As the largest owner, operator, and developer of shopping centers in Central and Eastern Europe, NEPI Rockcastle is committed to sustainable energy solutions. To date, the company has installed photovoltaic panels across its malls in Romania, with a total capacity of 37 MW, covering 20-25% of their energy consumption. According to Andrei Horhoianu, Group Head of Energy at NEPI Rockcastle, this phase involved an investment of €34 million. By 2026, the company aims to increase its operational capacity in Romania to 159 MW.
In a recent development, Monsson transferred a fully authorized 50 MW photovoltaic park in Chișineu-Criș, Arad County, to NEPI Rockcastle. Construction of this project is scheduled to begin in January 2025.
NEPI Rockcastle is also investing €100 million in stand-alone photovoltaic plants to address energy shortfalls. While energy storage is under consideration, it is not yet a necessity, according to Horhoianu.
The company has strengthened its green financing this year by issuing €500 million in green bonds and securing a €500 million green loan from the International Finance Corporation (IFC).
NEPI Rockcastle's portfolio, valued at €7.8 billion, spans eight countries in Central and Eastern Europe and includes 57 commercial properties. As a market leader in Romania and Poland, its largest markets, the company also operates shopping centers in Bulgaria, Hungary, Slovakia, Croatia, the Czech Republic, and Lithuania.
