RGREEN INVEST, Renalfa Form JV to Build EUR 800 Mn Hybrid RE Projects in Europe
RGREEN INVEST and Renalfa Solarpro Group have agreed to establish a new joint venture, Renalfa Power Clusters, committing EUR 200 million in equity to develop an EUR 800 million pipeline of hybrid renewable energy projects in Romania and Poland.
March 11, 2026. By Mrinmoy Dey
The new venture builds on the scale and success of the partners’ first joint venture, Renalfa IPP. The new company will deploy next generation technologies for renewable power generation, storage and dispatch, the company stated. It will deliver demand side optimisation solutions for low carbon industries and data centres, leveraging long duration battery energy storage system (BESS).
Nicolas Rochon, Founder and CEO of RGREEN INVEST, said, “Over the past five years, our partnership with the Renalfa team has demonstrated that Europe, and Eastern Europe in particular, can be a fertile ground for innovative business models and advanced financing and risk‑management frameworks.”
He further added, “Renalfa IPP has evolved into one of Europe’s leading platforms deploying long‑duration BESS to integrate large‑scale renewables and deliver competitive green baseload products to the market. With RPC, we are taking this ambition to the next level.”
Ivo Prokopiev, CEO of Renalfa, said, “We are thankful to our partners from RGREEN INVEST for supporting unorthodox ways of investing in renewables. Our philosophy has always been that investors in energy transition should not try to shy away from risks and volatility related to renewables, but understand and manage them by applying new business models and the latest technologies.”
He further added, “Most of the people don't talk about it, but we are in the midst of the electrification revolution. It is not noisy and is purely market based. It isn't dependent on policy instruments, that's why it is irreversible. There is a learning curve on how to apply batteries and optimise technologies in the different use cases of economic activity. The banks and the capital markets started to see the opportunity, and I expect more financing to be available for competitive merchant projects.”
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