The Canadian renewable energy producer Grasshopper Energy is expanding in Romania, through a partnership with Prince Stefan Sturdza, the son of Romanian businessman and former tennis player Dimitrie Sturzda, writes Profit.ro. The agreement targets the construction of solar parks with a capacity of up to 1GW in Romania and involves investments of 1 billion USD by 2030.
Founded in 2007, Grasshopper Energy develops and invests in solar parks with $ 1.8 billion in assets and $ 6.5 billion in ongoing projects.
The agreement with Prince Sturdza is presented to help Romania achieve its goal of generating almost 31% of total energy needs.
Romania aims to increase its renewable energy capacity by 7 GW by 2030, in order to reach the target set for the production of energy from renewable sources, of 30.7% of total demand.