R.Power, Eiffel Investment Group partner to develop 1 GWp of solar in Romania
Central European integrated solar producer R.Power and French asset manager Eiffel Investment Group partnered to develop over 1 GWp of ground-mounted solar projects in Romania, 12th biggest country in Europe with a population of around 19 million.
As per the partnership agreement, R.Power will bring more than 50 solar projects at different stages of development, and Eiffel Investment Group will provide financing support through its Eiffel Transition Infrastructure fund.
Once operational, these projects are expected to supply solar electricity to over 500,000 Romanian households, helping to avoid 420,000 tonnes of CO2 emissions annually.
The De Gaulle Fleurance team that advised on this partnership was led by partner Sylvie Perrin and senior manager David Faravelon.
“We are delighted to support R.Power in this ambitious approach to the Romanian market, which will significantly advance the growth of clean energy generation in the region,” explained Sylvie Perrin.
“This project will enable R.Power to continue its development in the European solar energy market, with a sustainable and profitable growth model. We would like to thank R.Power for its confidence. Our involvement in this project confirms and consolidates our international positioning in the renewable energies sector,” added Perrin.