Armand Group, a Romanian renewable energy operator, said it signed an agreement with Green Tech Ltd., a specialized British company, for the finance and development of solar photovoltaic projects below 500 kW capacity that will benefit from the new solar feed-in tariff expected to be applied this year in the country. With British finance and Romanian engineering, the two companies plan to develop 20 MW of new solar projects in Romania until the end of next year.
Armand announced that in Tustea, Hunedoara county, a photovoltaic park with 500 kW capacity begins supplying power to the national grid. Work for constructing the solar park began in April. The company was the general planner, it handled construction and will handle operation and maintenance once the photovoltaic plant starts functioning. Armand Group offers solutions in the area of renewable energy, specialized consulting, design, installation and professional equipment, the press release said.
The group was founded in Timişoara in 2009 and is controlled by local investor Armand Domuta, according to Energy World magazine’s portal. The partnership with Green Tech Ltd. is worth EUR 20 million, the report said.
