Electrica (EL.RO), a major player on Romania’s electricity distribution and supply market, in a stock market report on October 25 announced the signing of the first non-reimbursable financing contract under Investment Measure I1 - Supporting investments in new electricity production capacities from renewable wind and solar energy sources, from the National Recovery and Resilience Plan (PNRR).
In addition to supplying solar tracker technology, components will be made with locally manufactured steel from factories in Gujarat. The project is slated to be operational by first half of 2024.