The Greek industrial group Mytilineos SA, through its Renewable Energy and Storage Development (RSD) business unit, has signed an agreement with Enel Green Power Romania SRL, a subsidiary of the Enel Group, to sell approximately 90MW of solar energy portfolio, including two solar power plants, in Romania. It is planned to realize commercial operation at the end of 2022/early 2023.
photovoltaic project were developed in cooperation with Renergy Power Plant, a mature engineering and renewable energy development company with an important track record in Europe, Asia and South America. The business unit of the Regional Department will be responsible for the further development and construction of related projects.
These solar power plants are located in southern Romania, close to Bucharest. Specifically, the main project is Calugareni, a 63 MW buildable (RTB) solar power plant, scheduled to start construction at the end of 2021. The remaining 26 MW is currently under development.
Nikos Papapetrou, general manager of the Mytilinos RSD business unit, said: “We are excited about this Romanian transaction because it is an important milestone in our European development strategy. We are one of the first companies in Romania to invest in solar energy, and Romania is in renewable energy. There is great potential in development and we are proud to contribute to the country’s energy transition. We are also pleased to sign this strategic agreement with Enel Green Power Romania and envision further strengthening the cooperation between the two companies.”
At the same time, Mytilineos, through its RSD business unit, is implementing a project development and investment platform for solar photovoltaic and storage projects. It currently supplies approximately 118 MW and 3.5 MW of solar photovoltaic power in Australia and Cyprus, respectively, from the second half of 2021. Start to contribute to the company’s financial performance. These projects are part of 4 GW solar photovoltaic and energy storage projects at different stages of development in Iberia, Italy, the United Kingdom, Cyprus, Romania, and Chile. The company will evaluate plans to monetize or integrate its business.
Post time: Sep-24-2021