Korkia, Econous to develop 600 MW solar projects in Romania

Construction works are expected to start in 2025, Korkia said in a press release on Monday.

The projects will reduce carbon dioxide emissions by about 300,000 kg annually, corresponding to yearly emissions of around 120,000 cars, as per the statement.

Korkia said it expects Romania's renewable energy market to grow by over 7 GW in the next decade, thanks to ambitious government growth targets and favourable solar generation conditions, including high levels of irradiation and land availability.

"Romania’s renewable energy development sector is now attracting an increasing number of international investors. [...] Romania is on track to become a renewable energy hub in Southeast Europe," said Peter Goitanich, Investment Director at Korkia.

"We are thrilled to collaborate with a renowned company like Korkia to develop large-scale solar projects in Romania. [...] We are proud to be part of an initiative that will bring benefits to Romania and all of Europe,” added Christos Lialios, CEO of Econous Green Energy.

Established in 2006, Korkia is a global investor in renewables, partnering with developers around the world to build utility-scale renewable energy and energy storage projects.

Econous Green Energy is a company that engages in procurement, construction, asset management, and acquisition advisory services for the renewable energy sector, with offices in Athens, Bucharest, and Thessaloniki.