Renovation Solar, part of Renovatio group with 50m-euro turnover, registered in Cyprus, has completed a 10m-euro investment in a photovoltaic panel plant in Satu Mare currently employing 17 people. "We've had several reasons to choose this location, with access to the large markets we focus upon in Central Europe, as well as the highly-skilled workforce we've found here as the main factors," stated Andre Fraga, an international development manager of Renovatio group. The group operates in Romania, Poland, Bulgaria and Italy, being known on the Romanian market particularly through the investments it is carrying out on the wind energy segment. The Satu-Mare plant will have annual production of around 210,000 panels, most of which will be exported. "(...) Romania is still struggling to put up a support scheme for solar energy investments and this is why there are no projects we could supply with our products. In the first phase, the plant will only supply to the projects we're developing," Fraga also said. "(...) When the plant is completely operational, there will be 50 jobs," he added.
Renovation Solar, part of Renovatio group with 50m-euro turnover, registered in Cyprus, has completed a 10m-euro investment in a photovoltaic panel plant in Satu Mare currently employing 17 people. "We've had several reasons to choose this location, with access to the large markets we focus upon in Central Europe, as well as the highly-skilled workforce we've found here as the main factors," stated Andre Fraga, an international development manager of Renovatio group. The group operates in Romania, Poland, Bulgaria and Italy, being known on the Romanian market particularly through the investments it is carrying out on the wind energy segment. The Satu-Mare plant will have annual production of around 210,000 panels, most of which will be exported. "(...) Romania is still struggl
