprint by decreasing reliance on fossil fuels. This aligns with the EU's broader climate objectives, which aim for a 55% reduction in greenhouse gas emissions by 2030 compared to 1990 levels.
• Support for EU's Green Deal: The project supports the European Green Deal, which seeks to make the EU climate-neutral by 2050. By increasing the share of renewable energy in Romania, the solar farm contributes to the EU's overall strategy of transitioning to a sustainable and resilient energy system.
• Economic and Job Creation Benefits: The construction and operation of the solar farm are expected to create jobs and stimulate economic growth in Dambovita County. This aligns with EU objectives to ensure a just transition that supports communities and workers affected by the shift to a low-carbon economy.
• Energy Security and Independence: By increasing domestic renewable energy production, the solar farm enhances Romania's energy security and reduces its dependence on energy imports. This is in line with EU goals to ensure a secure, affordable, and sustainable energy supply for all member states.
• Technological Advancement and Innovation: The project may encourage further technological advancements and innovation in Romania's renewable energy sector. This can lead to improved efficiency and cost reductions in solar energy production, supporting the EU's aim to maintain global leadership in renewable technologies.
• Regional Renewable Energy Leadership: MET Group's investment in the solar farm positions Romania as a leader in renewable energy within the region. This can inspire neighboring countries to pursue similar projects, contributing to a collective effort to meet EU climate objectives.