Following the transaction, Renovatio Engineering SRL and ÎCS Energo Continent SRL, Moldova, will be owned by Greenvolt International Power SA, Portugal, and RG Renovatio Group Limited, Cyprus.
Greenvolt is part of the Greenvolt Group, a renewable energy producer based in Portugal, operating in biomass, photovoltaic solar energy projects, and decentralized energy production.
RG Renovatio, Cyprus, is primarily engrossed in activities typical for holding companies. The Renovatio Group is developing renewable energy projects, including engineering, procurement, and construction services, asset operation, electricity trading, and consultancy.
Renovatio Engineering SRL is owned by RG Renovatio and mainly operates in electricity production, providing related services and support.
Renovatio Engineering SRL owns ÎCS Energo Continent SRL, Moldova, which is active in electricity production.
“In accordance with the provisions of Competition Law no. 21/1996, this transaction must be authorized by the Competition Council, which will assess it in order to establish its compatibility with a normal competitive environment and will issue a decision within the deadlines provided by law,” the Competition Council has announced.