The company’s objective in 2023 is to reach a portfolio of solar and wind park projects with a capacity of 1.5 GW.
Works on the planned solar project in Slobozia are due to start in the first half of 2023. The capacity of the project might be extended to 130 MWp.
Nofar Energy already has in its portfolio projects in Romania with a total capacity of over 600 MWp, which it will implement in the second half of 2023 and will deliver energy into the national system starting 2024-2025, the company said in a press release.
“The necessary financing is available, and our shareholders are very open to investments in Romania”, said Nofar Energy Romania CEO, Favi Stelian. , said.
Separately, the company has funds ready for further acquisition and construction of new projects as well as land purchases.
Nofar also said it has acquired a 73MWp solar project in Romania’s southern county of Giurgiu. Located in Slobozia commune, the project will be ready to build in the first half of 2023 and its capacity might be extended to 130MWp.
Nofar entered the Romanian market in 2021 and soon afterwards it bought, together with its partner Ecoenergy, a 155 MWp photovoltaic project in Ratesti (Arges County), for EUR98 million. In July 2022, Nofar unveiled a 255 MW solar project built on 290 hectares of land in southern Romania.
Founded in 2011, Nofar Energy is listed on the Tel Aviv Stock Exchange. It is specialised in the development, operation and maintenance of photovoltaic plants and wind farms. The company’s activities include ground-mounted solar projects, floating solar projects on water reservoirs, rooftop solar projects, and electricity storage projects, according to data on its website.