TeraPlast Group has submitted an application for funding for the project “Establishment of new capacity to produce electricity from solar sources, with integrated storage facilities, for self-consumption TeraPlast SA” through the National Recovery and Resilience Program. The project aims to develop renewable energy sources in the industrial park in Sărățel.
The investment involves the construction of a photovoltaic plant. The resulting energy would be used within the Group. The project was submitted to the PNRR platform, where over 650 renewable energy projects were submitted.
“This ambitious project helps us to mark two important points in the Group’s strategy. Investment is an integral part of our sustainable development program, significantly reducing our carbon footprint, as we have assumed. This project contributes to the reduction of annual emissions by more than 3,200 tonnes of CO2e (CO2 equivalent). Second, renewable energy production increases our competitiveness by reducing costs, and gives us less exposure to energy market volatility, in a complex context such as the current one, which tends to become persistent. We will continue to invest in this type of solution in the future because there are real benefits for both the business and the environment,” said Nicolae Roșu, operational director of the TeraPlast Group.
The project is part of TeraPlast’s investment budget for 2022. The total value of the submitted project exceeds 19 million lei. The investment includes a photovoltaic plant with a capacity of about 4.56 MWp, respectively a power produced (from inverters) of 3.8 MW.
