News

Partners sought for solar panel plant investment

Published

June 1, 2015

Comments

comments icon

0

Share

Published:

June 1, 2015

Comments:

comments icon

0

Share

Altius Fotovoltaic, solar panel manufacturer, expects a RON 16 million (EUR 3.6 million) revenue for this year, half of which generated by exports, and is in talks with partners to open a production facility in Africa or the Middle East, Ziarul Financiar reported. The company is part of Bomax group, which invests in real estate development and energy.

Ion Murgescu, Altius Fotovoltaic’s chief executive, said it would be a sin not to expand the business and that the company is in talks to build factories in Africa. The enterprise generally looks at countries where the government encourages investment and energy prices are good, he said.

Altius opened a solar panel factory in Giurgiu Free Zone in 2013. It invested EUR 8 million in the facility, only unit of its kind in Romania. Although there were attempts by companies Renovatio and Siliken to enter this market, their projects did not survive.

 

Related Articles

Delyan Iliev, Managing Director of REIB

Energy storage in focus: How custom insurance solutions are fueling Southeast Europe’s green transition

27 June 2025 - Delyan Iliev, Managing Director of Renewable Energy Insurance Broker (REIB), talks about the critical role of custom-made insurance solutions in the success of BESS projects.

gvozd wind farm epcg loan ebrd

Montenegrin power utility to borrow EUR 25.6 million for phase 2 of Gvozd wind farm

27 June 2025 - EPCG plans to take out a EUR 25.6 million loan from the EBRD for the Gvozd 2 wind farm project, with an installed capacity of 21 MW.

Fortis Energy Albania 62 MW solar power

Fortis Energy gets green light in Albania for 62 MW solar power project

27 June 2025 - Fortis Energy received approval from the Albanian government for the construction of a 62 MW solar power plant in the country's southeast

bisol solar modules factory slovenia

Solar module maker Bisol to triple production capacity with new Slovenian plant

27 June 2025 - Slovenian manufacturer of solar modules Bisol Group plans to build a new factory in an investment estimated at EUR 32.3 million