Enel Acquires 90 MW PV Projects from Greek Group Mytilineos

Enel Green Power Romania, an arm of Italian utility Enel Group, has signed share purchase agreements with Greek Group Mytilineos for the acquisition of 2 photovoltaic (PV) power plant projects with an aggregate capacity of approx 90 MW in Romania.

The first project with 63 MW of capacity will be implemented in the Călugareni, Giurgiu county, and its construction works are expected to start by the end of 2021.

While, the second project with approx 26 MW of capacity will be built in the Moșteni, Teleorman county, and its construction works are expected to start at the beginning of 2022.

Further, the two plants are expected to achieve commercial operations by the end of 2022 and the beginning of 2023, respectively.

Commenting on the acquisition, Aristotelis Chantavas, Head of Europe at Enel Green Power, said “Enel Green Power is accelerating the energy transition in Romania, being a leader in renewable energy in the country’s energy mix. The recent acquisitions are part of our broader business strategy for the country, which now starts dynamically the decarbonisation phase.”

“Romania has a great opportunity to leverage on its untapped potential in renewable resources, especially now, with the new European targets for the energy transition. Enel Green Power Romania follows a solid investment plan in the country that reaffirms our commitment to making our planet sustainable,” commented Florin Gheorghiu, General Manager of Enel Green Power Romania.

Furthermore, these two solar power plants are estimated to generate around 130 GWh annually, avoiding roughly 141.740 tons of CO2 emissions per year.

In addition, they will significantly increase the existing solar PV capacity of EGP Romania, now stood at approx. 36 MW.

In another significant development, Enel Group is also looking at the possibility of entering India’s power distribution system, as the Group CEO Francesco Starace said recently.