ROMANIA —ENNA Solar has signed a share purchase agreement to acquire a 100% stake in CIC GREEN ENERGY MEDGIDIA S.R.L., the Romanian special-purpose company holding development rights for the Medgidia solar power and battery energy storage project. The proposed transaction remains conditional on approval from Romania’s foreign direct investment screening authority and the relevant competition regulators.
Located in Medgidia, Constanța County, the project covers approximately 204 hectares and is planned to include a solar plant with an installed capacity of 166 MWp and a battery energy storage system rated at 612 MWh. Construction is scheduled to begin in the first quarter of 2027, with commercial operation targeted for the first quarter of 2028. Forecast annual electricity generation is 265,932 MWh.
The combination of solar generation and large-scale storage is intended to provide greater flexibility in managing output and delivering electricity to the grid. Storage can help shift solar power to periods when generation is lower and support power-system balancing, although actual performance will depend on operating strategy, grid connection arrangements and market conditions. The project’s scale positions it within Romania’s expanding renewable energy infrastructure pipeline.
The acquisition builds on ENNA Group’s existing activity in Romania. ENNA Solar previously acquired the Mihăilești solar project, which has a planned installed capacity of 87.52 MWp and includes a 140 MWh battery storage system. That project is at an advanced stage of construction, with commercial operation expected in April 2027. Together, the two developments would broaden the group’s exposure to utility-scale solar generation and storage in the Romanian market.
ENNA Group is a Croatian business group with activities that include energy and infrastructure-related investments, while ENNA Solar focuses on renewable energy project development and investment. The Medgidia transaction also reflects a wider market model in which developers acquire projects at an advanced development stage before construction, subject to permitting and investment approvals.
For Romania’s power sector, the project could add renewable generation while creating demand for engineering, construction, grid integration and battery equipment services. Investors and suppliers will need to assess the timing of regulatory clearance, construction execution, grid access and the commercial arrangements for selling electricity and using storage capacity. Until the approvals are secured and the transaction completed, ENNA Solar’s acquisition remains conditional rather than final.
