The clean energy investor CLARITAS INVESTMENTS has established an office in Bucharest and has commenced development of utility scale solar energy projects in Romania. Target is to develop a total portfolio of solar projects with an aggregate capacity of not less than 400 MW in the country.

According to the provisions of the European Green Deal, Romania has to achieve a 30.7% share of renewable energy in the country’s energy mix by 2030. This means that over the next 10 years the increase in capacity from RES in Romania should be around 6 GW per year.

“Romania has appealing conditions particularly for utility scale energy facilities. If the country  continues investing into the modernization of its electricity grids, the country has even potential to become a new hotspot in the European solar energy space. Our first Romanian PV projects are meanwhile in a mature stage and are expected to be ready to build within the year 2022. Moreover, we have commenced development of a utility scale photovoltaic (PV) project in Western Romania with a target capacity of not less than 400 megawatt (MW)” says Dirk Lamottke, Managing Director of CLARITAS INVESTMENTS.

CLARITAS has been successfully developing utility scale PV portfolios in Poland and Greece. Romania is the third CEE country in the international growth strategy of CLARITAS. With its strong local presence, CLARITAS originates greenfield and early-stage cleantech projects and turns them into high-quality investable assets for institutional investors.