iO Partners has successfully provided development management services for a 126MW solar farm in Văcărești, Dâmbovița County. The high-capacity project has started being developed for the local investors in 2021 and was recently acquired by the renewable energy company DRI, making it their third project in Romania.
Following the acquisition, finalized in June this year, DRI will begin the construction of the solar park this autumn, with the project expected to become operational in the autumn of 2025. The solar farm will cover an area of 183 hectares and is estimated to produce 205.8 GWh of electricity, enough to power approximately 50,000 households.
“It was a challenging project, primarily due to legislative changes and obtaining permits, but we had the advantage of starting early, which allowed us to secure very good grid connection conditions. This made the project very attractive to investors,” said Costin Bănică, Head of the Energy and Infrastructure Consultancy team at iO Partners. His team facilitated connections with contractors, organized the development stages of the farm, and was involved in the process of obtaining approvals and permits.
By now the real estate consultancy company iO Partners has been successfully involved in the development of over 450 MW of photovoltaic renewable energy projects, maintaining for potential investors a pool of projects under development exceeding 500 MW.
