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Türkiye’s largest conglomerate, Koc Holding, has signed an agreement with Romania-based Waldevar Energy for a major solar power plant project, Romanian sources reported.
The project will be built in the town of Niculesti near Bucharest and is expected to add at least 200 megawatts-peak (MWp) of capacity, according to news outlet profit.ro.
The planned facility follows Koc Holding's subsidiary Entek Elektrik’s acquisition of two Romanian companies that hold the required development rights for the project in early 2025, involving Eco Sun Niculesti and Euromec-Ciocanari, both previously owned by U.K.-based Econergy International Limited.
The deal marks Entek Elektrik’s first step into the Romanian energy market, extending its renewable energy footprint beyond Türkiye, where it currently manages 490 megawatts of installed capacity.
Founded in 2004 as a subsidiary of Tupras, the country’s largest oil refinery company, Entek is an electricity producer that now operates as Koc Holding’s dedicated renewable energy arm. The company manages a diversified portfolio that includes wind, hydroelectric and natural gas plants across Türkiye.
Waldevar Energy is a Romanian renewable energy company specializing in the design, engineering, procurement, construction and maintenance of solar power projects. Founded in 2011, the firm operates as a full-service contractor for utility-scale ground-mounted and floating photovoltaic plants, providing support across all phases of development from initial feasibility and technical design to commissioning, operations and long-term maintenance.
Koc Holding is also one of the leading foreign investors in Romania, with a portfolio valued at around €900 million ($1.06 billion) across industrial sectors such as home appliances and automotive manufacturing.
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