DEFIC GLOBE, a global energy solutions brand operating under the YEO Group, has signed a strategic partnership agreement with Shanghai Electric Power (SEP) for the development of a 129 MWp solar power plant in Bucharest, Romania. The total investment value of the project is €65.8 million and marks a significant step forward in the group’s European growth strategy.
Major Renewable Investment in Europe’s Energy Transition
The partnership ceremony held between DEFIC GLOBE and SEP represents a long-term commitment to accelerating clean energy transformation in the region. To be located in Bucharest, solar power plant will be a flagship project, further solidifying the YEO Group’s position in the European energy landscape.
As part of the agreement, YEO Teknoloji will deliver turnkey construction, including engineering services, high-voltage substation setup, and the installation of power transmission lines. The construction phase is set to begin in the near term, with operations planned to support both Romania’s and Europe’s climate and sustainability goals.
Toward 1 GW: YEO Group’s 2030 Renewable Energy Target
The Romania project represents a strategic milestone in YEO Group’s roadmap to achieving 1 GW of installed renewable energy capacity by 2030. With more than 400 projects completed across 30+ countries and 3 continents, the group has become a trusted name in sectors including renewable energy, hybrid power, energy storage, transmission infrastructure, and green hydrogen solutions.
Under the banner of its guiding philosophy — “We think it is possible” — YEO Group continues to lead clean energy transformation globally through innovation focused on decarbonization, decentralization, and digitalization.
