Conergy will supply around 9,400 PowerPlus modules for the project, which will stretch onto 13,700 square meters in Bobicesti village, the company said in a statement.
The photovoltaic park will have an annual output of 2,840 MWh, enough to provide electricity to 870 households.
According to data on the energy market, one installed MW of solar panels is worth around EUR1.5 million. The investment would therefore exceed EUR3 million.
The Romanian Government aims to ensure around 20% of the country’s energy from renewable energy sources until 2020, both from wind and solar energy, according to Alexander Gorski, member in Conergy’s Board of Directors.
According to the forecasts of Romania’s energy regulatory authority ANRE, the installed power of solar panels set at 100 MW in 2012, and is seen at 500MW-1.000 MW in 2013, and at 1.500 MW in 2016.
Conergy operates in over 40 countries and aims to further develop on the local market through its Italian unit.
Solanna Investment is registered in Romania and it is owned by four natural persons, namely Spanish Angel Borras Torra, with a 25% stake, Italian Luigi Pala Giovanni, with 25%, and Vittorio Marras Mario, with 25%, as well as Romanian Georgiana Almajanu Claudia, with 25%.