“Romania is one of the best places to invest in green energy at the moment, as it has a lot of land available for development of solar projects. We have 1,500 MW of solar parks in development, which include storage projects, as well,” says Richard König, CEO of Energy Power.
The portfolio acquired from Canada’s Jade Power Trust includes two wind farms, two photovoltaic parks and two hydropower plants.
Energy Power has been operating in Romania since 2019 and one of the projects it bought is Dorobantu wind farm, formerly owned by OMV Petrom, to which it will sell the power the farm generates.
Energy’s 1,500 MW are in various stages of development and the entire portfolio will be implemented until 2027.
The company is a long-term investor and is aware there will always be challenges, Richard König said.
(English version by Loredana Fratila-Cristescu)