News

Partnership set for developing solar power plants

Published

June 18, 2015

Comments

0

Share

Published:

June 18, 2015

Comments:

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

matija medojevic mepx CEO belen montenegro power exchange

Montenegrin Power Exchange – road to EU

25 September 2023 - MEPX is working to fulfill the conditions for obtaining the NEMO status, CEO Matija Medojević told Balkan Green Energy News in an interview

WISE Serbia Women leaders of energy transition myth reality

WISE Serbia: Women leaders of energy transition are no myth but reality

25 September 2023 - The conference Women of Serbia in Sustainable Energy – Leadership for the Energy Transition was organized by the WISE Serbia women's network

Central, Eastern Europe severely lagging in smart meters rollout

Central, Eastern Europe severely lagging in smart meters rollout

25 September 2023 - Smart meters are a vital part of the modern power grid, as they facilitate energy saving, demand response and numerous other applications

Eurelectric-Europe-attract-unprecedented-investments-grid-expansion

Eurelectric: Europe must attract unprecedented investments in grid expansion

22 September 2023 - After a period of historic hardship, the electricity sector in Europe showed several positive trends, according to Eurelectric.