ROMANIA: Shikun and Binui has energized their first park in Romania, the one in Satu Mare. It will enter operation next quarter

Shikun and Binui Energy has announced the successful energizing of the transformer of its 70 MW Satu Mare photovoltaic park. The photovoltaic plant will start delivering energy in the first quarter of next year.

“We are pleased to announce that the transformer at our Satu Mare solar project in Romania has been successfully energized! This 71 MW photovoltaic installation, located in the northwestern region of the country, represents a major step forward in Shikun & Binui Energy’s commitment to promoting clean and sustainable energy solutions in Romania,” the company wrote on its LinkedIn account.

“The grid connection is complete and the energizing of the entire project is underway. We are one step closer to unlocking the full potential of this project. (…) Spanning 85 hectares, the Satu Mare project is set to begin delivering clean and reliable electricity to households and communities in Romania in the first quarter of 2025. As our first operational project in Romania, this represents a key milestone in our journey, marking the beginning of a bold and ambitious vision for the country’s energy future,” the company announced, which currently has a portfolio of 1,500 MW of onshore photovoltaic and wind projects.

At the end of last year, Shikun and Binui Energy announced that it had signed a contract with a European EPC contractor (they did not name it at the time, it was later revealed to be CJR Renewables) for the “turnkey” construction of the photovoltaic park, including design, civil, mechanical and electrical engineering, equipment procurement and construction.

In March, Raiffeisen Bank announced that it had granted the company a loan of 40.5 million euros for the development of the 70 MW photovoltaic project in Satu Mare.

Shikun and Binui Energy specializes in the development, construction, operation and maintenance of renewable energy assets (based on various technologies such as photovoltaics, solar thermal, pumped storage, agrivoltaic, battery storage) and natural gas-fired power plants in Israel, Italy, California, Texas and Romania, with a total capacity of approximately 5.4 GW.