Korkia of Helsinki teamed up with Econous Green Energy of Romania to show off plans for a solar power project in Romania. Finnish investor partners with Romanian developer for 600MW solar project that projects to start building in 2025. It is expected that there will be enough to power about 200,000 homes in Europe for a long time.
The investment director at Korkia talked about how Romania is becoming a major player in renewable energy in southeast Europe. This is making it more appealing to investors from other countries. Romania is working to improve its ability to use renewable energy, which is clear from its growth goals.
The country is moving away from fossil fuels. By 2030, renewable energy sources are expected to make up 36% of the country’s total energy mix. The goal is to install 8.3 GW of solar power by the same year. This is a big increase from 2.6GW, last year’s capacity of the nation towards year-end.
Highlights of 600MW Solar Project in Romania
- Korkia, a company specializing in renewable energy investment from Finland, together with Econous Green Energy, a Romanian renewables company. Together they are preparing to initiate the construction of solar energy projects in Romania, with licensing anticipated in the near future.
- There are plans to have a combined capacity of 600 megawatts and are construction will begin in 2025.
- The energy from these installations would supply power to around 200,000 homes in Europe.
- Peter Goitanich, an investment director at Korkia, views Romania as emerging pivotal region for renewable energy within southeastern Europe.
- Investments in Romania’s renewable energy sector are seeing a significant increase. This shows nation’s readiness to expand its energy capabilities alongside notable government objectives.
- Roughly 40% of Romania’s energy production is currently reliant on fossil fuels. The country is actively working on increasing its renewable energy usage to meet its target.
- Romania’s goal is to source 36% of its energy from renewables by 2030. The nation aims to achieve a solar energy capacity of 8.3 gigawatts by the same year. They have already reached 2.6 gigawatts at the end of the preceding year.
Source: Korkia and Econous Green Energy partner to develop 600 MW of solar power in Romania