December 6 (SeeNews) - Romania's Grup MIR has completed last month a 1.7 million euro ($2.3 million) investment in a solar panel plant in the western city of Arad, the plant's developer Rominex Industrial said.
The plant can produce annually photovoltaic panels with a combined installed capacity of 60 megawatts (MW), Rominex, which is part of Grup MIR, said in a statement made available to SeeNews on Friday.
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Grup MIR will target small and medium solar projects, a sector which the other producers do not cover, the company said.
"Most of the producers are looking for big projects with installed capacities of more than 1.0 MW. As for us, we consider we have identified important development potential in two sectors: the residential sector and the small and medium-sized enterprises sector," Grup MIR vice-president Florin Dumitrescu said in the statement.
Established in 2001, Grup MIR is a group a companies including several special purpose vehicles (SPV), specialized in different areas such as: tourism and hospitality, real estate transactions and residential projects development, renewable energy projects development, construction and installation works, publicity and advertising.
($=0.7315 euro)