Electroalfa International, a leading Romanian manufacturer of electrical equipment and provider of EPC and IT services, listed on the Bucharest Stock Exchange, announces the start of construction on the CET 2 Holboca photovoltaic plant, in Iasi. The project, worth 34.6 million RON, excluding VAT, aims to reconfigure an area with industrial history in the municipality of Iasi into a green energy production unit.

The installed capacity of the CET 2 Holboca photovoltaic plant will be 9,801 kWp and includes the installation of over 13,000 photovoltaic panels of 750 Wp. The new photovoltaic park will generate an average production of electricity from renewable sources of 9,849 MWh/year and will occupy an area of ​​approximately 75,000 sq m in the area of ​​the former CET 2 Holboca coal depot.

„Our EPC services, offered through three dedicated operational divisions – Green Energy, Turnkey Contracting and International Tenders, represent an important and constantly evolving business segment. Each new enterprise project, each photovoltaic park, bring us closer to a cleaner, greener, better energy future for people. We aim to further develop this business segment, it is one of the diversification pillars that we have undertaken for the long-term stability of Electro-Alfa International”, said Stefan Petrea, CEO Electroalfa International.

Electro-Alfa International is one of the main players in Romania in the field of medium and low voltage electrical equipment, EPC (engineering, procurement and execution) projects, as well as energy efficiency solutions. The company was listed on the Bucharest Stock Exchange on March 3, under the ticker EAI, after the successful completion of an IPO in February 2026, worth 544.3 million RON. Currently, the market capitalization of the company exceeds  3 billion RON (almost 580 million euros), 82% higher than the valuation at the IPO moment.