Copper Beech Urban Development is planning a major investment of 745 million RON in the development of a next generation photovoltaic park. With a capacity of more than 130 MW, the solar project represents the entry into the renewable energy sector in Romania of British businessman Dinesh Dhamija, founder and chairman of Copper Beech Group.
The total investment for the solar power plant planned by Dinesh Dhamija is estimated at more than 745 million RON, of which more than 74 million RON is financed through the National Recovery and Resilience Plan (NRRP).
Copper Beech Urban Development is specialized in power production and is a subsidiary of Copper Beech Group. With a portfolio of investments in sustainable projects in Europe and India, the company plays a key role in the management and leadership of Romania’s leading solar and hydrogen companies.
The photovoltaic park in Bucsani, Giurgiu County is designed to have an estimated installed capacity of 130 MW and will cover an area of 130 hectares. The solar plant is expected to have an estimated annual output of around 174 million kWh, which will be enough to power a significant number of households and reduce carbon emissions by 50,700 tonnes per year.
“The solar park represents the first phase of a larger project with a cumulative capacity of 270 MW and additionally 820 million RON of investment. We want to bring major changes to the energy landscape in Romania and aims to reach a total capacity of almost 1 GW by 2026. This initiative reiterates our long-term commitment to promoting the development of renewable energy in the region.
Our main goal at Copper Beech Urban Development is to contribute to achieving European targets on reducing carbon emissions to net zero by generating clean energy, building solar farms and promoting green hydrogen and green ammonia production initiatives. Our project will make a significant contribution to diversifying Romania’s energy mix and reducing dependence on traditional energy sources,” stated the British businessman, Dinesh Dhamija.