3.4GW Romania Becomes Econergy’s Top European Market

PVTIME – In its Q3 2025 results, Israeli independent power producer Econergy confirmed that its Romanian renewable energy portfolio had reached 3,402MW, establishing the country as its core strategic market among seven European territories.

The portfolio comprises 30 local projects, of which 504MW are operational or grid-ready, 1,055MW are under construction, 460MW have been approved for development, and 1,383MW hold initial permits. The combined operational and under-construction capacity highlights Romania’s strategic importance and leads Econergy’s European footprint.

Econergy has recently strengthened its activity in Romania. In August, the 87MW Oradea solar plant began operating, increasing operational and grid-ready capacity to 447MW. In October, the firm acquired Nofar’s 50% stake in the 155MW Rătești solar plant, Romania’s largest, securing full ownership and plans for a 120MW storage system. Econergy currently operates four solar plants and has 788MW under construction, with the aim of starting 559MW of projects by the end of the year. Last month, the company secured €25 million in financing for the 56MW Scurtu Mare project in Teleorman County, which will include 42MW of storage.

In late October, Econergy renewed a turnkey EPC contract with Shanghai Electric for Phase II of the 342MW Părău project. The partners delivered Phase I, with a capacity of 92MW, last year, and it has performed strongly. Phase II is scheduled for commercial operation in 2027 and has 15-year CfDs for 45% of its capacity. It will also integrate 125MW of storage, enhancing the solar-plus-storage model.

A leading player in Europe’s energy transition, Econergy operates in Germany, the UK, Italy, and four other markets, with a global portfolio exceeding 14GW and total assets of nearly €900 million at the end of Q3. Its targeted expansion in Romania leverages local green energy subsidies while supporting the transformation of the energy structure in Central and Eastern Europe.