Profil:
R.POWER S.A.R.Power PV will receive over PLN 60 million in non-repayable subsidy in Romania
Polish photovoltaic group R.Power's companies have signed a non-repayable grant funding agreement with the Romanian energy ministry for PLN 63.8 million (EUR 15 mln), the group said in a market filing.
The funds will be used for the construction of an energy storage facility with an output of 127 MW and a capacity of 254 MWh, the first investment of its kind by the group in Romania.
As stated, the funding has been granted as part of Romania's reconstruction and development programme.
pel/ han/