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Electrocentrale Borzești put into operation the first megawatt of photovoltaic, 15 years after the closure of electricity production

Borzești, 27 February 2024 – Electrocentrale Borzești recently marked a historic moment with the commissioning of its first megawatt of photovoltaic power, 15 years after shutting down its electricity production. This achievement was made possible solely due to a significant investment of approximately €30 million. “The last day of electricity production using fuel oil as raw material took place at Electrocentrale Borzești on 11.12.2009, so after 15 years, the object of activity remains the same, but the source is now a renewable one, representing an important step in the transition to clean energy for the future,” said Doru Voicu, Strategy Director at Renovatio. “Electrocentrale Borzești will become the most important hub for renewable energy in Romania, with active exploitation of alternative resources with potential in the area,” Doru Voicu added. Renovatio, one of Romania’s leading solar energy and green technology players, plans to complete the photovoltaic project at Electrocentrale Borzești at the end of April 2024, with an installed capacity of 50 MW. The project foresees the installation of around 75,000 photovoltaic panels, with a production of 70,000 MWh/year, which could supply 350,000 household consumers (with a monthly consumption of 200kWh) for one year. At Borzești, another 50 MW of wind power will be installed in stages by the end of 2028 and, up to 1,000 MW of wind power capacity will be developed in Galati County. The funds of around €30 million needed to build the Borzești photovoltaic park came from Renovatio’s sources and bank loans. OMV Petrom SA, the largest integrated energy company in Southeast Europe, recently signed the acquisition of a 50% stake in Electrocentrale Borzești from RNV Infrastructure. The transaction is currently under review by the Competition Council.

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