The Danish renewable energy company European Energy, has opened a subsidiary in Romania, as part of its strategy to expand its international footprint.
European Energy develops, finances, constructs and operates wind and solar farms as well as hydrogen facilities and storage capacities at a global level.
Starting September, Ioannis Kalapodas was appointed Head of Bucharest Office and will be leading European Energy’s activities in Romania.
European Energy is entering the local market at a time where Romania plans to add 6.9 GW of new renewable energy capacity before 2030.
More than 3.7 GW of that capacity is projected to be solar projects. Romania has a goal of reaching a level of 30.7% share of renewable energy in the country’s energy consumption by 2030.
Currently, Romania has a total installed capacity of 3 GW in wind farms and almost 1.4 GW in solar power plants, according to the official data.
Founded in 2004, European Energy has installed and invested in approximately 2 GW wind and solar farms in 16 countries.
Currently it has 1.1 GW of renewable energy capacity under construction in eight countries across Europe, Brazil, USA and Australia.