Austrian company Renalfa IPP buys photovoltaic project in Teleorman

A 258 MWac photovoltaic project in Teleorman has been acquired by Renalfa IPP, a leading renewable energy development and investment company based in Vienna. The project also represents a significant milestone in the expansion of Romania’s renewable energy portfolio.

The commercial commissioning of the Teleorman project is scheduled for 2027. It will contribute to Romania’s decarbonization goals and the country’s energy security.

In addition to the photovoltaic capacity, Renalfa IPP plans to integrate 1,000 MWh of battery energy storage (BESS) assets as part of the project’s future development. This energy storage capacity will increase the stability of the electricity grids, optimize the use of renewable energy and support the transition to a resilient and sustainable energy system.

Source: Profit.ro