DTEK Renewables, DTEK's renewable energy division, has received the commercial operation license for the Văcărești photovoltaic park (126MWp) from the National Energy Regulatory Authority (ANRE), marking the start of commercial operations and a significant milestone in the company's growth trajectory in Romania.
With the commissioning of the Văcărești park, DRI's total installed and operational capacity in Romania reaches 299MW, consolidating the company's position as a leading independent power producer (IPP) in the country and underscoring its ability to implement large-scale renewable energy projects efficiently and rapidly.
Developed in Dâmbovița County, the Văcărești photovoltaic park will produce enough clean electricity to power approximately 50,000 households annually, while also avoiding around 48,600 tons of CO₂ emissions per year, significantly contributing to Romania's decarbonization goals.
„Achieving an operational capacity of 299MW in Romania in such a short timeframe represents a major accomplishment for DRI and a clear testament to our execution speed, engineering expertise, and disciplined investment approach. Our portfolio—comprised of three solar farms and one wind farm—is already actively contributing to Romania's energy transition by reducing reliance on imported fossil fuels and supporting the stabilization of energy costs. This is particularly important in the current context of high geopolitical tensions, which continue to exert significant pressure on Europe's energy markets. We remain committed to further expanding our presence in Romania and generating long-term value for our stakeholders.” said Murat Cinar, CEO of DRI.
This stage reflects DRI's strong implementation results. In just a few years, the company has developed, financed, built, and brought into commercial operation four renewable energy projects, demonstrating an integrated execution model and in-house engineering and project management capabilities. DRI's portfolio includes the Glodeni I (53MWp / 49.05MW AC) and Glodeni II (60MWp / 49.9MW AC) photovoltaic parks, which together form one of the largest solar complexes in the country, the Ruginoasa onshore wind farm (60MW AC) – the first wind project built in Romania in the last decade – and the Văcărești photovoltaic park (126MWp).
At the same time, DRI has demonstrated its ability to attract international funding. The Văcărești project benefited from a financing package of up to 60 million euros from UniCredit and Garanti BBVA, validating the strength of its portfolio and its partnerships with leading financial institutions.
The project also benefits from long-term revenue visibility. Starting in January 2027, 50% of the electricity generated at Văcărești will be sold to OMV Petrom S.A. under the largest physical PPA agreement for solar power ever signed in Romania, ensuring stable cash flows and supporting the project’s long-term financial sustainability.
DRI continues to expand its activities in Europe, with a vast portfolio of renewable energy projects in various stages of development, construction, and operation. In Romania, the company also aims to contribute to the development and stability of the energy system by advancing battery energy storage system (BESS) projects, supporting greater flexibility and resilience of the national grid.