Israel-headquartered independent power producer (IPP) Econergy has begun commercial operations at a 92 MW solar PV project in Parau, in Romania.
The project is co-owned by Econergy and the French renewable energy investment fund RGreen. Econergy provided engineering, procurement and construction (EPC) management services during the construction process of the solar PV plant, and it will continue to provide asset management services for the next ten years as it operates.
The PV park will be capable of generating electricity to supply around 70,000 homes per year, Econergy said in a LinkedIn post. The Parau park was built with a 50 million euro debt and equity financing contribution by RGreen Invest made in February 2022.
Econergy has 247 MW of installed renewable energy capacity in Romania and a pipeline of nearly 500 MW. Last November, the Israeli company and its compatriot Nofar Energy officially opened the 154 MW Ratesti solar park in Arges County, touted as the largest PV complex in southeastern Europe.
