Shanghai Electric has reached a key milestone with the signing of the second phase of the 342 MW Parau photovoltaic (PV) project in Romania with Econergy Renewable Energy Ltd. (Econergy). Once operational, the project will provide clean electricity to residential and commercial consumers, advancing Romania’s renewable energy goals and strengthening Shanghai Electric’s footprint across Central and Eastern Europe.
The agreement marks a continuation of the strong partnership between Shanghai Electric and Econergy, supporting Econergy’s broader strategy to expand its renewable energy portfolio across the region.
The Parau Phase 2 project represents Shanghai Electric’s fourth major PV initiative in Romania, following the successful delivery of Parau Phase 1, a 91.4 MW solar project that received its Provisional Acceptance Certificate in November 2024. Phase 1 currently generates enough renewable power to supply approximately 70,000 households, cutting carbon emissions by around 6,800 tons annually.
Shanghai Electric’s growing Romanian portfolio also includes the Schultu 56 MW PV project, which entered its two-year warranty and operations phase in June 2025, and the 60 MW Ovidi project, currently under construction. Together, these developments highlight the company’s continued commitment to advancing sustainable energy infrastructure across Europe.
“Shanghai Electric will continue to harness its technological strengths in wind power, photovoltaics, and energy storage to drive the region’s green transition,” said Mr. Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric Group. “Building on our successfully completed projects in Romania, we aim to further strengthen our presence across Central and Eastern Europe and deliver tailored solutions that accelerate Romania’s energy transformation.”
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