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one of the leading tax and audit companies in CEE

TPA Horwath: Solar Power Plant in Romania
2010-12-21

TPA Horwath is providing consulting services to start a new company developing solar power plant in Romania

Office Profile

TPA Horwath is a leading tax advisory and audit company in Austria as well as Central and Eastern Europe. They employ more than 960 staff in 25 offices in Austria, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia and Slovenia. In addition to tax consulting, TPA Horwath offers management + corporate finance consulting and technology + EU Consulting in Austria + the CEE Countries.

The Project
is an 8 MW solar power plant in Romania for total costs of approx. 24 Mio €. Building of the solar plant will start in November 2011, ready for operation in March 2012.

The Client
Garber SOLAR is an Austrian company specialized on feasibility, planning and implementation of solar power plants, using gears for automatic optimization of solar panels to follow the changing position of the sun. Garber SOLAR uses SOLON Hilber Technology (Austria). Garber Solar is currently developing solar power plants in Austria, Romania and Bulgaria.

The Challenge
The EU country Romania offers significant National Subsidies (70% subsidies for SMEs) for the realization of Alternative Energy Projects. The Call for Applications is published only in Romanian language. The application is approx. 200 pages, only in Romanian language. Many “formal criteria” are critical to meet, otherwise the application fails at step 1.

The Services
TPA Horwath is providing consulting services to start the new company in Romania, support the financial + technical planning, prepare the application for Romanian subsidies (=70% of project costs); technical licenses, etc.

Country	Romania
Customer	Garber SOLAR
Duration	2010 -
Status	ongoing
Volume	EUR 24 mio

Project information (PDF)

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