Business Forum • 7 August, 2024 at 4:14 PM
iO Partners has successfully provided development management services for a 126MW solar farm in the commune of Văcărești, Dâmbovița, an emblematic renewable energy development project in Romania. The high-capacity project has started being developed for the local investors in 2021 and was recently acquired by the renewable energy company DRI, making it their third project in Romania.
Following the acquisition, finalized in June this year, DRI will begin the construction of the solar park this autumn, with the project expected to become operational in the autumn of 2025. The solar farm will cover an area of 183 hectares and is estimated to produce 205.8 GWh of electricity, enough to power approximately 50,000 households*. This amount of green energy will help avoid generating 48,600 tons of carbon emissions annually.
"It was a challenging project, primarily due to legislative changes and obtaining permits, but we had the advantage of starting early, which allowed us to secure very good grid connection conditions. This made the project very attractive to investors," said Costin Bănică, Head of the Energy and Infrastructure Consultancy team at iO Partners. His team facilitated connections with contractors, organized the development stages of the farm, and was involved in the process of obtaining approvals and permits.
By now the real estate consultancy company iO Partners has been successfully involved in the development of over 450 MW of photovoltaic renewable energy projects, maintaining for potential investors a pool of projects under development exceeding 500 MW.
iO Partners (IOP) is a real estate services company headquartered in Vienna, providing a full suite of services in the Czech Republic, Hungary, Romania, Serbia and Slovakia, comprising Agency, Leasing, Capital Markets, Valuation, Project and Development Services and Advisory. With a commanding presence in the Industrial and Office sectors, and the leading valuation team in the region, the company has offices in Vienna, Belgrade Bratislava, Bucharest, Budapest, and Prague, with ambitious plans to continue to expand backed by an outstanding team and its preferred partnership with JLL.