By Anu Passary | Oct 29, 2012 10:58 AM EDT
Samsung is planning to build two photovoltaic parks in Romaina, in the Giurgiu County, south of Bucharest, per reports. Park Robyug, who is the ambassador for energy and resources at the South Korea Ministry of Foreign Affairs and Commerce, confirmed the news at an event.
The photovoltaic park in Alexandria is anticipated to be finalized by 2013.
"The photovoltaic park in Alexandria, of 60MW, is estimated to be finalized by 2013. Other two units, of 3MW and 5MW, are being built in Giurgiu," said Roybug.
Additionally, per reports, Samsung's photovoltaic parks in Romania will have a combined installed capacity of 45MW. In the past, Samsung has developed similar projects in Bulgaria. In Nov. 2011, the Korean company announced its plans to build a EUR 25 million photovoltaic park in Northern Bulgaria, which would be built on 50 hectares of municipal land.
Apart from Samsung, currently, another South Korean firm Photovoltaic New Horizon (PNH) is also working on three projects in Romania.
"South Korean companies will develop three renewable energy projects in Romania. There is Samsung which has renewable projects, as well as PNH. They (PNH) have already started building works, and the project could start in 2013. The investments for each of the projects range between EUR 10 million to EUR 20 million," noted Robyug.
Till August 2012, according to the BusinessReview report, Romania had 4.2 MW of incentivized solar capacity. The report also noted that "Solar is granted 6 green certificates for every MW produced and delivered to the grid." Currently, one green certificate trades for EUR 57 at a maximum.
If firms look at investing in the present environment, they can benefit from the current number of certificates granted, provided the generation of energy starts before 2013 end. No details of how much investment Samsung will make were revealed.
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