ECITIM: we aim to become an energy producer in the first quarter of 2024

ECITIM, a Romanian start-up in the field of energy and the first company in Romania which, through the platform EnergiePentruToti.ro, allowed all Romanians to own energy production capacities in photovoltaic parks, is in the process of obtaining the electricity producer license.

“In September, we submitted the necessary documentation for the commercial exploitation license of the production capacities, after making the first steps at the beginning of the year, in February, when we contacted a consulting firm. Our expectation is to obtain the license by the end of the first quarter of 2024”, says Stelian Muscalu, Development Director at ECITIM.

ECITIM’s licensing investments as an energy producer exceeded 100,000 euros and covered consulting costs, approvals and fees required by ANRE.

“In order to become an electricity producer, the license is mandatory starting from an installed power of more than 1MW, even if it is a cumulation of the power installed in several prosumer parks, as in our case,” says Stelian Muscalu.

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Currently, the combined installed power of the photovoltaic parks developed within the EnergiePentruToti.ro platform exceeds 6 MW (22,400 installed panels) and places the ECITIM project in the top of the largest collective investments in the field of energy in Romania. The 13 photovoltaic parks were developed by ECITIM following an investment of over 6 million euros, in collaboration with over 600 partners and investors, and with their financial contribution.

All investments and partnerships were mediated through the EnergiePentruToti.ro platform, which facilitates collaboration between entities for the development of photovoltaic parks, allowing individuals and legal entities alike to hold shares in ECITIM projects.

ECITIM offers end-to-end management for solar energy investments, guaranteeing transparency and flexibility through clear contract details, through the EnergiePentruToti.ro platform. It simplifies the purchase of energy packages, ensures easy payments and legal compliance. Users benefit from real-time production monitoring, extended warranties and transparent collections with clear revenue calculation. Termination or sale options, along with aligned interests, where the company only thrives if the system produces energy, underlines ECITIM’s commitment to maximize returns and minimize risks for partners.

ECITIM estimates the completion of a new photovoltaic park by the end of the year, which will be put up for sale to partners after connecting to the grid, fully functional, not in the project stage, as were all the other projects previously completed.

“Currently, our projects are developed and operate in compliance with the prosumer law. We decided to obtain the license for the commercial exploitation of the energy production capacities in order to prevent possible legislative paradigm changes. At the same time, when the growth accelerated, a resettlement, on new bases, including legislative ones, of the entire business became a strategic objective to continue development at the same pace”, says Stelian Muscalu, arguing ECITIM’s strategic decision of to become an electricity supplier.

The company’s development strategy considers another 8 photovoltaic parks in 2024, which allows it to expand its production capacity and offer, while consolidating its position in the market.