Romanian Developer To Invest In Smart Grids And Energy Storage

Renewable energy developer Monsson Group is aiming to complete wind farms in the near term, and is planning R&D investments in smart grid technology and energy storage equipment, local media reported citing Sebastian Enache, business development manager at Monsson Group. The Romanian developer has a portfolio of 2,400 megawatt of wind projects, out of which 1,700MW are fully permitted, news site Business Review reported. The group has sold 850MW of wind assets which represent over 40% of its operational wind projects, to four companies including power utilities CEZ and STEAG. The company plans to become a long-term supplier of services for the green sector.