Portland Trust has sold rights to a 255 MW photovoltaic investment project in Romania’s Corbii Mari commune to Nofar Energy. The deal is worth more than €120 million and is expected to start next year with annual production of 362 GWh. Nofar Energy is an Israeli company with a portfolio of operational and renewable energy projects under development in Romania, including the country’s largest photovoltaic plant. Portland Trust is also involved in other major solar power investments in Romania, including the Vişina photovoltaic system and the Otenia 1.5 GW solar power scheme. The deal is expected to support Romania’s national decarbonization strategy.