DRI, the renewable energy division of Ukrainian company DTEK, has successfully increased its operational renewable generation capacity in Romania to 299 MW. This expansion follows the recent approval for commercial operation of the 126 MW Vacaresti solar project, located in Dambovita County. The national energy regulator’s issuance of an operating license marks a significant step forward for DRI in its efforts to enhance its footprint in Romania’s renewable energy sector.
The Vacaresti solar facility is projected to produce enough electricity annually to power around 50,000 households, contributing significantly to local energy needs. Additionally, the project aims to support Romania’s climate goals by reducing carbon dioxide emissions by approximately 48,600 tons per year, highlighting its environmental significance.
Financing for the development of the Vacaresti project was secured through a funding arrangement of up to 60 million euros, facilitated by UniCredit and Garanti BBVA under a non-recourse financing structure. This financial backing underscores the growing interest and investment in renewable energy projects within the region.
Starting January 2027, half of the electricity generated by the Vacaresti solar plant will be provided to OMV Petrom under a long-term physical power purchase agreement. DRI has characterized this arrangement as the largest solar electricity agreement of its kind in Romania to date, indicating a notable shift in corporate energy procurement strategies.
The Vacaresti project marks DRI’s fourth fully operational renewable asset in Romania, joining the existing Glodeni I and Glodeni II solar plants and the 60 MW Ruginoasa wind farm. The latter is particularly significant as it represents Romania’s first newly constructed wind project in a decade, reflecting a broader trend towards diversifying energy sources in the country.
Looking ahead, DRI has announced intentions to bolster its presence in Romania further through future investments in battery energy storage systems. This move aligns with the increasing emphasis on energy flexibility and grid stability as Europe transitions towards cleaner energy solutions.
