DRI, the renewable energy subsidiary of Ukrainian energy holding DTEK Group acquired a 126 MW solar photovoltaic project in Romania’s, Dambovita county, from local developers.
The construction of the Vacaresti solar park, the company’s third renewable energy project in Romania, will begin this autumn and is expected to be completed a year later, DRI said in a press release. The solar park will contribute to DRI’s goal of reaching a renewable energy capacity of 1 GW in Romania by 2028.
The value of the transaction was not disclosed.
The solar PV plant is expected to generate 205.8 GWh of electricity per year, which is enough to power about 50,000 households, and will reduce CO2 emissions by 48,600 tonnes annually.
The sellers have already secured the land, grid connection, and permits necessary for the construction of the solar park.
“The Vacaresti project demonstrates DRI’s ambition to become a significant player in Romania. We believe that Romania has the means to become a hub for renewable energy, and the new Contract for Difference scheme encourages companies like DRI to continue to invest and help unlock Romania’s solar and wind energy potential,” DRI CEO John Stuart said, seenews.com reports.
