Slovakian sustainable energy solutions provider TESLA Group will produce and operate photovoltaic energy on the rooftops of ELI Parks projects in Romania following a partnership with local industrial and logistic developer Element Industrial.

The first project to be fitted with photovoltaic panels is ELI Park 4 (a new 20,000 sqm building), which will be delivered in Bucharest during the second quarter of 2023.

“This partnership reflects our strategy to develop a sustainable portfolio that will allow our tenants to cover at least 30% of their consumptions from green energy with a direct positive impact on the total occupancy cost,” said Andrei Jerca, Managing Director of Element Industrial.

In his turn, Dušan Lichardus, Chairman of the Board TESLA Group, said: “We are present in Romania’s renewable energy sector development since 2010, currently operating over 20MWp of ground-mounted PV parks and developing an additional 900 MWp in ground-mounted technology. Through this partnership with Element Industrial, we focus on conceptual solar energy innovation for long-term sustainability, which is our key mission.”

He added: “We brought engineering teams of both companies together to optimize the construction of buildings for easy PV rooftop installation before their physical construction. This reduces the costs and time to construct a local power plant, bringing higher safety to the buildings and operational efficiency to the PVs.”

Element Industrial is currently developing a class A logistics park in the Bucharest North West area, adjacent to the future A0 Highway, where, by the end of 2022 will have a 100,000 sqm delivered portfolio. The company aims to have around 200,000 sqm delivered throughout the country by 2023, with new projects in Ploiesti, Bacău and Braila.

Element Industrial is a joint venture between Element Group, founded by Ionuț Dumitrescu, and D Craig Real Estate, the real estate division of the investment fund D Craig Holding, controlled by Sacha Dragic. The CEO of D Craig Real Estate is Anca Damour.

irina.marica@romania-insider.com

(Photo source: the company)