Romania, Beltrame plans to invest 200 million euros to build 120 MW solar power plant

Italian special steels manufacturer AFV Beltrame Group said that it plans to invest 200 million euros to upgrade the recently-acquired COS Targoviste special steel plant in Romania and to build a solar power plant with an installed capacity of 100-120 MW.

The statement from the company said that, over the next five years, around 100 million euro will be invested in modernizing the machinery and 80 % of the budget will be allocated to the purchase of technologies to reduce carbon emissions, increase energy efficiency and move towards a circular economy by reusing resources and minimizing waste.

Beltrame Group also said it plans to invest 100 million euros to build a solar power plant with an installed capacity of 100-120 MW and an energy storage system, which will supply the production units.

For 2022, the Beltrame Group estimates a turnover of around 140 million euros in Romania, a similar level to 2021.