Renewable energy company Sany International (Singapore) has completed the acquisition of a project for a solar power plant of 95 MW in peak capacity combined with 218 MWh in battery storage. The location is in Romania’s Dolj county.

SANY Renewable Energy signed power purchase agreements (PPAs) and contracts for difference (CfD) earlier this year in Serbia for its wind power projects Alibunar 1 and Alibunar 2. Just before that, and through another subsidiary, SANY Group secured its entry into the European market for solar power plants with energy storage

Renewable energy company SANY International (Singapore) is now the owner of a project for a solar power plant of 95 MW in peak capacity combined with 218 MWh in battery storage. The location is in Dobrești in Romania’s southwest.

Deal was signed in April

The shares transfer ceremony took place in Bucharest on October 15 in the presence of representatives of domestic developer Enero and local energy officials, the company said, as quoted by Economica.net. It is its first acquisition of such a project outside China.

SANY Singapore’s representative Xu Zhongtian signed the share purchase agreement in April. After that, the Commission for the Examination of Foreign Direct Investments (CEFDI or CEISD) approved the transaction.

Dobrești project is at ready-to-build stage

The project at a site 45 kilometers from Craiova in southwestern Romania is at a ready-to-build stage, Sany International (Singapore) revealed.

It is one of the largest hybrid projects integrating photovoltaics with a battery energy storage system (BESS) in Romania, the company added. Of note, Dolj is one of Romania’s coal regions, which are transitioning to cleaner energy sources.

“This investment reflects the growing interest in the clean energy sector in Central and Eastern Europe, in a context in which countries in the region accelerate efforts to achieve EU energy and climate targets. At the same time, SANY strengthens its strategic focus on renewable energy investments at the European level, aiming to expand its presence in fast-growing green energy markets,” the announcement reads.

SANY Group is an industrial conglomerate, established in 1989 in China. It is mostly known for construction machinery, but SANY Renewable Energy is one of the world’s biggest wind turbine manufacturers, too.