Electrica Expands Renewable Portfolio with 57-MW Solar Acquisition

• Electrifying move: Electrica acquires 57-MW solar project in Romania, boosting renewable energy portfolio and solidifying market position.

Romanian utility Electrica has purchased a 57-MW solar project in northwestern Romania from New Trend Energy for EUR 3.25 million. The project, located in Doba, Satu Mare county, is in the shovel-ready phase and is owned by a special purpose vehicle developed by Romanian businessmen Emanuel Muntmark and Catalin Mrejeru. The acquisition aligns with Electrica's strategy to expand its services in renewable power generation and across the electricity value chain.

The transaction, initially agreed upon in the summer of 2021, solidifies Electrica's position in the Romanian energy market, where it currently serves approximately 3.8 million customers. The solar park in Doba represents a significant step towards the company's goal of increasing its presence in the renewable energy sector.

What is Electrica's latest move in the Romanian solar energy market?

• Electrica has purchased a 57-MW solar project in Doba, Satu Mare county, Romania from New Trend Energy for EUR 3.25 million.
• The project is in the shovel-ready phase and is owned by a special purpose vehicle developed by Romanian businessmen Emanuel Muntmark and Catalin Mrejeru.
• The acquisition aligns with Electrica's strategy to expand its services in renewable power generation and across the electricity value chain.
• The transaction was initially agreed upon in the summer of 2021.
• This move solidifies Electrica's position in the Romanian energy market, where it currently serves approximately 3.8 million customers.
• The solar park in Doba represents a significant step towards Electrica's goal of increasing its presence in the renewable energy sector.