Giant 700 MW Solar Photovoltaic (PV) Power Project is Under Permitting Procedure in Arad County in Western Romania

 

/26th February 2021, by Renewable Market Watch™/

 

A group of international investors is planning to build a 700 MW solar plant in Arad, in western Romania. The project is close to the west border of the country, reveals the Renewable Market Watch™ based on information from Agerpres news. The identity of the investors is not yet known. The solar photovoltaic power plant will be built in the municipalities of Grăniceri and Pilu. It would be, by far, the largest solar power facility in the country.

The project sponsor is S.C. West Power Investment Srl, a legal entity incorporated in 2020 in Romania. It is expected that the solar photovoltaic power plant to span over more than 1,000 hectares. According to the investor's representatives, the announced investment of up to EUR 700 million would have a significant impact on the Romanian national energy system.

Romania is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders the Black Sea to the southeast, Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, and Moldova to the east. It has a predominantly temperate-continental climate. With a total area of 238,397 square kilometres (92,046 sq mi), Romania is the 12th largest country and also the 7th most populous member state of the European Union, having almost 20 million inhabitants, reported the Renewable Market Watch™

After stalling for a long while, there is an activity registered by Renewable Market Watch™ on the Romanian solar PV market despite the recently started COVID-19 pandemic.

The Romanian solar energy market is expected to be heading toward the expansion phase by 2030. Factors propelling the market growth include concerns regarding the environmental impacts of fossil fuels such as degradation, greenhouse gas emissions (GHG), severe climate change conditions, and others. Also, rapid urbanization and economic growth in the largest Romanian cities are significant factors driving the solar energy market. The power market (including the solar photovoltaic sector) in Romania shall be impacted by the COVID-19 post-financial crisis, but we remain optimistic about the future development of solar energy in the country by 2030.

The more information about the solar PV power market in Romania, including full contact details of solar and wind power project owners and developers you may read here: Romania Solar Photovoltaic (PV) Power Market Outlook 2020÷2030 

Тo download the executive summary brochure with sample pages, please access from here: Romania Solar Photovoltaic (PV) Power Market Outlook 2020÷2030 - Sample

For a better understanding of benefits from using our reports, you may read here: Benefit List - Reports of Renewable Market Watch 

About Renewable Market Watch™

Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former Soviet Union), LATAM countries and MENA countries. For more information about Renewable Market Watch™ please visit:
http://renewablemarketwatch.com/about-us

 

 

 

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