A 258 MWac (megawatts alternating current) photovoltaic (PV) project in Teleorman, Romania, has been acquired by Renalfa IPP, a leading renewable energy development and investment company based in Vienna.
This acquisition is in line with Renalfa IPP’s strategic commitment to developing sustainable energy solutions in Central and Eastern Europe (CEE). The project also represents a significant milestone in the expansion of Romania’s renewable energy portfolio.
The Teleorman project is scheduled to be commercially operational in 2027. It will contribute to Romania’s decarbonization goals and the country’s energy security.
In addition to the photovoltaic capacity, Renalfa IPP plans to integrate 1,000 MWh of battery energy storage (BESS) assets as part of the project’s future development. This energy storage capacity will enhance the stability of the electricity grid, optimize the use of renewable energy and support the transition to a resilient and sustainable energy system.
“We are excited to complete the acquisition of this landmark project in Romania,” said Dr. Nikola Antonov, spokesperson for Renalfa IPP. “This project is a testament to our commitment to leading the energy transition in the CEE region and to providing innovative renewable energy solutions that meet the challenges of the future.”
The project underlines Renalfa IPP’s dedication to promoting regional economic growth, creating green jobs and contributing to a cleaner future. By leveraging its expertise and commitment to innovation, Renalfa IPP continues to position itself as a key player in the CEE energy market.
Renalfa IPP is a Vienna-based independent power developer and producer, established as a joint venture between Renalfa Solarpro Group GmbH and the French infrastructure investment fund RGREEN INVEST.
The company owns and develops PV, BESS and wind projects with a total capacity of approximately 2 GW in Bulgaria, Hungary, North Macedonia and Romania, including approximately 300 MW already operational, 460 MW at a construction stage and 1 GW at an advanced stage of development.