Renewables

Partnership set for developing solar power plants

Published

June 18, 2015

Country

Comments

comments icon

0

Share

Published:

June 18, 2015

Country:

Comments:

comments icon

0

Share

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.

Related Articles

belgrade energy forum bef 2025 western balkans region cooperation

BEF 2025: Regional cooperation can facilitate energy transition, energy security

22 May 2025 - Belgrade Energy Forum featured representatives from the governments of Montenegro, Croatia, Hungary, the Republic of Srpska, and Serbia, and from UNECE

heating plant ljubljana energetika te tol

Slovenia keeps phasing out coal as key heating plant boosts natural gas share to 60%

22 May 2025 - TE-TOL, the main district heating provider in the Slovenian capital, Ljubljana, has taken over a newly built gas-steam unit

new york equinor empire wind

Equinor resumes New York offshore wind project of 810 MW after stop-work order lifted

21 May 2025 - The project's first phase, the 810 MW Empire Wind 1, is expected to generate electricity for some 500,000 homes in New York

Romania commission offshore wind study 3 GW 2035

Romania to commission offshore wind study, targeting 3 GW by 2035

21 May 2025 - Romania is receiving expressions of interest for a study identifying areas in the Black Sea for concessions for offshore wind farms