nextE signs the largest Corporate PPA contract for green energy in Romania

nextE, a renewable energy company operating as an Independent Energy Producer (IPP) - announces the continuation of the development of the solar C&I market (Commercial & Industrial consumers) in Romania and its EaaS (Energy as a Service) product by signing a new Corporate contract PPA (Power Purchase Agreement) between a consumer and a producer of renewable energy. Based on this contract, nextE will deliver long-term green energy to its client from a photovoltaic plant of 42.9 MW / 51.48 MWp, this being the largest on-site solar C&I project in Romania and one of the more important in the region.

Thus, nextE will invest approximately 35 million EURO for the design and implementation of the photovoltaic plant composed of 78,000 photovoltaic panels and 130 inverters, as well as its own 110/20kV substation. All components will be state-of-the-art to ensure maximum efficiency, the plant being developed on an area of 50 hectares in an agri PV regime that allows the continuation of grazing activities on the site of the plant, thus reducing the impact on the community and local activities.

This is the latest nextE project from the development plan, which involves the realization of 500 MWp by 2027 in photovoltaic projects through which the energy will be delivered directly to large commercial and industrial consumers in Romania.

Octavian Ciucă, Co-Founder & Co-CEO of nextE stated: "The signing of the partnership between nextE and our client represents a landmark event for the photovoltaic industry and the C&I market in Romania: we mark a partnership and an investment with an immediate impact on sustainability in Romania , through which nextE will realize the largest C&I project in Romania and among the largest in Europe. Together with our client's team, we will deliver a revolutionary project for what it means to supply electricity in Romania and which reflects the essence of the nextE Energy as a Service philosophy – green energy produced where it is consumed, without impact on the transport and distribution networks, guaranteeing the consumer finally security of supply and price. We continue to invest in several projects at various stages of implementation, totaling approximately 160 MWp, with our target being to reach a capacity of 500 MWp by the end of 2027. We will continue to address electricity consumers in Romania with offers and products which ensure the sustainability of their activity. It is as obvious as possible that the future requires finding innovative technical and contractual solutions that meet both environmental protection and economic competitiveness targets.

Bogdan Cordoș, Chief Legal and Strategy Officer of nextE stated: "After the completion at the end of last year of the first C&I investment in Romania, PvPP nextE Alpha Prundu Bargaului, through this last long-term partnership, nextE continues its strategy to produce green energy for large consumers in Romania, guaranteeing delivery and price security through the EaaS structure. nextE's strategy is to maximize the impact of green energy production by delivering it where it is most needed – to the large consumers in Romania, who must reduce their impact on the environment and at the same time ensure their competitiveness. For nextE, the energy transition implies not only the protection of the environment by reducing emissions, but also the continuation of economic activity on a financially sustainable basis."