Greenvolt Next Romania is developing 11 commercial self-consumption solar projects in the Dobrogea region, using fully financed power-purchase agreements to add approximately 2.5 MW of distributed photovoltaic capacity.
The portfolio represents an investment of around €1.6 million and covers companies operating in eight industries. Greenvolt will finance, install and operate the systems, while customers purchase the generated electricity at a predetermined price under contracts lasting between five and ten years.
Ownership of the installations will transfer to the customers without an additional payment after the contracts expire. The structure allows participating businesses to reduce electricity expenditure without allocating their own capital to construction.
Greenvolt estimates that the systems will supply an average of approximately 70% of each customer’s electricity consumption. Combined savings over the contract terms are expected to exceed €1.8 million, while annual carbon emissions should fall by around 1,255 tonnes.
Two of the largest installations, with combined capacity of nearly 795 kW, are being developed for food producer Dobrogea Group. The company is expected to save more than €150,000 in electricity costs during the agreements.
Greenvolt has also installed two systems totalling approximately 185 kW for La Scoica Land Hotel and La Scoica Pizzeria on Romania’s Black Sea coast. Projected savings at the two hospitality sites are close to €200,000.
The portfolio includes rooftop and ground-mounted plants. Some sites require additional engineering work, including reinforcement of roof structures and adaptation of buildings before photovoltaic equipment can be installed. These costs help explain differences in CAPEX between apparently similar commercial solar projects.
The stated investment implies an average cost of approximately €640,000 per MW across the portfolio. That is competitive for distributed commercial solar, although project returns will depend on customer credit quality, consumption profiles, contract pricing and the cost of financing.
Greenvolt Next has signed Romanian contracts covering 38.7 MW, of which 19.2 MW is already operational, and supplies more than 140 commercial customers. Its model transfers construction and performance risk away from the customer while retaining long-term exposure to the offtaker.
For industrial and commercial users, the appeal is moving from capital investment to contracted operating expenditure. For Greenvolt, bankability rests on assembling a diversified portfolio of customers with reliable payment capacity and sufficiently stable daytime demand to consume most generation behind the meter.
