Electrica buys company developing 27 MW photovoltaic project

Alina Oprea
The energy supplier and distributor Electrica has completed the acquisition of the company Sunwind Energy, whose main activity is the production of energy from photovoltaic sources. The company is developing the photovoltaic project "Satu Mare 2", with an installed capacity of 27 MW. The project is in the "ready to build" phase and is located in the vicinity of Botiz commune, Satu Mare county.

Electrica informed the capital market on July 28, 2021, about the signing of the sale-purchase agreement of 100% of the shares of Sunwind Energy SRL.

"According to the commitment we assumed at a strategic level towards our stakeholders, we are continuing the process of expanding the Electrica Group's activity in electricity production from renewable sources. At the beginning of February, we completed the acquisition process of the company developing the "Vulturu" photovoltaic project, and the team's efforts were channeled toward new opportunities in this area of ​​interest. From our perspective, such approaches are not only of particular importance from the point of view of business strategy but have also become a necessity at the industry level. In this sense, the Electrica Group will continue to pursue the expansion of the portfolio in the field of electricity production from renewable sources", said Alexandru Chiriță, Director General of Electrica.

Also, on February 6, 2023, Electrica announced the completion of the acquisition of the company Green Energy Consultancy & Investments, which develops the "Vulturu" photovoltaic project. It has an installed capacity of 12 MWp DC (peak power at the level of the panels), and 9.75 MW AC (dischargeable power in the network) and is located in the Vulturu commune area, Vrancea county.

The transactions are part of the Electrica Group's strategy established for the period 2019-2023, which also considers the expansion of the electricity value chain, especially in the area of ​​electricity production from renewable sources.

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Green Forum  |  15 July, 2024 at 11:00 AM
Green Forum  |  15 July, 2024 at 10:00 AM