Renewables

Monsson operates in 20 countries on four continents

Published

June 17, 2015

Country

Comments

0

Share

Published:

June 17, 2015

Country:

Comments:

0

Share

Projects of over 2.4 GW, out of which over 1 GW have been already built and operational, have been developed under Monsson Group in Romania. The company said it expanded its operations in 20 markets in the past two years and reached 500 employees on four continents.

In a press release, the company added it invested over EUR 200 million in the country in construction and operation of photovoltaic and wind parks. According to Sebastian Enache, business development manager in Romania for Monsson Group, the expansion decision came after renewables industry in the country ground to a halt. „The lack of new projects made us review and reconsider our investment plans rather promptly… The investment in the international expansion has cost us quite a lot so far, but we are prepared to continue this process, considering the expansion of our services as well as the expansion of the external markets,“ he added, Romanian news agency Act Media reported.

Monsson operates in Europe, Middle East, New Zealand and Asia, switching from developer status to integrator of complex energy solutions, comprising also large projects of desalting using renewable resources, as reported by The Diplomat’s portal.

Established in 1997, Monsson Group has focused on renewable energy since 2004 and became a major wind farm developer, according to information on its website. It also works in sectors of hydropower, waste to energy incinerators, cogeneration plants, and generation from residual natural gases.

The most famous project developed by Monsson Group and built by ČEZ is the Fântânele-Cogealac 600 MW park, at that time the second largest onshore wind farm project in the world, Act Media said.

 

Tags:

Related Articles

Global utilities scale renewables capacity 2 5 times 2030

Global utilities vow to scale renewables capacity by 2.5 times by 2030

22 April 2024 - Utilities in UNEZA are accelerating grid investment. Member utilities vowed to lift their renewables capacity by 2.5 times to 749 GW by 2030.

Record low power prices and curtailments threaten renewable investments in Greece, Spain

Curtailments, record-low power prices threaten renewables investments in Greece, Spain

20 April 2024 - Renewable energy developers have underestimated the effects of curtailments and low wholesale prices

Power-utilities-Greece-Cyprus-home-PV-systems-in-installments

Power utilities in Greece, Cyprus allow home PV systems to be paid in installments

19 April 2024 - Greece and Cyprus have enabled the installation of home PV systems to be paid in installments and without upfront costs

Hidroelectrica Masdar joint venture 2 GW Romania

Hidroelectrica, Masdar to set up joint venture for 2 GW in Romania

19 April 2024 - Hidroelectrica and Masdar agreed to jointly invest in photovoltaics, floating solar power and batteries in Romania