TenarisSilcotub, the leading Romanian manufacturer of small-diameter seamless pipes, announces the completion of construction on its first renewable energy production facility—a 20 MW solar park, developed through a USD 21.5 million investment.
The project was financed through the company’s own funds and with the support of non-reimbursable European funding, provided through the National Recovery and Resilience Plan (NRRP), Pillar I: Green Transition – Component C6. Energy, which supports investments in new electricity generation capacities from solar and wind sources. The electricity generated will be used for internal consumption and will cover part of the steel mill’s annual energy needs, ensuring a more sustainable and efficient production process.
“This investment reflects our efforts to maintain the competitiveness of our products on European and global markets, considering the high energy prices in recent years that have significantly affected energy-intensive consumers in Europe, and especially in Romania. At the same time, it enables us to offer our customers low-carbon products and actively contribute to the energy transition. We have always been focused on reducing our environmental footprint, with our steel mill ranking among the world’s top 15 most efficient steel facilities in terms of CO₂ emissions. This project allows us to set a new standard for sustainable production, support our clients in their decarbonization efforts, and have a positive impact on the environment,” said Mihaela Popescu, President of Tenaris for Eastern Europe, the North Sea, and Sub-Saharan Africa.
“The support received from both national and local authorities was essential to the success of this project, facilitating the implementation of this sustainable solution,” Popescu added.
The use of solar energy will reduce CO₂ emissions generated by the steel mill’s operations, contributing to the company’s goal of a 30% reduction by 2030 compared to 2018 levels. This effort also includes the use of scrap and alternative materials, enabling steel production with 98% recycled content.
Project Title: Sustainable Development of SILCOTUB SA through High-Performance Investments in Renewable Energy
Funding Contract No.: 173/30.12.2023
General Objective of the Project: To produce energy from renewable solar sources by installing new renewable energy production capacities (with a nominal power of 19.8 MW, or 21.216 MWp).
Total Value of the Funding Contract: RON 96,943,052.60 including VAT, of which:
-
RON 40,603,449.24 (excluding VAT) – total eligible amount
-
RON 29,088,180.00 (excluding VAT) – maximum non-reimbursable funding
-
RON 67,854,872.60 – own contribution