Global power and renewable energy platform Nala Renewables is expanding in Romania with the takeover of Monsson’s 61 MW photovoltaic park in Caras-Severin county. The construction of the park will start in the third quarter of 2024 and the project is expected to be operational and connected to the grid in 2025.

The project includes the possibility of expanding capacity by adding a battery energy storage system (BESS), which Nala Renewables plans to integrate into the park in Caras-Severin county. The PV plant benefits from a long-term power off-take agreement, ensuring revenue security for at least twelve years after commissioning. The other terms of the agreement signed between Monsson and Nala Renewables remain confidential.

“We are delighted to have finalized our first acquisition with Monsson, which has significant experience in developing and operating renewable energy projects in Romania,” said Will Herlinger, Director at Nala Renewables. Monsson remains committed to its mission of contributing to a just transition to clean energy and a “stable energy system”, added Sebastian Enache, Head of M&A at Monsson. “All of our current projects include battery energy storage solutions, as our vision is that renewable energy can be delivered in tape,” he said.

With over 20 years of experience in the renewable energy market in Romania, Monsson has become the leading supplier of renewable electricity with a portfolio of over 5 GW of wind and photovoltaic projects. The company provides turnkey services for the design, development, construction and operation of renewable energy projects, as well as the construction and operation of battery energy storage solutions.

Nala Renewables is a 50-50% joint venture between Trafigura, one of the world’s largest independent commodity trading companies, and the IFM Net Zero Infrastructure Fund. By 2025, Nala Renewables’ goal is to build a global portfolio of renewable energy projects with a cumulative generating capacity of four gigawatts.