Defic Globe, part of YEO Technology - the global energy giant based in Turkey, finalized last year the group's first major investment in the Romanian photovoltaic sector - the Caracal Solar Power Plant (CES) - with an installed capacity of 18 MWp and generating around 26 GWh of electricity annually. It contributes substantially to Romania's environmental objectives by avoiding the emission of 32,300 tons of CO₂, the equivalent of about 165,000 trees.
Following last year's successful project, Defic Globe continues its investment this year. Thus, the company has started the construction of two new solar power plants in the town of Bobicești, with a combined capacity of 21.3 MWp, planned to become operational in the second quarter of 2025. The investment will generate 34,400 MWh of energy per year, supporting the national demand for clean energy.
Defic Globe also recently announced a partnership with Shanghai Electric Power Co., Ltd. (SEP) to jointly develop two photovoltaic power plants in Romania - with a total capacity of 129 MWp, separate from the above-mentioned projects. Under the agreement, the investment in the power plants will be jointly undertaken by SEP and turnkey construction, including engineering services, installation of high-voltage transformers and power transmission lines of the solar power plants, will be carried out by Defic Globe.
"We believe in Romania's potential and its development direction in clean energy. Local investments are key to our global goal of reaching 1 GW of renewable generation capacity by 2030. Our international experience, with over 400 completed projects on three continents, gives us confidence that we will make a significant contribution to Romania's energy transition," said Tolunay Yıldız Yıldız, CEO of YEO Technology.
YEO Technology, strengthening its position on the local market
At the same time, YEO Technology opened an office in Bucharest in October, facilitating the direct management of renewable energy investments in the country. This office will support the company's expansion activities and ensure optimal support for ongoing and future projects.
Furthermore, YEO Technology has joined the Romanian Photovoltaic Industry Association (RPIA), one of the leading renewable energy organizations in the country, to collaborate with the local energy community. Through its RPIA membership, the company will actively contribute to the development of the renewable energy market in Romania, supporting the national green transition goals.
With a long-term commitment to renewable energy, YEO Technology aims to reach a global production capacity of 1 GW of renewable energy by 2030.
YEO Technology, a global renewable energy and industrial technology company, is committed to providing integrated solutions for sustainable development. With an experience of over 400 international projects on three continents, YEO focuses on decarbonization, decentralization and digitalization. Through its projects, the company supports the transition to cleaner energy and actively contributes to a sustainable and liveable environment.
