THE POSSIBILITIES OF ROMANIA
As a part of our journey taking a position in the Southeast European market we have invested in a very exciting project in the South of Romania. The Independentia project will, with its 360MW potential, help us build our overall pipeline, with this being the first on in Romania. As a 100% owner, EMERGY want to continue its effort of making Sustainable Stories, wherever we invest, making sure the environmental and social benefits are taken care of in the best manner possible, following our own philosophy and belief.
We are very excited entering into this market with this remarkable possibility. We are still in an early phase, but are planning for start of construction in 2023, with a start up of the Independentia Wind Farm in 2025.
Romania is a country with an interesting growth potential. The country is an EU member with a stable growth of + 4% and with a new support scheme with long-term PPA`s and contracts for different auctions supported by EBRD. This, in combination with a liberalized electricity market with potential to export to new markets though new connections, supports the strategy of EMERGY.
EMERGY has acquire very interesting project with a pipeline of 360MW consisting of three different projects:
- Mereni: 223.2MW
- Independentia: 111,6MW
- Baneasa: 24.8MW
The pipeline is early-stage development. EMERGY owns 100% and we have a target of COD in 2025”