TeraPlast signed the financing contract for a financial support of approx. 5.5 million lei through the National Recovery and Resilience Plan for the development of a new photovoltaic plant within the Industrial Park of Sărătel. The non-refundable financing, approved according to the request, will cover about a quarter of the company’s total investment in this project, whose budget reaches 22.56 million lei.
The new photovoltaic plant is designed for a power of approx. 4.56 MWp, respectively a power produced (from inverters) of approx. 3.81 MW and is part of TeraPlast’s sustainable development strategy, which also includes increasing energy independence from renewable sources.
“The project for realizing the photovoltaic capacity is the guarantor of the sustainable development of TeraPlast’s business. The future plant will contribute to the reduction of greenhouse gases, i.e. to the estimated annual decrease of greenhouse gases by 3,238 tonnes of CO2e (CO2 equivalent). Due to the specifics of our activity, we have an appreciable consumption of electricity, and the provision of a substantial part of internally developed renewable sources helps us in our sustained effort of decarbonization and the application of sustainable solutions, friendly to the environment. At the same time, such capacities also contribute to the reduction of production costs, with a beneficial effect on the competitiveness of the Group as a whole,” said Nicolae Roșu, operational director of TeraPlast.
Reducing the carbon footprint, with the EU’s perspective of achieving climate neutrality in the 2050 horizon, is also a strategic concern for the TeraPlast Group, which over time has implemented various environmentally friendly solutions, such as recycling and the use of recycled material in existing products, digitization of processes or renewable energy sources.
The project involves the installation of monocrystalline photovoltaic panels on an on-grid structure, without injection into the network, and the integration of an electricity storage facility. The estimated deadline for the completion of the project is June 30, 2024.
The new photovoltaic plant will consist of over 8,000 panels. At the same time, the Group will give priority to external purchases of energy from renewable sources.
In the last 5 years, the TeraPlast Group has invested almost 400 million lei in projects that ensure the expansion of production capacities, business diversification and sustainable development.