RCS&RDS now has seven photovoltaic parks with a capacity of 23.4 MW, which required more than EUR36 million investments, according to available information.
The company bought Novitas Electro from two individual owners, Carmen Popa and Valentin Micoriciu in Bihor in June, according to the Official Journal.
Novitas has a contract to connect its 4 MW solar farm to the national power grid, according to the website of the grid operator Transelectrica.
The investment required to install a 1 MW capacity in a solar park starts from EUR1.3 million and may reach EUR1.8 million, according to companies in the industry and energy market regulator ANRE. Considering an average investment of EUR1.55 million per megawatt, RCS&RDS should invest EUR6.2 million to make the photovoltaic park operational.
RCS&RDS started buying solar parks under development at the end of last year. It first took over Energiafoto and Energyall Distribution, which were developing 13.7 MW projects in Braila (SE Romania). It then bought Delalina, Firatelectric and now Novitas, which were developing a 2.74 MW farm in Bihor, a 3 MW facility in Braila and a 4 MW facility in Bihor.
Unlike the wind power sector, where most of the investors are major energy groups, solar power investors also include Romanian entrepreneurs like Zoltan Teszari, Ion Tiriac and Bogdan Enoiu.
(English version by Loredana Fratila-Cristescu)