CWP Europe boosts portfolio with 134 MW solar project in Romania

International renewable energy company CWP Europe has acquired the Studina solar power project in Romania, boosting its portfolio of solar, wind, and battery projects in Southeast Europe by a further 134 MW. Construction is set to start this year, with the future solar power plant expected to go online by the end of 2024.

The Studina solar power plant will generate enough green electricity to supply some 115,000 households, helping reduce greenhouse gas emissions by more than 95,000 tons a year, CWP Europe said in a press release.

CWP Europe’s solar power plant will supply 115,000 homes and help Romania meet targets from NECP

The project will also increase clean and reliable electricity generation in Romania and help the country meet targets in its National Energy and Climate Plan (NECP), according to the press release.

George Agafitei: Romania aims to reduce emissions 55% by 2030

Romania aims to cut greenhouse gas emissions by 55% and reduce its dependence on energy imports from 20.85% to 17.8% by 2030, according to George Agafitei, state counsellor in the Romanian government. The country also intends to remove 4.59 GW coal-based energy by 2032, said Agafitei, who will be one of the speakers at Belgrade Energy Forum 2023 on May 8-9.

CWP has developed Europe’s largest onshore wind farm, also in Romania

With over 6 GW of utility-scale wind, solar, and battery storage projects under development, CWP is the leading international renewable energy developer in the region, the company said.

Founded in 2006, CWP has developed Europe’s biggest onshore wind farm, the 600 MW Fantanele Cogealac in Romania. The wind farm, with 240 turbines, was built in an investment of EUR 1.1 billion. The company has also developed the largest wind farm in Serbia.

The company has renewables projects under development across Southeast Europe

Apart from Romania, the company has development activities in Serbia, Bulgaria, Albania, Moldova, Montenegro, Ukraine, and Bosnia and Herzegovina, according to the press release.