Romania, Green Genius is planning to build over 500 MW of solar capacity

, SEE Energy News

One of the leading European renewable energy developers, Lithuanian company Green Genius is planning to build over 500 MW of solar capacity in Romania by 2025, an investment of some 450 million euros.

According to the National Integrated Plan for Energy and Climate Change 2021–2030, Romania has set the target that 30.7 % of its total energy mix will be from renewable energy sources by 2030. However, to reach this target, the Romanian energy generation system needs
massive investments in the coming years.

CEO of Green Genius Ruslan Sklepovic said that the company predicts a rapidly growing demand for renewable energy throughout Europe. The ambitious goals of the European Union in pursuit of the climate-neutral model encourages countries to increasingly focus on renewable energy development. With its energy sectors currently in a rapid growth phase, Romania has promising potential for the development of solar projects.Geographically, Romania has numerous advantages when it comes to solar energy investments, and Green Genius is prepared to invest here in the coming years.

Currently, the total pipeline of Green Genius solar projects that are under development, construction and already implemented exceeds 1.5 GW in different markets. Last year, Green Genius generated 399 GWh of green energy and saved around 335,000 tons of CO2.