The solar plants will help to avoid 420,000 tonnes of CO₂ emissions annually. Credit: Eiffel Investment Group.

French asset manager Eiffel Investment Group’s fund, Eiffel Transition Infrastructure, and R.Power, a Poland-based renewable energy developer, are set to jointly develop more than 1GW of solar projects across Romania.

The joint venture is aimed at expediting clean power generation in the country.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

R.Power has a portfolio of more than 50 solar projects in various phases of development. The company will develop the Romanian projects until they are in the ready-to-build stage.

Eiffel Transition Infrastructure will contribute towards funding the portfolio’s development. Initially, the partners plan to spend up to €26.5m.

Once built, the projects are expected to deliver enough clean electricity to power more than 500,000 Romanian households and help avoid 420,000 tonnes of CO₂ emissions annually.

The latest move builds on collaboration between the two companies since last year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Eiffel Investment Group infrastructure head Pierre-Antoine Machelon said: “This third transaction for the Eiffel Transition Infrastructure fund will accelerate the deployment of new renewable energy capacities in Romania by providing the necessary equity for the development phase of the projects and by taking advantage of R.Power’s solid experience in terms of development of photovoltaic power plants.”

R.Power CEO Przemysław Pięta said: “This collaboration is in line with our mission to drive the global energy transition and underscores our commitment to providing sustainable and cost-effective renewable energy solutions. Together with Eiffel, we are ready to have a significant impact on the Romanian market and contribute to a greener and more sustainable future.”

In April this year, Eiffel formed a partnership with Green Genius, a Lithuania-based renewables developer, to build 500MW of solar projects in Italy.