Renewables

Portland Trust sells largest solar power project in Romania to Econergy, Nofar Energy

Portland Trust sells largest solar project in pipeline in Romania to Econergy, Nofar Energy

Photo: Andreas Troll from Pixabay

Published

August 10, 2021

Country

Comments

comments icon

0

Share

Published:

August 10, 2021

Country:

Comments:

comments icon

0

Share

Real estate investor Portland Trust has sold the largest solar project in Romania, with a planned capacity of 153 MW, to renewable energy companies Econergy and Nofar Energy.

Portland Trust’s photovoltaic plant will be installed on 165 hectares in Rătești, Argeș County, northwest of Romania. The completion of the transaction is expected by the end of October, local media reported.

Portland Trust Renewables 1, owned by Portland Trust, earlier obtained a grid connection permit. Romania’s transmission system operator Transelectrica estimated the solar power project would become operational in 2022.

Ratesti solar project has secured connection permit

In March, Portland Trust announced a plan to create a 500 MW portfolio of solar projects, and confirmed it has secured a permit from Transelectrica for a project in Rătești. The overall investment in the portfolio was estimated at EUR 450 million, of which EUR 120 million in the Rătești project.

State-owned power utility Hidroelectrica was also interested in buying the project

Timothy Duffill, the representative of Portland Trust, said the company is looking forward to working with Econergy and Nofar Energy to make the 153 MW solar project a remarkable contribution to renewable energy generation in Romania.

In April, state-owned power utility Hidroelectrica announced that it is interested in buying the Rătești solar project from Portland Trust in order to diversify its portfolio.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

IHA Turkey 2024 hydropower additions highest Europe again

IHA: Turkey’s 2024 hydropower additions highest in Europe again

03 July 2025 - The world's hydroelectric capacity increased 1.7% last year to 1.44 TW, the International Hydropower Association said in its annual report

boksic solar power plant battery

Project underway for 99 MW Bokšić solar plant with battery storage

03 July 2025 - The Bokšić solar power plant project includes a battery energy storage system, BESS, with a capacity of 70.8 MWh.

YEO Defic Globe projects 219 MW Romania rebranding

YEO’s Defic Globe buys projects for 219 MW in Romania amid rebranding

03 July 2025 - Defic Globe, controlled by YEO, acquired 15 project firms developing plans for power plants and battery storage in Romania

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas