Investment of EUR 100 M in photovoltaic power plant, close to completion

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A EUR 100 M investment in a photovoltaic power plant is close to completion in Sebis, Arad, where 317,000 panels with a total power of 65 MW have been installed on a 200-hectare plot of land and could cover the needs of 100,000 people, Mediafax informs. 700 people are working on the project. The representatives of the investors and the Mayor of Sebis stated yesterday that this photovoltaic power plant will be the largest in Romania and one of the largest in Europe. “We have already signed the contracts to connect to the national electricity grid, the production set to be sold on the free market,” Dragos Baghiu, the project’s technical director, added. He claims that the power plant will produce electricity at top capacity this summer, approximately100 permanent jobs set to be created. The electricity production installations will have a lifespan of 25 years. Sebis Mayor Gheorghe Feies stated that budget revenues, from taxes paid by the company, will rise by 50 per cent, namely from EUR 4 M to EUR 6 M per year.
The investment was made by Spain’s “Promocion Inversolar 65” Company, which is investing in three energy projects in Sebis. The project spans a total surface of approximately 200 hectares. According to Jose Maria Abuli, the Spanish company’s economic director, the first two projects span a total surface of 44 hectares, 72,000 photovoltaic panels with a total power of 15 MW being already installed there. These projects will be completed in March-April when works will start on setting up 245,000 panels with a nominal power of over 50 MW on another 150 hectares.