DRI, DTEK’s arm, acquires 126 MW solar project in Romania.

By Oliver Townsend Jun 19, 2024
DTEK's subsidiary DRI buys 126 MW solar power project in Romania.jpegOrginal image from: https://balkangreenenergynews.com/dteks-subsidiary-dri-buys-126-mw-solar-power-project-in-romania/

Acquiring renewable energy projects is a key strategy for companies looking to expand their operational portfolio and contribute to a sustainable future. DTEK’s subsidiary, DRI, recently purchased a 126 MW solar power project in Romania, marking its third acquisition in the country. This project is expected to significantly increase DRI’s renewable energy capacity in Romania and support its goal of reaching 1 GW by 2028.

Expanding Renewable Energy Portfolio in Romania

The 126 MW solar farm in Văcărești, located in Dâmbovița county, is set to become operational next year. This acquisition will double DRI’s operational portfolio in Romania and contribute to the company’s efforts to promote sustainable energy practices in the region. By acquiring this project from local developers, DRI is demonstrating its commitment to driving renewable energy growth in Romania.

Environmental Impact and Sustainability Goals

The Văcărești solar park is expected to have a significant environmental impact, with an estimated annual production equivalent to the average consumption of 50,000 domestic households. Additionally, the project is projected to save 48,600 tons of carbon emissions per year, aligning with the EU’s efforts to reduce carbon footprints in the power sector. By securing the land, grid connection, and necessary permits, DRI is taking proactive steps to ensure the project’s success and sustainability.

Future Growth and Investment in Renewable Energy

DRI’s acquisition of the Văcărești solar project highlights the company’s ambition to become a major player in the renewable energy sector in Romania. By leveraging its engineering expertise, supply chain capabilities, and construction management skills, DRI aims to add value to the project and contribute to Romania’s renewable energy potential. Chief Executive Officer John Stuart emphasized the importance of Romania becoming a hub for renewable energy and highlighted the role of companies like DRI in driving investment and innovation in the sector.

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