Business Forum • 5 August, 2024 at 2:54 PM
iO Partners has provided development management services for a 126 MW solar farm in Văcărești locality, Dâmbovița County.
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 project will cover an area of 183 hectares and is estimated to produce 205.8 GWh of electricity and 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,” said Costin Bănică, Head of the Energy and Infrastructure Consultancy team at iO Partners.
Until now, 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.