The Solaris project has a 56MW photovoltaic installation was built by Spain’s Bester Generation, an energy firm, Italy’s Energiaprima, a renewable developer, and Stargreen Consulting. They were assisted by law firm Ciurtin & Associates.
Bester Generacion later continued local investments into two additional solar installations, with the Aricestii and Caracal solar projects that have installed capacities of 27MW and 7MW, respectively.
Antonello Amoroso, business development manager of Energiaprima, said the company has invested around EUR 170 million in all the three farms, out of which EUR 105 million went into the Solaris project.
“We will continue to invest, now we intend to build another 200MW in four or five projects in Romania,” said Amoroso.
The Solaris investment was made in partnership with Korea’s Hyosung Corporation, the industrial group, and NH Investment & Securities (NHIS), the financial services provider.
Chun Sang Yil, CEO of NHIS, said the project was finished in time to benefit from six green certificates.
“There were obstacles, rumors in the press about reducing the support-schemes, but we managed to get over all of the obstacles,” says Cho Ki Moon , executive director, Hyosung.
According to Miguel Jimenez Romero, director, engineering and construction, Bester Generacion, the company has installed only 26MW of solar panels in 2012, and finalized the rest up to 90MW in 2013.
The director added the Solaris farm will produce 67,000MWh annually, while the project in Aricestii Rahtivani will have an output of 32,200MWh. The Caracal project is set to generate 8,123MWh.
Romania reached over 1,000 MW of incentivized solar installations by December 2013, according to grid operator Transelectrica. Solar installations currently receive four green certificates, while two have been deferred through to 2017. Energy regulator ANRE outlined plans to cut in half the support for new solar projects, deemed over-compensated. (source: business-review.eu)