Monsson Group to invest in smart grids and energy storage

Newsroom 11/03/2013 | 11:30

Renewable energy developer Monsson Group is aiming to complete wind farms in the near term, and is planning R&D investments in smart grid technology and energy storage equipment, which are seen are the necessary steps for the future development of the local renewable market, according to Sebastian Enache (in picture), business development manager at Monsson Group.

The Romanian developer has a portfolio of 2,400MW of wind projects, out of which 1,700MW are fully permitted.

The group has sold 850MW of wind assets which represent over 40 percent of its operational wind projects, to four companies including power utilities CEZ and STEAG.

The company has also tapped into the growing solar sector, completing a 1MW pilot solar plant in the Dobrogea region of Southern Romania.

Enache believes the growth in energy consumption and good management of the national energy system can sustain higher production from wind. “It all depends on the investments in the transport and distribution of electricity and the implementation of smart grids.

This year we will see strategies changing for the benefit of renewable energy leading to investments, the level of which is at least similar to what has been put in up to now,” Enache told BR. He commented that Romania should strive to maintain its position as one of the ten most attractive destinations for green investments worldwide.

The company plans to become a long-term supplier of services for the green sector. The group employs over 190 people locally.

Ovidiu Posirca

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