Chat with us, powered by LiveChat Econergy and Nofar Energy's 155MW Romanian PV begins commercial operations - Infra-Be

Submit your CV

    Attach a CV (Accepted file types: pdf, doc, docx, rtf.)

    Econergy and Nofar Energy’s 155MW Romanian PV begins commercial operations

    Commercial operations have commenced at the Ratesti Solar Project in Romania, boasting a capacity of 155MW.

     

    This photovoltaic facility, owned by Israeli firms Econergy and Nofar Energy, stands as the largest of its kind not only in Romania but also in south-east Europe, with a substantial investment of €102 million.

     

    In the coming weeks, the solar array is poised to start delivering full-scale electricity to the grid. Anticipated to provide green power to approximately 100,000 households, the project is expected to make a significant impact by reducing CO2 emissions by an estimated 168,000 tons annually.

     

    Notably, the Ratesti Solar Project marks the inaugural connection in Romania from a broader portfolio of projects at various stages of development and construction, totaling around 2.2GW.

     

    Looking ahead, the project aims to expand its reach by connecting several additional sites in Romania, already in the construction phase, during the first half of 2024. These new sites are projected to have a combined capacity of 234MW.

     

    Eyal Podhorzer, Econergy co-founder and chief executive, said “I am thrilled about the commercial operation of Ratesti, our flagship project in Europe as a publicly-traded company and a leading Independent Power Producer in Europe.”

     

    “Ratesti is currently the largest solar project in Romania, and its connection represents a significant milestone beyond the accumulation and net asset value forecast for shareholders.”

     

    “In 2024, alongside additional projects in Romania, we expect to connect further projects across Europe, including 648MW of PV and wind projects and an additional 102MW-hours of energy storage, projected to generate annual revenues exceeding €160m.”

     

    The company has a strong capital structure ensuring the implementation of planned projects over the next five years.”

    Who are InfraBe?

    We are a leading global infrastructure and renewables search & recruitment business. Don’t forget to follow us on LinkedIn to keep up to date on our opportunities and current news. Please get in contact to discuss your hiring needs, salary bench-marking or market information: info@infra-be.com.

    Join us on our podcast and subscribe to our newsletter to embark on an enlightening journey through the exciting landscapes of infrastructure and renewable energy. Stay connected, stay informed, and be part of the InfraBe community.

     

    🎙️ InfraBe Podcast: Exploring the World of Infrastructure and Renewables

    Tune in to our engaging podcast series where we dive deep into the dynamic realm of infrastructure and renewable energy. Join us as we discuss industry trends, innovative technologies, sustainable practices, and insightful interviews with experts and thought leaders. Stay informed and inspired on the go, gaining valuable insights to shape your perspective on the ever-evolving landscape of global infrastructure and renewables.

     

    🔗 Listen to our latest episodes: Youtube, Spotify, Amazon Music or Apple Podcasts

     

    📬 InfraBe Newsletter: Your Gateway to Industry Insights

    Stay ahead of the curve with our curated newsletter, delivering a regular dose of industry updates, exclusive content, and noteworthy developments. From project highlights and market analyses to career tips and emerging trends, our newsletter is your comprehensive source for staying informed in the world of infrastructure and renewable energy. Sign up using the form at the top right of this page.

    Back to News & Views Start Hiring Now