Econergy’s 87 MW Oradea solar park in Romania starts commercial operation

Oradea solar farm, with a capacity of 87 MW, is Econergy’s fourth photovoltaic plant in Romania. With the addition, the company’s operational and ready-to-connect capacity in the country has reached 447 MW. It is building another 788 MW and expects to start building another 559 MW by the end of 2025, according to the latest update.

Econergy operates Romania’s biggest PV plant, Rătești, in an equal partnership with Nofar Energy. They inaugurated the facility with 154.7 MW in peak capacity in 2023. The other two are the Părău solar park of 92 MW in peak capacity, near Brașov, developed in a 50:50 joint venture with RGreen Invest, and the Scurtu Mare facility of 55 MW in peak capacity, where Phoenix Holdings is a minority partner.

Econergy plans to add a 68 MW co-located battery energy storage system to the Oradea project

As part of its strategy to integrate storage solutions, Econergy plans to add a 68 MW co-located battery energy storage system (BESS) to the Oradea facility. The storage system is anticipated to increase the project’s economic value by generating new revenue streams, facilitating grid balancing services, and optimizing electricity sales through price arbitrage.

The Oradea solar power plant was developed in partnership with Israeli financial services firm Phoenix Holdings, which has invested more than EUR 225 million in Econergy’s Romanian and Polish projects.

“The successful connection of Oradea marks another important milestone for Econergy in Romania. This achievement underscores our ability to deliver large-scale renewable projects while advancing our strategy of integrating storage solutions to maximize value for our stakeholders. We are proud to strengthen our partnership with Phoenix Holdings as we continue to expand our renewable energy platform across Europe”, said Eyal Podhorzer, CEO of Econergy.