4P Renewables is a company specialized in developing utility-scale renewable energy projects, focusing on solar, wind, and energy storage systems. The company operates primarily in Romania, contributing to the country’s renewable energy landscape.

Currently, the company has a project portfolio of 950 MW in renewable energy and storage at various stages of development, with over 600 MW already securing grid connection. “Once operational, these projects are expected to generate over 1,200 GWh of renewable energy annually,” the company states.

While 4P Renewables focuses on solar photovoltaic and wind energy, it is also investing in battery energy storage systems (BESS) and hybrid projects.

“These technologies enhance grid stability and facilitate the integration of renewable energy sources. They provide greater energy reliability and participation in ancillary services markets,” the company explained in a conversation with Energía Estratégica España.

However, the company highlights the existence of regulatory challenges and emphasizes the need to secure financing and ensure technological compatibility with existing infrastructure.

4P Renewables manages the entire development process, from greenfield projects to the “Ready to Build” (RTB) stage. Their key services include:

• Developing proprietary projects with a focus on maximizing local potential.
• Managing projects for international investors, ensuring technical and economic efficiency.
• Overseeing the transition from RTB to active operation.
• Providing technical due diligence, with an emphasis on grid connectivity, design, and permitting.

Looking ahead, the company plans to progress in executing its first projects and securing grid connections for its development portfolio. In the long term, it aims to increase operational capacity and explore innovative technologies such as BESS energy storage and hybrid systems.

“Our commitment is to integrate storage solutions that enhance energy reliability and open new opportunities in ancillary services markets,” the company stated. However, they acknowledge significant challenges, such as regulatory obstacles and technological compatibility with existing infrastructure.

Romania’s Renewable Energy Market

The company emphasizes that Romania’s renewable energy market is experiencing significant growth, driven by “favorable policies and increased investments.” However, they stress the importance of expediting permitting processes, modernizing grid infrastructure, offering financial incentives, and promoting public-private partnerships as essential steps to strengthen the sector.

“Investing in storage and improving the electrical grid are priorities to achieve deeper penetration of renewable energy,” 4P Renewables affirms.