The company has secured the approval from China’s Development and Reform Commission (NDRC) for the project development.
NDRC, in its statement, said that 30% of the investment would be provided by the company, while remaining should be gained through credit facilities from banks.
The company entered into the Romanian market through €2.49m acquisition of Sun Graden Colibasi through its subsidiary Lightway Deutschland earlier in March 2013.
The solar projects are aimed towards furthering its expansion in the Eastern European market, reported PV Magazine.
Lightway Deutschland general manager Wei Zhen remarked that the solar projects mark the expansion of the company in the country with the government introducing a series of PV policies.
"Lightway will cooperate with our end investors to win the support; also in Germany, our team will further upgrade for an intensified European PV market competition, including distributed generation market," added Zhen.
