​The Israeli company Nofar Energy has purchased from the developer Portland Trust the largest photovoltaic project in Romania, located on a 290-hectare plot of land in the commune of Corbij Mari, Dambovitsa County. The park has an installed capacity of 255 MW and will produce electricity from next year.

Last month, Nofar commissioned another solar project purchased from the Portland Trust, a project in Reteşti, which is currently the largest in the country. It has a capacity of 153 MW and an area of ​​165 hectares.

The Corbii Mari project, which replaces the Rătești project, was approved in 2023 and, starting in 2024, will inject 362 GWh of renewable energy per year into the electricity grid.

This project will be able to provide energy to approximately 160,000 households and reduce carbon emissions by more than 200,000 tons, being an extremely important pillar for Romania’s strategy to reduce carbon emissions and ensure the production of green energy, which is to reach 30% of the total domestic production by 2030.

“Portland Trust has diversified its portfolio with large-scale projects in the green energy segment. This new stage in the consolidation of our portfolio in Romania allowed us to create the largest photovoltaic park in Romania in a record time. This agreement gives us the confidence to explore this segment in the future and start even more ambitious projects.

2023 marked the acceleration of PV projects in our portfolio, and the sale of two projects from Corbii Mari and Rătești underlines that we are one of the few developers who have managed to successfully manage projects of such a large scale,” says Florin. Furdui, regional manager of Portland Trust Romania, was quoted in the company’s press release.

In total, the projects developed by the Portland Trust so far this year will generate 444,000 MWh/year of renewable energy, enough to power more than 265,000 households, the equivalent of a city like Cluj-Napoca or Timisoara.

Portland Trust is a real estate developer that has been operating in Romania and the Czech Republic for almost 25 years.

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