German solar developer Ib vogt has signed a long-term virtual power purchase agreement (vPPA) with a U.S.-based technology company for a 70-megawatt (MW) solar project in northwestern Romania, marking a key step in the country’s evolving corporate renewables market.
The utility-scale project is expected to generate approximately 110 gigawatt-hours (GWh) of electricity annually. It will use bifacial solar modules mounted on single-axis trackers and is designed to be compatible with future energy storage systems.
“This agreement shows the maturity of the Romanian renewables market and the vital role of clean energy in decarbonising power grids,” said Andreas Schell, CEO of Ib vogt. “Securing this long-term vPPA for our PV project is a major milestone for Ib vogt in Romania.”
The company will oversee turnkey engineering, procurement and construction (EPC) services for the plant, and will also manage long-term operations and maintenance.
Romania’s corporate PPA sector is still at an early stage, with relatively few bankable long-term contracts signed to date. However, the market is showing signs of accelerated growth as demand for renewable energy solutions increases.
“We are proud to drive this transition and confident it will open the door to more transformative partnerships in the region,” Schell added.
Ib vogt has expanded its international footprint in recent years, focusing on developing large-scale solar and energy storage projects across Europe and emerging markets.
