This is the second transaction between the two companies, after that in 2021, which targeted another solar park, located in Ratesti (Arges County).
The project in Corbii Mari covers 290 hectares and has an installed capacity of 255 de MW.
The Corbii Mari project was approved in 2023, and starting with 2024, it will inject 362 GWh of renewable energy into the power grid annually. This project will be able to provide energy for approximately 160,000 households and reduce the carbon footprint by over 200,000 tons.
Overall, the projects developed by Portland Trust until 2023 will produce 444,000 MWh per year of renewable energy, which is enough to cover the energy needs of more than 265,000 households.
Nofar Energy, a publicly traded company founded in 2011, launched its IPO on the Tel Aviv Stock Exchange in 2020, positioning it as the third-largest renewable energy company in Israel by market value. The company specializes in the development and operation of photovoltaic and wind energy production and storage facilities, with activities in Spain, Italy, Israel, Poland, the United Kingdom, and the United States.
Portland Trust is a developer active in Romania and the Czech Republic for almost 25 years. The company focuses on developing commercial buildings and it has finalized over 850,000 square meters of new spaces, mostly in the office sector, the light industry, the retail sector, and most recently, in the field of renewable energy.