Rgreen Invest and Renalfa Solarpro form joint venture Renalfa Power Clusters to develop 800 MW hybrid renewable and storage projects in Poland and Romania with €200M equity injection

French investment fund Rgreen Invest and Austrian partner Renalfa Solarpro have established a new joint venture, Renalfa Power Clusters (RPC), with a €200 million equity injection to develop 800 MW of hybrid renewable energy projects coupled with long-duration storage in Romania and Poland. This partnership aims to electrify heavy industries and data centers by leveraging electricity market volatility, building on a previous successful collaboration that operates over 655 MW of solar, wind, and storage capacity in Eastern Europe. The new entity targets a project portfolio valued at €800 million, focusing on high-consumption industries like steel, cement, and chemicals, as well as data centers.

Counterparts (3)

Developer

Renalfa Power Clusters

company

Sofia-based renewable energy developer and independent power producer with over 200 MW of operational and under construction projects and a 1.5 GW pipeline. Focuses on utility-scale solar PV and battery storage in Central and Eastern Europe, primarily Bulgaria and Romania.

Partner

RGREEN INVEST

company

RGREEN INVEST is an independent French investment management company specializing in financing infrastructure projects for energy transition and climate change mitigation. With over €4 billion in assets under management, it invests in renewable energy, energy efficiency, and sustainable agriculture across Europe and North America.

Renalfa Solarpro Group

company

Sofia-based Renalfa Solarpro Group is a leading independent power producer (IPP) and EPC contractor in the renewable energy sector, with over 1 GW of solar PV projects developed and built, and an additional 1.5 GW in development. The group operates primarily in Southeast Europe and is actively expanding across Europe, the Middle East, Africa, Australia, and the USA.