Electrica buys proprietor of 27-MW shovel-ready solar project in Romania

• Romanian state-controlled electricity distribution team Societatea Energetica Electrica SA (BSE: EL), better referred to as Electrica, has actually finished up the acquisition of Sunwind Energy Srl, the developer of a 27-MW solar project in northwestern Romania.

The project lorry was purchased from local businessmen Emanuel Muntmark as well as Catalin Mrejeru, Electrica claimed in a declaring with the Bucharest Stock Exchange on Friday. The value of the deal was not disclosed.

Sunwind Energy is establishing the Satu Mare 2 project, which will certainly add 27.1 MW of photovoltaic or pv (PV) generation capacity near Botiz, in Romania's Satu Mare county. The system remains in the ready-to-build phase. Information about the building schedule as well as its planned appointing were not readily available in the press statement.

The procurement, which was at first concurred in July 2021, is straightened with Electrica's 2019-2023 technique to expand its procedures in the power generation industry and also renewable resource in particular. The acquisition begins the heels the February purchase of Green Energy Consultancy & Investments SRL, which holds the rights to a 12-MW DC/9.75-MW AC solar project in eastern Romania's Vrancea area.