The Parau 2 plant has a total capacity of 310 MW (DC), with a maximum awarded CfD capacity of 125 MW AC (150 MW DC). Econergy secured a price of €49.4/MWh under a 15-year contract which is fully index-linked to ensure the long-term stability and viability of the project. The cumulative expected revenues from the project during the CFD period are estimated at approximately €447 million.

The Parau 2 Project is located in the Bra?ov region of Romania and is currently in the ‘licensing’ phase. Construction is expected to begin in 2025 and connection in 2027.

The achievement underscores Econergy’s leading role and commitment to advancing renewable energy solutions in Romania’s transition toward its net-zero goals. With construction already progressing, Parau 2 is set to play a key role in strengthening the country’s solar capacity and reducing carbon emissions.

This milestone reflects Econergy’s strong pipeline, technical expertise, and dedication to accelerating the clean energy transition across Europe, and particularly in Romania.

In the upcoming CfD auction in 2025, in which 3500 MW are expected to be allocated, Econergy plans to submit additional projects.

The success of Parau 2 reaffirms Econergy’s position as a leader in the realisation of large scale renewable projects that are in line with European energy targets and are addressing both environmental and economic priorities.

For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.

Energy Global’s Winter 2024 issue

Don’t miss out on our last issue of the year! The Winter issue of Energy Global is out now; this issue kicks off with a guest comment from Veronica Maxted, Director of Renewables at RS Group before moving on to a regional report on the current state of the renewables industry in North America. This edition of the magazine also explores key topics such as inspection and maintenance, solar optimisation, energy storage technology, geothermal drilling and operations, and much more. With contributions from key industry leaders such as Viridien, Hexagon, DNV Energy Systems, and Halliburton, among others, dive into the issue and see what you could learn.