European independent power producer nextE has signed a long-term power purchase agreement to offload electricity from a 42.9-MW solar park in Romania, the company said in a press release.
The agreement covers the output of what nextE says is the largest onsite solar commercial and industrial project in Romania.
Under the plan, nextE will spend EUR 35 million on developing and building the photovoltaic farm. The plant will cover a 50-hectare area and will be equipped with 78,000 PV panels and 130 inverters.
nextE’s plan is to combine power generation at the site with agricultural activities. The project also envisages the construction of a new substation.
“The signing of the partnership between nextE and our client represents a landmark event for the photovoltaic industry and the C&I market in Romania,” said Octavian Ciuca, co-founder and co-CEO of nextE.
At present, nextE is working on several renewable energy projects with a combined capacity of around 160 MWp. The company, part of Switzerland-based Connect44 Group, aims to have 500 MWp of installed capacity by the end of 2027.
In November 2023, nextE signed a PPA with Romanian cooling and heating system manufacturer RAAL for a 7.4-MW solar park in Bistrita-Nasaud County.
