Renewables

AOT Energy eyes solar-hydrogen project in Romania

AOT Energy eyes solar-hydrogen project in Romania

Photo: Andreas Troll from Pixabay

Published

May 12, 2021

Country

Comments

0

Share

Published:

May 12, 2021

Country:

Comments:

0

Share

Swiss commodities and energy trader AOT Energy plans to install a 45 MW solar power plant and 3 MW hydrogen facility in Arad.

The hybrid energy system project will be implemented by domestic companies C-Gaz & Energy Distribuţie and Gas & Power Trading while AOT Energy will secure funds, according to Profit.ro.

The developers said they intend to start production of electricity in the solar photovoltaic facility in July 2022 .

The project will be developed on 69 hectares that belonged to CET Arad, the producer of electricity and heat controlled by the municipality.

The land was taken over by gas supplier C-Gaz & Energy Distribuţie on account of a debt of CET Arad for gas. Gas & Power Trading was also involved in the transaction. C-Gaz & Energy Distribuţie and Gas & Power Trading are owned by businessman Peter Braun.

The two companies signed a joint venture agreement for the Arad project, according to which C-Gaz provides the land and staff for the investment, while Gas & Power Trading would produce a feasibility study.

AOT Swiss group will fund the project, C-Gaz said.

A few months ago, chemicals producer Chimcomplex said it plans to build a hydrogen production plant at the location of the Oltchim plant in Vâlcea.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

romania popescu minister power storage battery

Romania to grant EUR 103.5 million for battery storage projects

29 November 2022 - The Government of Romania has launched a public call for EUR 103.5 million in grants for investments in electricity storage capacities

EU heavily dependent on solar panels, wind turbines imports Eurostat

EU green technology imports twice as high as exports – Eurostat

29 November 2022 - Buyers in the European Union spent EUR 15.2 billion last year on solar panels, wind turbines, and liquid biofuels from abroad

Coal regions Western Balkans Ukraine funds just transition

Coal regions in Western Balkans and Ukraine lack dedicated funds for just transition

29 November 2022 - The Initiative for Coal Regions in Transition in the Western Balkans and Ukraine held an annual meeting in Brussels

Turkey world fifth highest arch dam hydropower plant

Turkey completes world’s fifth-highest arch dam with hydropower plant

28 November 2022 - The Çoruh river is now filling the reservoir at the 558 MW Yusufeli hydropower plant and arch dam, the world's fifth-highest of its kind