Foreign renewable energy investors are actively expanding their operations in Romania, despite facing challenges such as negative power prices. The acceleration of battery energy storage systems (BESS) is attracting significant interest from global companies. Notable players like EDP Renewables (EDPR) and Engie are launching new solar facilities, bolstered by European Union funding and government support.
EDP Renewables recently inaugurated its 60 MW Albina photovoltaic plant near Timisoara, which is expected to generate 67 GWh annually. This addition increases EDPR’s renewable energy capacity in Romania to over 570 MW, demonstrating their commitment to the market.
Engie Romania has also marked its presence by commissioning its sixth solar park in Ariceștii Rahtivani, with a peak capacity of 37.2 MW. This brings Engie’s total renewable capacity in the country to 248 MW, including three wind farms totaling 178 MW. Engie aims to reach 1 GW of renewable capacity in Romania by 2030, emphasizing the country’s strong potential for renewable energy development.
Rezolv Energy is making strides with its Vifor wind farm in Buzău county, which is nearly halfway to completion. The first phase will have a capacity of 192 MW, with plans to expand to 461 MW, potentially making it one of the largest wind farms in Europe. The project received a fixed electricity price contract for 15 years through Romania’s renewable energy auction.
In Galați, OX2 is constructing the Green Breeze wind farm, which will feature 16 Vestas V162-6.2 MW turbines, totaling 99.2 MW. This facility is scheduled to begin operations in the first half of next year, with an estimated annual production of 312 GWh. OX2 is also involved in additional wind projects totaling 620 MW, showcasing their growth strategy in Romania.
Enery, an Austrian company, is developing a 54.2 MW solar park in Dâmbovița county, part of a joint venture with Element Power Group. This project includes a battery-backed component, leveraging EUR 27.5 million in total investment, including EUR 2.4 million from the EU’s Modernisation Fund.
Spanish company Ecoener is planning an 11 MW agrivoltaic project in Iași county, integrating solar panels with agricultural activities. This initiative highlights the diverse approaches to renewable energy in the region.
Greek Public Power Corp (PPC) is also enhancing its renewable portfolio in Romania. The company operates the Lumina solar facility and is developing multiple BESS projects across its wind and solar assets, aiming to improve energy storage capabilities. PPC’s total capacity in Romania stands at 1.3 GW, encompassing wind, solar, and hydropower.
Despite economic challenges, including fluctuating energy prices, the Romanian renewable energy sector is attracting foreign investment. Companies are taking advantage of supportive government policies and EU funding, positioning Romania as a key player in the renewable energy landscape in Eastern Europe.
