The photovoltaic park developed by Portland Trust at Corbii Mari, in Dâmbovița county, has an installed capacity of 255 MW, a significant upscale from the park developed in Rătești, the first in Portland Trust's portfolio, which has a capacity of 153 MW and a total surface of 165 hectares, demonstrating the developer's expertise in managing increasingly large projects in the photovoltaic segment.

The Corbii Mari project was approved in 2023 and from 2024 will inject approximately 362 GWh per year of renewable energy into the national grid. This project will be able to supply energy for around 160,000 households and will reduce the carbon footprint by over 200,000 tones, making it an extremely important pillar of Romania's strategy to reduce carbon emissions and secure green energy production, which is expected to reach 30% of total domestic production by 2030.

"Portland Trust and has diversified its portfolio with large-scale projects in the green energy segment. This new stage in the consolidation of our portfolio in Romania has allowed us to develop the largest photovoltaic park in Romania in record time. The year 2023 marked the acceleration of renewable energy projects in our portfolio, and the transaction of the two projects at Corbii Mari and Rătești underlines that we are one of the few developers who have managed plans on such a large scale", says Florin Furdui, Country Manager Portland Trust Romania.

In total, the projects developed by Portland Trust by this year will produce 444,000 MWh/year of renewable energy, enough to power more than 265,000 households - the equivalent of a city like Cluj or Timisoara - offering an eco-friendly alternative to traditional energy sources.

Nofar is a world leader in renewable energy investments. As of 2020, Nofar is a publicly traded company (TASE: NOFR). Over the past 12 years, Nofar has grown rapidly and steadily, with an extensive portfolio of projects and subsidiaries in 9 territories, 200 employees worldwide and major renewable energy and energy storage projects.

Portland Trust has been an active developer in Romania and Czech Republic for nearly 25 years. It focuses on the development of efficient commercial buildings using the latest technology and local materials where possible. Portland has completed over 850,000 sqm of new space primarily in the office, light industrial, retail and more recently green energy sectors.