The project is part of NEPI Rockcastle’s major €100 million green energy investment programme and will be executed in a strategic collaboration with LONGi Solar Europe and ENEVO Group.
“Our partnership with LONGi Solar Europe and ENEVO Group gives us the confidence to deliver a flagship utility-scale development, from design and technology selection through sustained performance, combining reliability and lasting value,” says Andrei Horhoianu, Group Head of Energy at NEPI Rockcastle.
The new Chișineu-Criș photovoltaic power plant in western Romania is projected to supply over 70,000 MWh of renewable electricity a year, which is enough to power approximately 29,300 homes and helps to avoid around 21,100 tons of CO₂ emissions annually. NEPI Rockcastle’s already generates renewable electricity from rooftop solar panels and parking canopies installations and a second greenfield photovoltaic project – due to start construction in the Prahova region early this year will raise the Group’s total combined capacity up to 212 MW on completion.
Romania, NEPI Rockcastle’s largest market at about 35% of portfolio value, is in the top ranks of CEE countries for renewables share of the energy mix at nearly half of its electricity supply, due to the high proportion of hydroelectric power generation, but until recently solar accounted for less than 3% of clean energy output. In the first half of 2024, Romanian photovoltaic production jumped over 60% taking its share of renewables to 6%, and NEPI Rockcastle will become a major contributor to the country’s ‘solar surge’ over the next two years.
“NEPI Rockcastle’s priority is to support investments that accelerate the company’s financial, sustainability and operational performance. Developing greenfield photovoltaic power plants in Romania are strategic investments that bring cost efficiency and optimisation, strengthening the foundation on which NEPI Rockcastle’s future growth is built. The Chișineu-Criș project demonstrates how financial discipline, and sustainability can create shared long-term value.”
Marek Noetzel, COO – CEO designate of NEPI Rockcastle
In Poland, the company’s second biggest market at 34% of portfolio value, renewables overtook coal in the energy mix for the first time only mid-way through 2025. As NEPI Rockcastle expands its renewable energy investment programme, ultimately aiming to cover all its electricity consumption from internally generated sources, the Polish market will become a core focus on the road to ‘Net Zero‘.
(dp)
