CWP Europe, a solar, wind, and battery storage project developer, acquired the 134 MW Studina solar project in Romania. The project is currently under development, and construction is set to begin in 2023. The project is expected to reach commercial operation by the end of 2024.
Once operational, the Studina PV power project will provide green electricity to approximately 115,000 households and contribute to reducing greenhouse gas emissions by more than 95,000 tonnes annually. Furthermore, the project will contribute to the country’s clean and reliable electricity generation and align with its goals in the Integrated National Energy and Climate Plan.
Founded in 2006, CWP Europe is the developer of the 600 MW Fantanele Cogealac wind farm in Romania. The company has a 6 GW pipeline of utility-scale wind, solar, and battery storage projects in Southeast Europe. Beyond Romania, it has developments in Serbia, Bulgaria, Albania, Moldova, Montenegro, Ukraine, and Bosnia and Herzegovina.
According to Mercom Annual and Q4 2022 Solar Funding and M&A report, 268 large-scale solar project acquisitions were recorded in 2022 compared to 280 in 2021. In 2022, about 66 GW of solar projects were acquired, with project developers acquiring the most, reaching 35.7 GW.
CEE Group, a German-based asset manager, recently acquired a 53 MW solar project in the Netherlands from BayWa r.e., a subsidiary of Munich-based BayWa. The Venekoten/Oosterwolde ground-mounted solar project is in the north of the Netherlands. Rabobank acted as the financing bank for this transaction. The project was completed and commissioned in September 2020 with a nominal output of around 53 MW. It has mono facial modules from manufacturers Hanwha Q.Cells and Chint Astronergy. The modules are firmly elevated on the substructure.