The project will be developed by Copper Beech Urban Development, a subsidiary of the Copper Beech Group, boasting an investment portfolio in sustainable projects in Europe and India.
The total investment is partly financed (RON74 million) through the National Recovery and Resilience Plan (PNRR).
The photovoltaic park in Bucsani (Giurgiu County) will cover an area of 130 hectares and is designed to have an estimated installed capacity of 130 MW. It is expected to have an estimated annual output of around 174 million kilowatt-hours (kWh), which will be enough to power a large number of households and reduce carbon emissions by 50,700 tones per year, the company said.
“The solar park represents the first phase of a larger project with a cumulative capacity of 270 MWe and additionally RON820 million of investment. We want to bring major changes to the energy landscape in Romania and aim to reach a total capacity of almost 1 GWe by 2026. This initiative reiterates our long-term commitment to promoting the development of renewable energy in the region,” said British businessman Dinesh Dhamija.
Copper Beech Urban Development is specialized in the production of electricity and is a subsidiary of Copper Beech Group.
Dinesh Dhamija is a politician and philanthropist best known as the founder of the online agency eBookers. He was elected to the European Parliament in the 2019 elections for the London region and served in this position until the UK’s withdrawal from the European Union.
Dhamija also published an autobiography, sharing his perspectives on philanthropy, investment and entrepreneurship. The book tells the story of his journey to achieving a GBP100 million fortune and becoming one of the UK’s richest Asian residents, including chapters on his time at Cambridge, philanthropy and his passion for golf, as well as investment and entrepreneurship strategies.