TeraPlast signed the financing contract for a financial support of 5.5 million RON through the National Recovery and Resilience Plan (PNRR) for the development of a new photovoltaic plant in the Industrial Park of Sărățel. The non-refundable financing, approved according to the request, will cover about a quarter of the company’s total investment in this project, whose budget reaches 22.5 million RON.
The new photovoltaic plant is designed for a power of approx. 4.56 MWp, respectively a power produced (from inverters) of approx. 3.81 MW and is part of TeraPlast’s sustainable development strategy, which also includes increasing energy independence from renewable sources.
The first step in starting the project, following the signing of the financing contract, is the publication of a competitive procedure for assigning a single supply contract to achieve the project’s objective. The unique general objective of the project is the “installation of a new energy production capacity from renewable solar energy sources for self-consumption, with an integrated storage facility, in the North-West Development Region of Romania, Bistrița-Năsăud County, in the village of Sărăţel, Șieu-Măgheruş commune”; and the specific objective of the project is the installation of a new capacity of approx. 3.81 MW (the total installed power of the panels will be 4,561.90 kWp, and the total installed power of the inverters will be 3,806.00 kW) for the production of energy from renewable solar energy sources for self-consumption, with an integrated storage facility of 920 kW capacity (ensuring a storage capacity of the electricity produced at the nominal power of the plant (3806 kW) of about 14.5 minutes), in the North-West Development Region of Romania, Bistrița-Năsăud county, in Sărățel village, Șieu-Măgheruş commune.
“The project for building the photovoltaic capacity is the guarantor of the sustainable development of TeraPlast’s business. The future plant will contribute to the reduction of greenhouse gases, respectively to the estimated annual decrease of greenhouse gases by 3,238 tons of CO2e (CO2 equivalent). Due to the specifics of our activity, we have a considerable consumption of electricity, and the provision of a substantial part from internally developed renewable sources helps us in our sustained effort of decarbonization and the enforcement of environmentally friendly solutions. At the same time, such capacities also contribute to the reduction of production costs, with a beneficial effect on the competitiveness of the Group as a whole” said Nicolae Roșu, operational director of TeraPlast.
The new photovoltaic plant will consist of over 8,000 panels. At the same time, the Group will prioritize external purchases of energy from renewable sources. In the last 5 years, TeraPlast Group has invested almost 400 million RON in projects that ensure the expansion of production capacities, business diversification and sustainable development. In the future, the Group will also prioritize financing projects that accelerate the sustainability component, increase competitiveness and provide added socio-economic value.
