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European independent power producer (IPP) nextE has sealed a power purchase agreement (PPA) to offload electricity from a 42.9-MW solar park in Romania.
The long-term agreement covers the output of what nextE says is the largest onsite solar commercial and industrial project in Romania, according to a press release on Tuesday.
Under the plan, nextE will spend roughly EUR 35 million to develop and build the photovoltaic (PV) farm. To be installed across a 50-hectare (124-acre) area, the plant will be equipped with 78,000 PV panels and 130 inverters.
nextE’s plan is to combine power generation at the site with agricultural activities. The project also envisages the construction of a new substation.
“The signing of the partnership between nextE and our client represents a landmark event for the photovoltaic industry and the C&I market in Romania,” said Octavian Ciuca, co-founder and co-CEO of nextE.
At present, nextE is working on several renewable energy projects with a combined capacity of roughly 160 MWp. The company, part of Switzerland-based Connect44 Group, aims to have 500 MWp of installed capacity by end-2027.
Last November, nextE signed a PPA with Romanian cooling and heating systems manufacturer RAAL for a 7.4-MW solar park in Bistrita-Nasaud County.
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