Renalfa Group, a clean energy and e-mobility investment group focused on renewable energy generation assets, consolidates its position in the renewable energy sector with a portfolio of over 2 GW in solar (PV), wind, and energy storage (BESS) projects.

According to its founder, chairman, and CEO, Ivo Prokopiev, the company has more than 400 MW of operational assets and is in the process of constructing 800 MW of solar energy along with over 1 GW of energy storage (BESS). Additionally, the group has a substantial late-stage development pipeline, reinforcing its long-term growth strategy.

“Initially, we invested in mono-technology assets such as photovoltaic and wind energy. Now, we are hybridizing existing assets, and all our new projects are hybrids that include battery energy storage systems (BESS),” Prokopiev stated in an interview with Strategic Energy Europe.

He added, “Our goal is to master the conversion of non-dispatchable renewable energy profiles into dispatchable, commoditized electricity products.”

Expansion in Europe and Market Diversification

Renalfa Solarpro Group operates as a fully integrated company covering development, construction, operations, trading, and supply in four markets: Hungary, Romania, Bulgaria, and North Macedonia. The company also has a presence in over 20 EU markets through its EPC business in photovoltaic solar energy and BESS (Solarpro), establishing itself as a leader in renewable energy generation and storage solutions.

Prokopiev explains that “geographical and technological diversification” is essential to adapt to regulatory and market variations. Additionally, the group has ventured into electric mobility through its business units Spark (car sharing) and Eldrive (electric vehicle charging), operating in the Baltics and the Balkans.

Challenges in Project Development and Industry Outlook

Despite the growth of renewables, the sector faces significant challenges in project development. Prokopiev acknowledges that “renewable energy development requires a long-term approach, focus, and support from financial partners.” Regulatory differences, permitting complexities, and competition for financing are some of the key obstacles.

However, Renalfa has successfully overcome these challenges through strategic partnerships and a flexible approach to project financing and execution. The company has also accelerated its strategy of hybridizing existing assets, optimizing generation and storage in an increasingly competitive market environment.

Looking ahead, Ivo Prokopiev sees great opportunities in electrification and the transition to clean energy. According to the CEO, “the direction is clear, although there will be waves of different renewable technologies and political shifts.” Electrification and clean energy will continue to grow despite potential political interventions that may accelerate or delay global trends.

In this context, Renalfa is strategically positioned to adapt to changing market trends. The company expects an increase in energy storage demand, and Prokopiev confirms that investor attention has shifted towards batteries.

Furthermore, he emphasizes that “market saturation with renewables and BESS” will open up new opportunities for Green Hydrogen, a technology that is not currently in the spotlight but “will eventually have its moment.”