RGREEN and Renalfa reach an agreement for joint development of regional IPP in Eastern Europe

Through a €140 million equity investment made through its INFRAGREEN IV and V funds, RGREEN INVEST is partnering with RENALFA Solarpro Group to accelerate the deployment of renewable energy across Eastern Europe.

The invested capital will be deployed in priority to finalize the construction and development of 519 MWp of ground-mounted photovoltaic projects in Hungary, Bulgaria and Northern Macedonia. Bolstered by the expertise and know-how of Solarpro Holding, the leading independent EPC in Eastern Europe, RENALFA IPP aims to bring more than 1 GW of PV projects on stream.

"This platform, which begins commercial production in Q4 2022, six months following the start of our partnership, testifies to the remarkable cooperative effort between RENALFA and RGREEN INVEST’s teams and to execution agility that is decisive in order to face the urgent climate challenges." Nicolas Rochon, CEO of RGREEN INVEST.

‍

RGREEN and Renalfa reach an agreement for joint development of regional IPP in Eastern Europe

Other Milestones

Eldrive receives two awards on EIB’s AdVenture Debt Summit

Renalfa Solarpro Group has completed 9.3 MWp PV Plant For Self-Consumption for Apollo Tyres Ltd in Hungary

First hybrid renewable energy project in Bulgaria starts construction

EIB signs €40 million loan with Eldrive to expand electric vehicle charging networks in Bulgaria, Lithuania and Romania

“Solarpro” and “GreenYellow” started the construction of the first PV project from their strategic partnership for Eastern Europe

Eurowind Energy and Renalfa agree to partner and create a JV for wind and hybrid projects in Bulgaria

RGREEN and Renalfa reach an agreement for joint development of regional IPP in Eastern Europe

A1 and Renalfa signed a Power Purchase Agreement for green energy, the first one in the region

Renalfa IPP acquires Alpiq’s 72.5 MW Wind Park in Bulgaria

Renalfa Solarpro Group has completed 2 MWp PV self-consumption power plant for Volkswagen Poznan

EIB signs €40 million loan with Eldrive to expand electric vehicle charging networks in Bulgaria, Lithuania and Romania

First hybrid renewable energy project in Bulgaria starts construction

Renalfa Solarpro Group has completed 9.3 MWp PV Plant For Self-Consumption for Apollo Tyres Ltd in Hungary

Eldrive receives two awards on EIB’s AdVenture Debt Summit