Econergy Secures funding PV project in Romania

Green Forum
Econergy Renewable Energy, a leading renewable energy developer and Independent Power Producer (IPP), is proud to announce its success in the recent Romanian Contracts for Difference (CfD) auction with the Parau 2 solar project. 

The Parau 2 plant has a total capacity of 310 MW (DC), with a maximum awarded CfD capacity of 125 MW AC (150 MW DC). Econergy secured a price of €49.4/MWh under a 15-year contract which is fully index-linked to ensure the long-term stability and viability of the project. The cumulative expected revenues from the project during the CFD period are estimated at approximately €447 million.

The Parau 2 Project is located in the Brașov region of Romania and is currently in the “licensing” phase. Construction is expected to begin in 2025 and connection in 2027. The achievement underscores Econergy's leading role and commitment to advancing renewable energy solutions in Romania's transition toward its net-zero goals. With construction already progressing, Parau 2 is set to play a key role in strengthening the country's solar capacity and reducing carbon emissions.

This milestone reflects Econergy's strong pipeline, technical expertise, and dedication to accelerating the clean energy transition across Europe, and particularly in Romania.  In the upcoming CfD auction in 2025, in which 3,500 MW are expected to be allocated, Econergy plans to submit additional projects. The success of Parau 2 reaffirms Econergy's position as a leader in the realisation of large-scale renewable projects that are in line with European energy targets and are addressing both environmental and economic priorities. 

RECOMMENDED
Renalfa acquires PV project in Romania
Business

Renalfa acquires PV project in Romania

Renalfa IPP, an independent energy developer and producer based in Vienna, has acquired a 258 MWac photovoltaic (PV) project located in Teleorman, Romania.

RECOMMENDED FROM THE HOME PAGE
Energy

EDP inaugurates Albina solar plant in Romania

EDP, through EDP Renewables, a global leader in the development of renewable energy, has inaugurated the Albina photovoltaic power plant – an important step for the company.

Environment

Auchan Romania introduces mixed packaging return system

Auchan Romania is expanding its options for collecting beverage containers made of PET, aluminum, and glass marked with the DRS (Deposit Return System) symbol by introducing an innovative system uniquely capable of accepting all three types of packaging in bulk, without requiring prior separation by the consumer.

Environment

EU launches €1 billion ocean pact

The European Commission has adopted a new European Ocean Pact, a bold initiative aimed at protecting marine ecosystems while fostering a sustainable blue economy and supporting the well-being of coastal communities.

READ MORE
Green Forum  |  13 June, 2025 at 4:15 PM