Romania's Hidroelectrica seeks to acquire 131 MW solar power plant project

• State-owned Hidroelectrica is trying to find a lawful professional to help the procurement of a 131 MW photovoltaic project in Argeș County from Portland Trust. The hydropower plant driver is expanding its portfolio after stopping working to purchase ČEZ's properties in Romania.

Hidroelectrica has actually announced a public ask for a legal consultant to help it in the process of taking over a real estate investor and property administration company's solar energy project in Rătești in Argeș county near Bucharest. Portland Trust Renewables 1 already has a grid link license for the intended 131 MW solar plant and the Romanian state-owned hydropower plant driver noted the photovoltaic system would certainly span 170 hectares.

Photovoltaic or pv system seen coming online in 2022

The counsel will be entrusted with conducting due diligence and also validating car loan and also warranty contracts, the documentation reveals. The nation's transmission system driver Transelectrica estimates the solar power project that Hidroelectrica aims to purchase would certainly become functional next year.

The nationwide hydropower plant operator previously taken on a method to expand its portfolio while maintaining its power production assets 100% environment-friendly. The very first major action was to obtain the 108 MW Crucea Nord wind ranch in Dobruja from Essen, Germany-based Steag. The Competition Council of Romania authorized the transaction in February.

Hidroelectrica concurs EUR 254 million financing bundle

Hidroelectrica has a 6.5 GW portfolio of energetic nuclear power plant, making it the most significant electrical power producer in the country. Its earnings leapt 4.8% to EUR 295 million last year, though with a dive in profits. Hidroelectrica runs 209 hydroelectric power plants. Its stock market listing has been put on hold last year ago as a result of the coronavirus pandemic influence.

In other information, BRD-- Groupe Société Générale has actually just approved a EUR 254 million funding offer for Hidroelectrica over 7 years. The financial institution said it is the largest bilateral finance in the field up until now in Romania.

Of note, Macquarie's arrangement to purchase ČEZ's electricity distribution, energy supply as well as operational renewable resource portfolio in Romania has actually just been finished. Hidroelectrica participated in the quote.