#Romania #Shanghai Electric #Econergy #Parau

Shanghai Electric Enhances Renewable Energy Landscape in Romania

On October 1, 2025, Shanghai Electric (SEHK: 2727, SSE: 601727) achieved a significant milestone by signing a contract for the second phase of a photovoltaic (PV) project in Parau, Romania, with a capacity of 342 MW. This project, a collaboration with Econergy Renewable Energy Ltd., marks an important advancement in the clean energy sector of Romania, reinforcing Shanghai Electric's commitment to support the green energy transition in Central and Eastern Europe.

The second phase of the Parau project signifies Shanghai Electric's fourth venture into photovoltaic initiatives in Romania. Upon completion, this phase is expected to supply clean electricity to residential and commercial consumers alike, contributing profoundly to the region's energy transition. Wu Lei, the secretary of the party committee and chairman of the Shanghai Electric Group, emphasized the company's intent to leverage its technological advantages in wind energy, photovoltaic systems, and energy storage to drive the green transformation of the region.

In light of its past successes in Romania, Shanghai Electric aims to enhance its presence further in Central and Eastern Europe by delivering tailored solutions to expedite Romania's energy transformation. According to Andrea Loi, Vice President of Operations at Econergy, the collaboration with Shanghai Electric reflects a strong confidence in their technical expertise and project execution capabilities. Economic foresight motivates both companies to ensure the seamless progression and successful commissioning of this groundbreaking project.

The second phase builds on the company's previous achievements, such as the first phase of the Parau PV plant, which became operational at 91.4 MW and is currently providing green electricity to around 70,000 households, reducing CO2 emissions by approximately 6,800 tons annually. Additionally, Shanghai Electric's Romanian portfolio includes the Schultu PV project with a 56 MW capacity, which secured preliminary approval in June 2025, and is currently in a two-year warranty and operational phase. Furthermore, the company has also secured a contract for the 60 MW Ovidi PV project, which is presently under construction.

As of October 2025, Shanghai Electric's projects in Romania collectively boast a capacity nearing 550 MW. This development positions the country for lasting growth in the clean energy sector. Following the contract signing, Wu Lei engaged with the Chinese ambassador to Romania, Chen Feng, and Istvan-Lorant Antal, the chairman of the Romanian Energy Committee to explore cooperative efforts toward advancing Romania's energy structure transformation, particularly in areas such as photovoltaics, energy storage, and gas turbines.

Antal expressed optimism about deepening collaboration with distinguished enterprises like Shanghai Electric to collectively foster renewable energy projects. Wu Lei also initiated high-level discussions with representatives from the Austrian OMV Group to explore new cooperation opportunities in the region's energy sector, further endorsing Shanghai Electric’s pivotal role in Romania's shift towards renewable resources.

In summary, the second phase of the Parau solar project exemplifies Shanghai Electric's dedication to enhancing renewable energy capacity in Romania and reflects a strategic alliance poised for success.

For additional details, visit Shanghai Electric.