Poland's R.Power, Romanian partner to create 100MWp PV projects

• Polish solar projects developer R.Power signed a cooperation arrangement with an unrevealed Romanian peer company to create photovoltaic or pv projects with a total capacity of up to 100 MWp in the Southeast European country, it said on Wednesday.

"Romania is an arising market with a great potential. We are discussing with further designers in the photovoltaic market, as well as are open to brand-new business possibilities. We intend to capitalize on the significantly pleasant legislative setting as well as sustain the authorities in accomplishing their sustainable growth goals," R.Power CEO Przemek Pieta stated, as priced estimate in a company news release.

In June, the firm established a programme to provide eco-friendly bonds with an overall nominal value of approximately 1 billion Polish zlotys ($261 million/222 million euro). Bonds with an overall nominal value of 150 million zlotys were issued under the initial series, as well as a few of them will certainly be utilized for projects development in Romania.

According to the arrangements of the European Green Deal, Romania has to attain a target of 30.7% share of renewable resource in the energy mix by 2030. This indicates that over the following ten years the increase in capacity from renewable energy resources must be about 6 GW annually, R.Power kept in mind.

R.Power is the biggest company in the photovoltaic or pv industry in Poland, where it is creating a portfolio of solar farms with a capacity of over 5 GWp. It has projects in numerous European countries including Poland, Italy, Spain and also Portugal. The business operates in the whole worth chain on the PV market-- it creates and also carries out power plant projects, develop the plants and also supplies expert management, solution as well as maintenance services for solar farms and is a producer of energy from solar nuclear power plant.

Over the last 2 years, R.Power has actually gotten project financing worth a total 772 million zlotys.