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Vanta Leones News Feed

Vanta Leones plans €280 million investment in solar power plants in Romania

Vanta Leones, the prominent European renewable energy company, intends to establish approximately 300 MW of Solar PV capacity in Romania by 2024 to foster the production of eco-friendly energy within the nation. As per representatives of Vanta Leones, the company plans to invest around EUR 280 million in this venture. Through the generation of green energy, Vanta Leones aims to contribute to reducing electricity costs in Romania. Globally, there is a pressing need to curb greenhouse gas emissions, and initiating actions at a local level is paramount.

In accordance with the National Integrated Plan for Energy and Climate Change 2021–2030, Romania has set a goal of having 30.7% of its overall energy mix derived from renewable sources by 2030. However, achieving this objective necessitates substantial investments in Romania’s energy production infrastructure in the forthcoming years. Facilitating the transition to clean energy is crucial for the advancement of Romania’s renewable energy sector, and professional expertise is welcomed in this endeavor. “We observe a burgeoning demand for renewable energy across Europe. The ambitious targets set by the European Union to attain a climate-neutral model are prompting countries to increasingly prioritize the development of renewable energy. Romania, currently experiencing rapid growth in its energy sectors, holds promising potential for solar project development. Geographically, Romania possesses numerous advantages for solar energy investments, and we are poised to make investments here in the upcoming years,” stated Fabian Pausch & Johannes Prader, the Founders of Vanta Leones.

With a track record spanning over three decades in creating solar, wind, and hydrogen projects, Vanta Leones stands as a prominent European renewable energy developer and realizer, undertaking projects across Europe. The company’s involvement in this domain has endowed it with profound knowledge of European green energy policies, regulations, and the concerns of local communities.

Presently, Vanta Leones boasts a cumulative pipeline of Solar PV projects in various stages of development, construction, and implementation, surpassing 3 GW across all markets.  The mission of Vanta Leones as a leading developer and realizer holds significant importance as the company contributes to Europe’s transition towards a more sustainable future. “With over three decades of experience in renewable energy, Vanta Leones streamlines the process of electricity generation from renewable sources, aiding customers in achieving their sustainability objectives. We firmly believe that utilizing green energy stands as the most effective measure to combat climate change. Furthermore, we are actively working towards innovative solutions to phase out outdated and polluting technologies, enabling users to access 100% green energy from diverse renewable sources,” emphasized the two Founders of Vanta Leones.

Opting for sustainability not only benefits the environment but can also be economically viable. Solar energy, in particular, has witnessed a significant decrease in price over the past decade. A decade ago, it stood as the most expensive option for establishing new energy capacity. However, since then, the cost has plummeted by 90% according to statistics from the Levelized Cost of Energy Report. Furthermore, not only are solar panel prices currently at historic lows, but contemporary solar installations also exhibit enhanced efficiency, generating more power with a smaller footprint.

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