“A lot of talk on the real estate market but little done in terms of green developments, sustainably designed, made us take action,” said Robert Neale, founder and managing director of Portland Trust.
Portland Trust Renewables 1 SRL is the project company that got a technical connection permit for a 131.25 MW solar park in Arges County, Portland Trust’s first park.
Judging from the costs to install a solar park, the investment could eventually reach some EUR120 million, according to ZF estimates.
The project in Pitesti, Arges, will be one of the largest solar parks in Romania when it starts operations in 2022, the official said.
Portland Trust seeks to develop some 0.5 GW (500 MW) in large parks but has an investment appetite for more than that, Neal added.
(English version by Loredana Fratila-Cristescu)