Poland’s R.Power, Romanian partner to develop 100 MW PV projects

Polish solar projects developer R.Power signed a cooperation agreement with an unnamed Romanian peer company to develop photovoltaic projects with a total capacity of up to 100 MW in the Southeast European country, it said on Wednesday.

“Romania is an emerging market with a great potential. We are negotiating with further developers in the photovoltaic sector, and are open to new business opportunities. We want to take advantage of the increasingly friendly legislative environment and support the authorities in achieving their sustainable development goals,” said R.Power’s CEO Przemek Pieta.

In June, the company established a programme to issue green bonds with a total nominal value of up to 1 billion Polish zlotys (222 million euro). Bonds with a total nominal value of 150 million zlotys were issued under the first series, and some of them will be used for projects development in Romania.

According to the provisions of the European Green Deal, Romania must achieve a target of 30.7% share of renewable energy in the energy mix by 2030. This means that over the next ten years the increase in capacity from renewable energy sources should be around 6 GW per year, R.Power noted.

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