Slovenian Investment Shift: Alfi Renewables Finds Success Abroad

Alfi Renewables, Slovenia’s largest investor in solar and wind energy, has chosen to invest in Serbia, Croatia, Romania, and Bulgaria instead of its home country. The company cites lengthy permitting processes in Slovenia as the primary reason for avoiding projects there, despite wanting to expand. Alfi Renewables has already deployed a 106 MW wind farm in Serbia and is currently building a 126 MW solar plant in Romania with a 90 MW battery storage system.

The company plans to launch a second fund targeting €300 million in investments, and is in advanced discussions with the European Bank for Reconstruction and Development, International Financial Corporation, and European Investment Fund. Alfi Renewables aims to achieve around 1500 MW of installed capacity with its first and second funds, generating approximately 2.5 terawatt-hours of electricity. They emphasize the importance of long-term power purchase agreements and battery storage to mitigate risks from fluctuating electricity prices and maximize renewable energy output.