The solar park will be Romania’s largest photovoltaic project regarding installed capacity.
The first phase of the project, with an installed capacity of 55 megawatts, is currently undergoing tests, and the second phase, with a capacity of 27 MW is under construction, Green Vision Seven representative Jurgen Andreas Faff told Mediafax Thursday.
According to Faff, the park will become operational this year. Construction works started in April.
The investment exceeds EUR100 million, of which EUR83 million are secured by Hareon, which borrowed the money from China Development Bank.
According to Faff, the 82-MW project is part of a larger photovoltaic project, of 168 megawatts (an investment expected to exceed EUR200 million). A decision on pushing ahead with the investment will be taken next year.
Faff holds a 4.5% stake in Green Vision Seven.
According to available data, Romania’s largest solar park belongs to a firm controlled by South Korean group Samsung, and has an installed capacity of 45 megawatts.
Total solar project in Romania exceed an installed capacity of 410 megawatts.