Romania is rushing to boost its wind and solar power capacity to meet tight deadlines for European funding, increase energy independence from Russia, mitigate the effects of the global energy crisis and decarbonize its economy.

For sale a 1GW Project Pipeline in Romania, the developer has unveiled a pipeline of 1GW of grid-connected solar projects to be developed in the country.

The pipeline will be executed between 2023 – 2028 in five slots: 200MW (2023), 200MW (2024), 200MW (2025), 200MW (2026), 200MW (2027).

The Developer has secured a large areas of land in the Bucharest Area.

The beginning of the works is scheduled for June, with an ambition to get the solar park online in 2028. The investors revealed it would include an energy storage system. The electricity is planned to be sold to commercial and industrial consumers on the free market.

The developers pointed out that much of the low-quality agricultural land would be converted to pasture to control vegetation.

The project is already in the late-stage development phase, and Developer is already appraising technology solutions and debt financing options.

This is an opportunity for an investor to acquire a pipeline with favourable purchasing condiction (Pay after build)

Keypoints

– Purchase of Ownership Rights on Agricultural Land
– Purchase of GOV Building Permission / Approval
– Purchase of the whole Plan, Study, etc.
– NOT Included (Solar Panels, Inverters, Fences, Metal Structure, Cable, etc)

Irradiation Parameter Values

– Horizontal global irradiation [kWh/mÇ/y] 1,383.0
– Global incident in collector plane @ 25° tilt (gain of irradiation due to inclined collector plane)
– 14 % Total irradiation in collector plane [kWh/mÇ/y]

© 2020 The World Bank, Source: Global Solar Atlas 2.0, Solar resource data: Solargis.