Renalfa Power Clusters has successfully completed the acquisition of two renewable projects in Romania. The first asset, Horia 2, is a photovoltaic plant with an installed capacity of 365 MWp. The second is a photovoltaic plant with an independent BESS in Arad, with 400 MW/800 MWh, both located in the western part of the country, Arad County, the company announced. The new owner intends to combine and redesign the projects into a single energy cluster and expand the installed capacity of both photovoltaic and BESS in the near future. Both acquired projects are fully decommissioned, in an advanced stage of development, with an expected commercial launch in 2027.
Renalfa Power Clusters will expand the Horia – Arad energy cluster in two phases. In the first expansion, the solar capacity will be increased to 568 MWp, and the BESS capacity will increase to 669 MW / 2,000 MWh. The second phase will add another advanced independent BESS of 400 MW / 1,608 MWh, potentially in combination with several photovoltaic plants.
“Upon completion, the Horia-Arad cluster will pioneer three deep-tech innovations: a hybrid storage plan with dual chemistry of lithium-ion and sodium-ion batteries, a grid-shaping inverter technology, and a proprietary dispatching and control platform based on artificial intelligence. Together, these will convert the expanded cluster into a so-called “Sovereign Grid Anchor”, capable of providing grid services previously exclusive to thermal power plants,” said Ivo Prokopiev, CEO of Renalfa.
This is the first acquisition of Renalfa Power Clusters, a newly formed joint venture between the Vienna-based clean energy and e-mobility investment group Renalfa Solapro Group and the Paris-based investment management company RGREEN INVEST through its INFRAGREEN equity funds.
The new joint venture, which targets Poland and Romania as its main markets, builds on the scale and success of the partners’ first joint venture, Renalfa IPP. In less than five years, Renalfa IPP has become one of Europe’s leading investors and operators of utility-scale hybrid assets equipped with long-term storage (BESS). This rapid development has enabled Renalfa IPP to implement an innovative business model and become the first company in Europe to launch green baseload electricity products.
