Photon Energy NV (WSE:PEN) has started building a 4.8-MWp photovoltaic (PV) park in Romania as part of a plan to commission 32 MWp of total generation capacity in the country by the end of the year.
The Amsterdam-based solar and water solutions company said today it is constructing the new facility on 10 hectares of greenfield land near Teius in Alba County. This solar project is the company’s sixth in Romania as it just recently started building five other PV parks totalling 16.5 MWp near Siria, Aiud and Calafat.
The latest scheme envisages the installation of some 8,700 bifacial PV panels with the combined capacity to produce around 7.1 GWh of electricity per year, feeding it into the grid of Distributie Energie Electrica Romania. The output will be sold on the energy market on a merchant basis.
Upon commissioning of this facility, scheduled for the final quarter of 2022, Photon Energy’s IPP portfolio will include 94 solar power plants totalling 113 MWp. In Romania alone, the company has 12 MWp of shovel-ready projects in addition to the six that are already under construction.
In all, Photon Energy has 235.4 MWp of Romanian solar schemes under development. This pipeline is seen to be realised in 2023 and 2024.
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