June 23, 2024
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Romania: BayWa to acquire 44.5 MW solar project, Poarta Alba

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German renewable developer BayWa is taking over the Poarta Alba solar park project in Romania, developed by HVAC Systems. The photovoltaic project has a capacity of 44.5 MW.

The deal is part of a strategic partnership between the two companies and HVAC Systems will continue to develop the Poarta Alba project from the takeover stage until its commissioning, HVAC Systems said in a press release.

HVAC Systems manages projects with an installed capacity of about 150 MW, the company added, noting that the partnership with BayWa r.e. demonstrates its commitment to sustainable and innovative renewable energy development.

-We are excited about this collaboration and we are convinced that our expertise in energy engineering, together with the resources and experience of BayWa r.e., will make a significant contribution to the development of projects from renewable sources in Romania and in the region – said Cristian Andrei, CEO of HVAC Systems.

HVAC Systems specializes in HVAC (heating, ventilation, and air conditioning) engineering, energy engineering, and irrigation infrastructure development, as well as the development and management of photovoltaic and electricity storage projects.

BayWa r.e. is present in over 33 countries worldwide, operating solar, wind, and bioenergy projects. With revenues of almost EUR 6.5 billion, BayWa r.e. is a leading global renewable energy developer, service provider, distributor, and energy solutions provider. The company is jointly owned by BayWa Group and Energy Infrastructure Partners.

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