Engie Romania acquires 5.46 MWp solar park in Teleorman county

• The Romanian arm of French electric utility firm Engie claimed on Thursday that it has completed the purchase of a 5.46 MWp operational photovoltaic or pv park from a business possessed by two German investors.

The transaction is a brand-new action in the direction of the growth of the company's mounted capacity for renewable energy manufacturing, both via natural development and acquisitions, Engie Romania said in a news release.

The value of the offer was not revealed.

Found in the village of Nenciulesti, in the southerly region of Teleorman, the solar park was taken into procedure in 2014 as well as has since created some 42 GWh, the equivalent of the annual electrical power usage of 25,000 homes.

"We delight in to finish this procurement and also, at the same time, eager to see it complied with by other advancements in the environment-friendly energy area, which will certainly help us build a solid setting in the central renewable resource sector," Engie Romania president and Chief Executive Officer Eric Stab stated.

Engie Romania presently runs 113 MW of wind as well as photovoltaic abilities. Before this purchase, the business was active in renewable resource with 2 wind farms, with a set up capability of roughly 100 MW, located in Braila and also Galati counties, as well as via a 9.3 MW solar park in Harghita, which it obtained in December.

The Engie Group exists in Romania in natural gas, electrical power and power solutions.

Engie Romania is the primary subsidiary of the French group in Romania as well as owns the companies Distrigaz Sud Retele, ENGIE Servicii, ENGIE Building Solutions, Alizeu Eolian and Braila Winds, serving an overall of 1.9 million customers.