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TenarisSilcotub Finishes Building a 20 MW Solar Park Directly at the Steel Plant in Călărași for Self-Powering Operations

Romanian pipe producer TenarisSilcotub concludes construction on its inaugural renewable energy facility, a 20 MW solar park, funded by a $21.5 million investment from the company itself. Financing for the project was sourced from both internal and external sources.

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TenarisSilcotub Finishes Building a 20 MW Solar Park Directly at the Steel Plant in Călărași for Self-Powering Operations

Get ready to hear some fantastic news from Romania! TenarisSilcotub, the country's leading small-diameter seamless pipe manufacturer, has taken a giant leap towards sustainability. They've officially completed construction on their groundbreaking 20 MW photovoltaic park - a green achievement made possible by an impressive $21.5 million investment.

Mihaela Popescu, Tenaris' Eastern Europe, North Sea, and Sub-Saharan Africa president, shared her enthusiasm, "This investment is a testament to our unrelenting dedication to staying competitive in the European and global markets, especially considering the skyrocketing energy prices that have hit consumers hard, particularly in Romania. Not only does this project help us offer our customers eco-friendly products, but it also actively aids in transitioning to a cleaner energy landscape."

TenarisSilcotub's solar energy powerhouse was funded through two sources: company funds and non-reimbursable European grants from the National Recovery and Resilience Plan. These grants, part of the Pillar I - Green Transition - Component C6. Energy, support investments in solar and wind energy production capacities [1][2]. This power-packed installation will primarily supply energy for the steel plant's internal consumption, thereby streamlining the production process and fostering a more eco-conscious approach.

As Popescu further explained, the support from national and local authorities played a vital role in the project's success. She smiled, "This partnership paved the way for implementing this innovative, sustainable solution."

With the new solar energy facility humming away, the steel plant will see a marked reduction in carbon dioxide emissions, bringing them one step closer to their ambitious 30% emissions reduction target by 2030, compared to 2018 levels. This commitment also involves the increased use of scrap metal and alternative materials, driving a steel production process with up to 98% recycled content [3].

Project details:Title: Sustainable Development of SILCOTUB SA through High-Performance Investments in Renewable Energy SourcesFinancing Contract No.: 173/30.12.2023

  • Total Value of the Financing Contract: 96,943,052.60 RON (including VAT)
  • Eligible Value (excl. VAT): 40,603,449.24 RON
  • Maximum Non-reimbursable Amount (excl. VAT): 29,088,180.00 RON
  • Own Contribution: 67,854,872.60 RON

TenarisSilcotub, a subsidiary of the global Tenaris group, boasts over 40 years of Romanian manufacturing history. They specialize in producing small-diameter seamless pipes for the energy sector and various other industrial applications. With an annual turnover of $840 million and a workforce of more than 1,900 employees, TenarisSilcotub runs an integrated industrial system out of facilities in Zalău, Călărași, Câmpina, service centers in Ploiești, Cluj-Napoca, Brașov, Iernut, and Popești Leordeni, and commercial offices in Bucharest [3].

Stay tuned for more exciting strides from TenarisSilcotub as they continue to cement their position as a leader in sustainable innovation!

*This is a Press release.

[1] National Recovery and Resilience Plan (NRRP): https://romania-nrrp.eu/[2] EU Investment Plan for Romania: https://ec.europa.eu/info/business-economy-euro/growth-economy-in-eu/public-investment-eu/eu-investment-plan-romania_en[3] TenarisSilcotub: https://tenarissilcotub.com/

  1. TenarisSilcotub, Romania's leading small-diameter seamless pipe manufacturer, has made a significant stride towards sustainability with the completion of its 20 MW photovoltaic park, a project boosted by a $21.5 million investment.
  2. The renewable energy facility is one of Mihaela Popescu's many green initiatives as president of Tenaris in Eastern Europe, North Sea, and Sub-Saharan Africa, demonstrating the company's dedication to staying competitive and viable in the European and global markets, especially considering the increase in energy prices.
  3. This green venture not only supports TenarisSilcotub's mission to offer eco-friendly products to its customers but also plays an active role in transitioning the energy sector towards cleaner, renewable energy sources.
  4. The implementation of the solar energy powerhouse was made possible through a combination of company funds and non-reimbursable European grants from the National Recovery and Resilience Plan, focusing on investments in solar and wind energy production capacities.
  5. The successful project has garnered attention not only within the renewable-energy industry but also from business leaders and advocates of sustainable living, home-and-garden enthusiasts, and various lifestyle influencers who are passionate about fostering more eco-conscious approaches in finance and business.
  6. With this new solar energy facility now operational, TenarisSilcotub has taken one giant step closer to fulfilling its 30% emissions reduction target by 2030 compared to 2018 levels, setting a commendable example for other businesses in the industry to follow.
Romanian pipe manufacturer TenarisSilcotub finalizes construction of a 20MW solar energy plant, marking their entry into renewable energy production. The venture, costing approximately USD 21.5 million, was primarily funded by the company itself.

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