The ENEVO Group marked a doubling of turnover in 2024, and the portfolio of solar parks and storage projects reached 400 MWp installed and under installation, claims Răzvan Copoiu, Deputy CEO, ENEVO Grup, in an exclusive interview offered to Energynomics. “We have consolidated our international presence in Europe and the Middle East, where we already have solid collaborations,” claims Răzvan Copoiu.
What are the main investments and projects of the ENEVO Group in 2024 and what are the main indicators monitored in 2025, in Romania, but also abroad?
The year 2024 was an excellent one for ENEVO Group, marking a doubling of turnover compared to 2023, thanks to accelerated projects and development. We have significantly expanded our renewable energy portfolio, with over 400 MWp under development for photovoltaic projects and energy storage systems. We have also strengthened our international presence in Europe and the Middle East, where we already have solid collaborations. In parallel, the ENEVO team has reached 300 specialists in various fields, strengthening our expertise in renewable energy, automation and cybersecurity. An important achievement was the launch and development of the SENTRY.OT platform, designed for the protection of critical energy infrastructures. For 2025 and in the medium term, we aim to accelerate international expansion, develop new subsidiaries and grow the team in key areas. The key targets are to reach two important thresholds for us, turnover of 100 million euros and 1 GW installed. Digitalization, streamlining operations and strengthening partnerships will remain strategic priorities for the company’s sustainable growth.
What were the main growth drivers for last year?
In 2024, ENEVO recorded significant growth in the renewable energy sector, especially in the development of photovoltaic projects. Automation and energy management systems also had an important evolution, through the integration of SCADA and artificial intelligence-based solutions to optimize energy efficiency. Another growth segment was cybersecurity, with the development and implementation of the SENTRY.OT platform, designed to protect critical energy infrastructure. At the same time, international expansion was an important factor, strengthening the company’s presence in the European and Middle Eastern markets, with projects in Switzerland, Germany, Bulgaria, the Czech Republic and Saudi Arabia.
How did you perceive the main changes in costs (CAPEX) and raw materials and in the speed of project development?
Generally speaking, capital costs were influenced by the increase in prices for renewable energy equipment, but also by the volatility of the global supply chain. The speed of project development has been affected by changing regulations, especially in emerging markets, where authorization processes are slower. The adoption of digital technologies and the use of artificial intelligence have contributed to optimizing project execution, reducing delays and operational costs.
Speaking in particular, for ENEVO the speed of project development is its main asset, our clients even expressly requesting speed of execution, to the detriment of negotiating a lower price.
In conclusion, regardless of market changes, ENEVO will continue to deliver only premium solutions, quality being for us the most important calling card.
How has the return on investment changed recently?
ENEVO Group is a top player in the EPC – general contractor market, the investment area being found with our clients. As a direct negative influence on the company’s profitability, we can mention the elimination of construction tax deductions, ENEVO having over 100 employees involved in construction-assembly activity. International expansion and access to mature markets offer growth opportunities with a mix of offers that continue to ensure good profitability.
What is the pace and volume of project developments in Romania compared to CEE and the EU as a whole?
In Romania, project development is accelerated by the energy transition, but affected by bureaucracy and legislative changes. Compared to the rest of the CEE/SEE region, ENEVO adopts a more aggressive strategy, given the high growth potential. In the European Union, the pace of development is dictated by strict regulations on decarbonization and the transition to renewable energy, which creates both opportunities and challenges for companies in the field. Romania seems, at the moment, to be the most dynamic market for ENEVO.
How do you see the CfD mechanism and its influences in the market evolving? What about the evolution of the PPA segment?
The CfD (Contracts for Difference) mechanism can bring stability to renewables investments, but it is essential that it is properly calibrated to maintain a balance between producers and consumers. At the same time, PPAs (Power Purchase Agreements) are starting to emerge, providing independence from spot market fluctuations and ensuring a predictable revenue stream for renewable projects. This is the solution for sustainable energy development, a fact recognised by mature markets such as Germany and the UK. We expect this trend to continue to develop as large corporates seek financially secure solutions for green energy procurement; their financing through banking institutions will soon become the norm.
