The solar facility uses 227,240 bifacial photovoltaic panels and is expected to generate over 193 GWh annually, enough to meet the energy needs of more than 48,500 households. The project will prevent approximately 116,000 tonnes of CO2 emissions per year.

"We remain committed to the Group's strategy to be a dominant energy pillar in the wider region of Southeastern Europe," said Konstantinos Mavros, Deputy CEO of RES PPC Group. "The new photovoltaic plant in Romania confirms our position in the Romanian renewable energy market. We are constantly strengthening our green portfolio, with geographical and technological diversification, to maximise the benefits from the green transition and the interconnected energy market."

The Călugăreni plant is part of an agreement between PPC Group and Metlen Energy & Metals for renewable energy projects. A total of 460 MW of photovoltaic parks under this agreement are expected to be constructed by the end of the year.

With the addition of the new facility, PPC Group's installed capacity will surpass 6.5 GW, of which 1.5 GW is in Romania. According to its three-year strategic plan, the company aims to increase its renewable energy capacity to 11.8 GW by 2027, with more than 60% of the planned additions already under construction or ready for construction.