RGREEN and Renalfa reach an agreement for joint development of regional IPP in Eastern Europe

Through a €140 million equity investment made through its INFRAGREEN IV and V funds, RGREEN INVEST is partnering with RENALFA Solarpro Group to accelerate the deployment of renewable energy across Eastern Europe.

The invested capital will be deployed in priority to finalize the construction and development of 519 MWp of ground-mounted photovoltaic projects in Hungary, Bulgaria and Northern Macedonia. Bolstered by the expertise and know-how of Solarpro Holding, the leading independent EPC in Eastern Europe, RENALFA IPP aims to bring more than 1 GW of PV projects on stream.

"This platform, which begins commercial production in Q4 2022, six months following the start of our partnership, testifies to the remarkable cooperative effort between RENALFA and RGREEN INVEST’s teams and to execution agility that is decisive in order to face the urgent climate challenges." Nicolas Rochon, CEO of RGREEN INVEST.