Shanghai Electric has signed an agreement with Econergy Renewable Energy for the second phase of the 342 MW solar project in Parau, Romania. Once completed, the Parau Phase II project will supply clean power to both residential and commercial consumers.
The Parau Phase II project follows the successful completion of the Parau Phase I 91.4 MW solar plant, which received its provisional acceptance in November 2024. The Phase I project currently delivers green electricity to around 70,000 households, reducing carbon emissions by approximately 6,800 tonnes annually.
Shanghai Electric has a total capacity of about 500 MW in Romania, as of October 2025. The company‘s portfolio in the country includes the Schultu 56 MW solar project, which entered its operational phase in June 2025, and the under-construction Ovidi 60 MW EPC project, contracted in January 2025.
Earlier this month, Romania’s Ministry of Energy, in coordination with the C.N.T.E.E. Transelectrica S.A., launched the third Contracts for Difference auction for electricity generation from onshore wind and solar photovoltaic sources. Around 290 MW of onshore wind capacity has been tendered under this round, with the total estimated budget for the scheme amounting to approximately €3 billion.
