SNGN Romgaz SA (BVB:SNG) is looking for acquisitions. Romanian natural gas producer Societatea Nationala de Gaze Naturale Romgaz SA (Romgaz) is looking to acquire renewable energy projects with a shovel-ready status and a combined capacity of up to 100 MW. As part of its sustainable development programme, the company intends to purchase solar photovoltaic (PV) assets deploying mono or polycrystalline silicon technology and/or wind power generation schemes.

According to a call for projects, Romgaz will buy schemes of between 35 MW and 100 MW in total. During the 2021-2030 period, Romgaz has committed to adding 180 MW of renewable power generation assets to its fleet, a third of which is set to come from a 60-MW solar park. Local media reported last month that the natural gas company will start building a 41-MW solar PV farm this year and supposedly tap the market to buy up to 200 MW of wind or PV projects.