PPC Renewables builds 60 MW battery storage in Romania

Business Forum
PPC Renewables Romania will build a battery energy storage system (BESS) with a capacity of 60 MW / 120 MWh at the Târgușor wind farm in Constanța County.

The project, valued at €26.2 million, is co-financed through the Modernisation Fund with €2.9 million in European funding.

The BESS will be implemented at the Zephyr 1 wind farm, which includes 52 turbines with a total installed capacity of 120 MW. Located in Nicolae Bălcescu administrative unit, the storage system is part of PPC Renewables Romania's plan to expand its renewable energy portfolio with storage projects that contribute to grid stability.

"This is the third storage project announced by PPC Renewables Romania and marks the acceleration of the company's storage portfolio development," the company stated. The firm plans to add new storage capacities this year as it approaches the 2 GW milestone in Romania.

The project involves completing construction and infrastructure elements, operational roads, access routes, site fencing, safety lighting and monitoring systems, plus building areas for operations and maintenance. The Modernisation Fund provides 11.05% of eligible costs, with PPC Renewables Romania contributing the remaining €23.3 million.

PPC Renewables Romania is the largest private renewable energy producer in Romania with 1.6 GW of installed capacity. The PPC Group aims to reach 12.7 GW of installed renewable capacity by 2028 across Greece, Romania, Italy and Bulgaria.

RECOMMENDED
Parapet appoints new CEO in expansion push
Energy

Parapet appoints new CEO in expansion push

Parapet, an EPC contractor in the renewable energy sector, has appointed Roxana Gureanu as CEO, as the company experiences rapid growth and international expansion.

Hidroelectrica reports 20% profit drop in 2025
Energy

Hidroelectrica reports 20% profit drop in 2025

State-owned power producer Hidroelectrica Group recorded a 20% fall in net profit during 2025 versus 2024 as the poor water levels significantly impacted hydropower generation and consequently the total volume of energy available for sale.

RECOMMENDED FROM THE HOME PAGE
Industry

Sphera Franchise Group posts sales growth in Q1 2026

Sphera Franchise Group, Romania's largest food service group, reported consolidated sales of €75.6 million in Q1 2026, up 4.2% compared to the same period last year. Growth was driven by the return to positive performance of KFC Romania and the strong evolution of Taco Bell.

Finance

BT posts 30% profit jump in Q1 2026

Banca Transilvania (BT) said its consolidated net profit reached RON 1.14 billion lei (€228 million) in Q1, representing a 30.1% increase compared to the same period last year. Total assets for the group expanded to RON 227 billion lei (€45.4 billion) as the institution neared the milestone of five million active customers.

Real estate

Arcadis signs major lease at Business Garden Bucharest

Vastint Romania has announced a new leasing contract with Arcadis Romania, which will occupy 1,183 sqm in building A of Business Garden Bucharest. The global design, engineering and consultancy company joins a growing community of international tenants at the development.

READ MORE
Business Forum  |  22 May, 2026 at 6:00 PM
Business Forum  |  22 May, 2026 at 1:20 PM