TotalEnergies buys five solar projects in Romania

French energy company TotalEnergies Renewables SAS is acquiring five solar projects in Romania from developer PNE. The projects, with a total combined capacity of 208 megawattpeaks (MWp), are currently under development and will be further developed by Germany’s PNE until they reach a “ready-to-build” stage.

The purchase price for the transaction has not been disclosed by the parties involved.

TotalEnergies aims to strengthen its presence in Eastern Europe through solar projects, following its acquisition of 200 MW of solar projects in Poland in March.

PNE has been active in Romania for over a decade and has successfully developed and sold wind and solar PV projects totaling 510 MW/MWp. Currently, there are 1 GW of projects under development.

The acquisition of these five solar projects in Romania demonstrates TotalEnergies’ commitment to expanding its renewable energy activities in the country and Eastern Europe as a whole, in line with the Green Deal initiative,” commented Marin de Montbel, Vice President at TotalEnergies.

Daniela Dinescu, Managing Director of PNE Romania, stated that the deal will bring significant benefits to both parties and strengthen their position in the renewable energy market in Romania.

As of the end of 2022, TotalEnergies’ gross renewable energy generation capacity reached nearly 17 GW. The company aims to continue expanding its renewable energy portfolio, targeting a gross generation and storage capacity of 35 GW from renewable sources and ultimately reaching 100 GW by 2030. Their goal is to become one of the top 5 global producers of wind power and solar energy.

TotalEnergies currently operates in the Romanian market through four companies – Hutchinson, TotalEnergies Marketing Romania, AS24 Romania, and TotalEnergies Global Services Bucharest – and has offices in Bucharest and Brasov County, employing over 1,400 people.

Partnership with Dacia Last year, it was reported that the Romanian division of TotalEnergies was preparing two photovoltaic park projects to supply electricity to the Romanian car manufacturer Automobile Dacia, a part of the Renault group. The parks, developed by TotalEnergies Marketing Romania, will be located at Dacia’s factory in Mioveni and at the Titu Technical Center. The planned installed capacity for the industrial platform in Mioveni is 30.35 MW, with panels placed on the ground and rooftops of buildings. The park in Titu will have a capacity of 3.85 MW.

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