DRI has already launched production at its Vacaresti solar power plant, which is located in Dambovita County, just northwest of the capital Bucharest.
Construction was completed in less than a year. Vacaresti will supply half of its output to oil and gas producer OMV Petrom from January 2027, under Romania’s largest-ever physical solar power purchase agreement (PPA). It was signed in December 2024, half a year after DRI took over the project. DTEK earlier said it would sell the rest of the electricity into the market through its subsidiary D.Trading.
DRI expects the Vacaresti solar park to generate enough clean electricity for the needs of 50,000 Romanian households. It is the equivalent of preventing an estimated 48,600 tons of carbon emissions each year, it added.
With its latest milestone, DRI’s operational portfolio in Romania climbed to just under 300 MW. The firm, founded in 2021 and based in Amsterdam, develops and operates renewable energy projects in the European Union. It is a subsidiary of DTEK, which entered Romania just three years ago.
In Romania, DRI also operates solar parks Glodeni 1 and 2, of 113 MW in combined peak capacity, and the 60 MW Ruginoasa wind farm.
“Reaching this level of capacity in such a short time shows our operational agility and commitment to high-quality delivery. By working closely with the national grid operators, local authorities, and reliable contractors, we were able to seamlessly complete the project and to the highest standards. This is a model we replicate across all our markets. In Romania, our priority now is to maximize the value of our operating assets and we will be exploring opportunities to enhance sustainable returns in the coming months ahead. We are ready to adapt as the market continues to evolve,” stated the company’s Chief Executive Officer, Murat Cinar.
Earlier 2025, UniCredit and Garanti BBVA approved a non-recourse financing package of up to EUR60 million for the construction and operation of the Văcărești solar park.
DRI’s portfolio of solar, onshore wind and battery storage projects in operation, construction and under development amounts to 1.4 GW. It is also active in Italy, Croatia and Poland.