- ENNA Solar acquires 87.5 MW solar project in Giurgiu County, Romania, for €60 million; construction starts Q3 2025.
- Project marks ENNA Group’s first significant renewable investment outside Croatia, expected to generate 133 GWh annually.
- The acquisition aligns with ENNA’s €330 million clean energy plan, which expands solar, geothermal, wind, and storage assets.
Croatian renewable energy firm ENNA Solar has bought an 87.5 MW solar project in Romania from Austrian developer Kraftfeld Energy. The project sits in Giurgiu County, near Mihăilești, about 25 kilometres southwest of Bucharest.
ENNA Solar, a subsidiary of ENNA Group, confirmed the deal in a press release on April 28. The company plans to start construction in the third quarter of 2025 and aims to complete it by the third quarter of 2026.
The project will cost around €60 million ($64.3 million) and span 93 hectares, roughly the size of 130 football fields. ENNA Solar expects the plant to produce 133 GWh of electricity annually.
ENNA Group President Boštjan Napast described the project as a milestone. “This marks our first major investment outside Croatia and one of our most important renewable energy efforts,” he said.
The Mihăilești project adds to a growing solar energy hub in southern Romania. Nearby, Israeli firm Nofar Energy is building a 146 MW plant in Ghimpați. Other developers are working on 169 MW and 74 MW projects in Iepurești and Slobozia, respectively.
Kraftfeld Energy, the project’s original developer, runs solar farms and storage systems across Europe. The company focuses on the Romania, Hungary, Croatia, and Austria markets. Kraftfeld develops projects and then sells them to long-term operators like ENNA Solar.
ENNA Solar was purchased as part of ENNA Group’s ten-year investment plan. The group has pledged €330 million ($353.7 million) for solar projects in Croatia and abroad. The company aims to expand its solar footprint and increase clean energy capacity across Europe.
ENNA also invests in other renewable sectors. It is building two geothermal power plants in Croatia, with capacities of 20 MW and 15 MW. These projects carry a total investment of €240 million ($257.2 million). The company sees geothermal energy as a key part of its diversified clean energy mix.
Beyond solar and geothermal, ENNA develops wind farms and battery storage systems. The group’s strategy focuses on building a balanced renewable portfolio. ENNA wants to lead Southeast Europe’s energy transition.
Romania continues to attract foreign investment in clean energy. Developers see the country as a growth market, especially for solar power. ENNA Solar’s entry into Romania reflects this trend.
The Mihăilești project will help Romania meet its clean energy goals and strengthen ENNA’s international presence. As part of its expansion strategy, ENNA plans to explore more regional opportunities.
By targeting emerging energy markets, ENNA positions itself for long-term growth. The company said it will continue building and acquiring projects that support its vision of a sustainable energy future.