PNE sold photovoltaic projects of 175 MWp in Romania and Italy in 2023

PNE AG has achieved further operational successes in Romania and Italy at the end of 2023, having successfully concluded negotiations on the sale of photovoltaic projects in the two countries. 

In Romania, PNE sold a project with a capacity of 61.5-megawatt peak (MWp). It is in southern Romania in one of the country’s most productive regions. The buyer is a local company. The project has reached construction maturity.

In Italy, the PNE Group sold several PV projects with a total output of 114 MWp at the end of the year. The package comprises 12 projects in all, which will be acquired by an infrastructure fund managed by re:cap global investors ag. re:cap is an internationally active investment advisor for renewable energy infrastructure with a total portfolio under management (onshore wind, solar, and battery storage) of 1.2 Gigawatts.

Markus Lesser, CEO PNE AG, says: “We’re delighted to have been able to finalise two more sales in the European markets at the end of the year. The markets appreciate our expertise in the PV sector and place their trust in our experience. This is the second sale in Romania this year. In July we were able to announce the sale of five PV projects to a French energy corporation.”

Daniela Dinescu, PNE Romania country manager: ”Christmas 2023 brought us a beautiful present. We successfully recorded another sale this year, after the 208 MWp in July. It is a 61.5 MWp photovoltaic project that we have developed in Dolj County and it is ready to be built. It has an exceptional energy yield, and the connection is made in a nearby 110 kV electrical station. The photovoltaic park will be put into operation in 2025. Towards the end of the year, we finished the development of another photovoltaic project with a capacity of 48.9 MWp, located in Constanța county.

I would like to thank the project teams and all those who contributed with dedication and professionalism to the fulfillment of our objectives from 2023. For 2024, we plan to complete at RTB 5 photovoltaic projects, totaling 436 MWp, which are now in an advanced stage of development. In parallel, we will continue the development of the other projects in the portfolio, various RES technologies. We are also considering opportunities in the offshore wind sector.

Starting from 2022, we have been actively involved in promoting the wind potential of the Black Sea. PNE AG, as a reputable developer of offshore wind projects and with over 25 years of expertise, contributed to the amendments to the draft offshore law and actively participated in this year’s public debates in Romania. As a developer of renewable energy projects and a provider of clean energy solutions, we are happy and at the same time obliged to contribute to the common decarbonization efforts and contribute to the green and sustainable future of the planet.”

The PNE Group has operated successfully in the two countries for many years. The company has been active in Romania for more than 10 years, having successfully developed and sold wind and photovoltaic projects with a total capacity of around 571 MW/MWp.

In Italy the PNE Group has realised wind projects with a total capacity of some 300 MW since 2006. The sale that has now been finalised involves the PNE Group’s first PV projects in Italy.