Israeli renewables developer Econergy Renewable Energy has finalised the engineering, procurement and construction (EPC) agreements for 172MW worth of solar projects developed by Chinese companies in Romania.
The EPC contract for the Parau solar project has been signed with Shanghai Electric Group, while the Oradea contract was signed with Chintec Group.
Due to enter commercial operation in the third quarter of 2023, the Parau project in Brasov county and the Oradea project in Bihor county will join five other solar projects in Romania that Econergy expects to become operational next year.
The developer currently has a 1.5 GW solar pipeline in Romania, including the largest solar project in the country, which it acquired in November 2021 – a 155 MW ready-to-build project developed in Ratesti (Arges county) by the real estate developer Portland Trust.
In February, Econergy secured more than 200 million euros in financing to support the construction of its eastern European project pipeline, specifically in Romania and Poland.