Globalworth announces the completion of a photovoltaic power plant installation on the rooftop of its Industrial Park West in Oradea, a key asset in the company’s logistics and industrial parks portfolio.

The new installation, as agreed with the tenant and beneficiary of Globalworth`s park, iwis mobility systems, comprises more than 700 photovoltaic panels supplied by Canadian Solar, summing to a total power capacity of 297kWp.

“Building upon our strong ESG policy, this new solar plant is yet another concrete demonstration of our and our tenants` commitment towards sustainability and a cleaner future,” said Marian Popa, Managing Director at Globalworth Romania. “By integrating these renewable energy sources into our properties, we’re not only reducing operating costs for tenants in our business community but also significantly decreasing our portfolio’s carbon footprint. We have set a goal to achieve a 40% reduction by 2030, using 2019 as a baseline, and to achieve that we are planning to gear up many more of our assets with solar panels in the coming period.”

The newly installed solar plant at Globalworth’s Industrial Park West in Oradea can generate 350,000– 450,000 kW of electricity annually. In practical terms, that’s enough clean energy to power between 30 to 37 average homes for a full year.