Renalfa IPP, a Vienna-based renewables developer and independent power producer, announced the acquisition of a 258 MW solar project in Romania’s Teleorman county at the close of 2024. The company stated that the project is expected to be operational by 2027 and will play a key role in Romania’s efforts to achieve its decarbonization and energy security objectives.
As part of the development, Renalfa IPP plans to integrate a 1,000 MWh battery energy storage system (BESS) to enhance grid stability and optimize renewable energy use. This acquisition aligns with Renalfa IPP’s ongoing commitment to advancing sustainable energy solutions in Central and Eastern Europe (CEE).
Renalfa IPP is a joint venture between Austria’s Renalfa Solarpro Group and the French infrastructure fund manager RGreen Invest. The company currently owns and develops solar, storage, and wind projects with a combined capacity of approximately 2 GW across Bulgaria, Hungary, North Macedonia, and Romania. This portfolio includes around 300 MW of operational projects, 460 MW under construction, and 1 GW in the late stages of development.
