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Nov 20, 2023 12:33 EEST
November 20 (SeeNews) - The Romanian unit of German energy company E.ON said that it has completed the construction of a solar photovoltaic (PV) plant worth 850,000 euro ($929,330) for local building materials producer Cemacon [BSE:CEON].
Located in the Recea industrial park, in the northwestern county of Salaj, the solar plant has an installed power of over 1MWh and will generate 976 MWh annually, E.ON Energie Romania said in a press release last week.
You can download the 2023 Renewable energy in Romania report here
The plant will allow Cemacon to cut their electricity costs by 83,000 euro while reducing carbon dioxide emissions by 300 tonnes per year.
"[...] we aim that by 2030, all our factories will cover their electricity consumption from alternative sources, and the project carried out with E.ON contributes to the achievement of this objective," said Daniel Sologon, CEO of Cemacon.
E.ON Energie Romania’s non-residential PV portfolio encompasses over 330 finalised projects worth a total of 58 million euro. These generate over 77 GWh annually while reducing carbon dioxide emissions by approximately 20,611 tonnes.
Cemacon shares traded flat at 0.415 lei ($0.09/0.08 euro) as of 1032 CET on November 20, bourse data showed.
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