Israeli renewables developer Nofar Energy has signed a EUR 76.6 million deal to purchase solar panels from China’s LONGi Solar for projects in Romania, implementing the latest generation of its high-efficiency modules. This partnership marks a vital moment for the company’s prospects in Romania, portraying a significant milestone in the country’s solar energy sector, currently considered the largest agreement in Romania.
In a LinkedIn post, the Israeli firm confirmed entering into a contract to generate power with a capacity of 576-MW. The post also stated that LONGi will be responsible for the entire process, from manufacturing to delivery and the arrival of the panels at the sites.
The contract highlighted that the deal includes export and import costs, insurance, international shipping, taxes, and delivery of the panels to the sites. The detailed agreement encompasses the procurement of LONGi’s Hi-MO 7 modules, known for their high performance and reliability.
The project is expected to be operational in 2025 with construction starting in early 2024. In addition to its high efficiency, Hi-MO 7 boasts excellent power generation performance and long-term reliability, significantly reducing the cost of electricity (LCOE) for large-scale projects. Further details about the projects were not provided.
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The Hi-MO 7 module uses SMBB welding technology, including LR5 72HGD and LR7 72HGD two types of products. It boasts excellent power generation performance and product reliability, making it particularly suitable for applications with high albedo, high temperature, and limited space.
Nofar’s portfolio in Romania includes a total of about 800 MW of renewable power assets, all of which are already connected to the grid and under construction.
Other projects
In the first quarter of 2023, Nofar unveiled a plan to build a portfolio of 1.5 GW of wind and solar schemes in Romania through 2023. Last month, Nofar, together with its partner Econergy Renewable Energy, launched the 154-MW Ratesti solar park in Arges County, which was described as the largest photovoltaic (PV) complex in southeastern Europe.
The Sales Manager LONGi Romania, Mirel Jarnea commented that the strategic partnership with Nofar marks a significant step in the right direction in advancing sustainable energy solutions in Romania.
