Conergy is currently building another 2 megawatt solar power plant in the Romanian region of Slobozia. It was only in January this year that the PV solution and service provider had announced its entry into the market in the Eastern European country with a 2.2 megawatt solar park. The company is now following that with another power plant for a group of local private investors. Conergy is acting as general contractor on this project and is responsible for the entire planning and engineering of the park as well as for the construction and the supply of the components. The Conergy plant will not have to rely on any feed-in tariff, but will be profitable thanks to green certificates and so-called Power Purchase Agreements (PPAs). Under these agreements, the energy provider purchases the solar electricity at a fixed price.
On an area of around 10 acres equivalent to approximately three soccer fields, over 8,000 made in Germany Conergy modules installed on Conergy SolarLinea mounting systems will be producing more than 2,700 megawatt hours of clean solar electricity each year, sufficient to supply 770 households. At the same time, the Conergy power plant will prevent the emission of 1,400 tonnes of damaging CO2, corresponding to the annual emissions of around 700 cars.
The Romanian solar market has great growth potential for the future, and the government has set ambitious targets for the expansion of renewable energies, said Conergy Board Member Alexander Gorski. Currently, Romania is covering around two thirds of its electricity demand by power generated in the country itself. Large-scale solar power plants will be playing an increasingly important role in helping to enable the country to also satisfy the rapidly rising demand for electricity in the future. We intend to expand our business in this segment further in the years to come. And thanks to our extensive expertise in the planning and implementation of large-scale projects, we are offering domestic and foreign investors optimum quality and the greatest possible investment security among others through the TUV certification of our power plants.
Contrary to other European countries, Romania is not relying on a state-backed feed-in tariff but on a quota model. The state has issued a directive that requires energy providers and energy-intensive businesses to obtain a specific proportion of their electricity from renewable sources, the figure currently being 14%. For this purpose, they need...