Fiba Group Targets Portfolio of 500 MW in solar, wind and storage in Romania

The Turkish Fiba Group, with businesses in banking, energy, retail, real estate and tourism, present locally since 1997, through Anchor Grup, the developer of Bucharest Mall and Plaza Romania, aims to reach 500 MW in several technologies, within a five-year period. The first 200 MW in solar are already in the works.

“In Romania, we have been present in the real estate sector since 1997, then we took the step towards the banking segment in 1999, and here we want an accelerated growth in the digital area. We have assets of EUR 670 million and 300,000 customers and we want to develop this portfolio,” said Murat Özyegin, Chairman of the Board of Directors, Fiba Group.

“Now we are focusing on the energy market, with an emphasis on solar energy and storage. We have already secured a portfolio of 200 MW in solar energy, which we are finalizing with 106 MW in storage. We estimate the completion of the projects within 18-24 months. At the group level, we have a portfolio of 730 MW, solar and wind, in Turkey, but we want to become a 1 GW company at the regional level,” added Murat Özyegin.

Source: zf.ro