Tenaris Inaugurates Its First Solar Park in Romania
Tenaris has inaugurated its first solar energy park in Romania. With a capacity of 20 MW, the project harnesses renewable energy and converts it into electricity through photovoltaic panels, serving as energy source for the steel shop in Calarasi.
The initiative involved a $21.5 million USD investment, 70% of which was funded by Tenaris. The remaining 30% was covered by the European Union’s Recovery and Resilience Plan, which supports investments in solar and wind energy across Europe.
The inauguration event was attended by the State Secretary from the Ministry of Energy Pavel Nitulescu; State Secretary from the Ministry of Environment Cosmin Butuza; Mayor of Calarasi Marius Dulce; representatives of the National Energy Regulatory Authority; Andrei Ungar representing the Prime Minister; the Italian Embassy to Romania; and key customers and partners of Tenaris in Romania.
Mihaela Popescu, President of Tenaris Eastern Europe, North Sea, and Sub-Saharan Africa, highlighted the strategic importance of this investment: “It enables us to offer our customers low-carbon products and actively contribute to the energy transition. We are committed to reducing our environmental footprint. This project will allow us to reduce our indirect emissions and support our customers in their own decarbonization efforts”.
This is one of several renewable energy projects Tenaris has deployed across its global manufacturing network. Other initiatives include solar parks in Italy and China and the construction of two wind farms in Argentina.
Tenaris’s decarbonization strategy
Tenaris is committed to developing long-term sustainable business by reducing their environmental footprint within their communities and value chain, working with partners and peers to address the climate change challenge and transition to a carbon neutral economy.
Tenaris aims to achieve this target by using a higher proportion of recycled steel scrap in the metallic mix, investments to increase energy efficiency, and the use of renewables for part of their energy requirements as well as the development of technologies involving the use of hydrogen and carbon capture.
To accelerate the fulfilment of these targets, Tenaris is implementing an internal carbon price of USD 80/ton for evaluating investments, and more generally in their operations.
About Tenaris
Tenaris is the leading manufacturer of pipes and related services for the world’s energy industry and certain other industrial applications. Their manufacturing system integrates steelmaking, pipe rolling and forming, heat treatment, threading and finishing across 16 countries.
Tenaris also has an R&D network focused on enhancing their product portfolio and improving the production processes.
