MVM Advances 25 MW Photovoltaic Project in Covasna, Romania
Image for illustrative purposes
MVM Energy Romania has received authorization from Romania’s National Authority for Energy Regulation (ANRE) to develop the Arcuș Photovoltaic Power Plant in Covasna County.
The project will have an installed capacity of nearly 25 MW and a maximum grid delivery capacity of 20.21 MW. It will cover approximately 20 hectares and represents an estimated investment of $18.6 million (€16 million).
Development began in 2022, with completion scheduled for 2027. The plant is expected to produce enough electricity to cover the annual consumption of around 12,000 households.
Gabriel Garai, CEO of MVM Romania, emphasized the company’s long-term commitment to developing its presence in Romania and diversifying energy sources.
The project is part of MVM’s strategy to expand renewable generation, with the group targeting more than 3,000 MW of renewable capacity by 2035.
Source: informat.ro
