With an installed capacity of 7.5 MW (operational power limited at 6.8 MW), the photovoltaic farm was built between October 2012 and January 2013 and has been delivering electricity into the national grid since February 2013.
The purchase price will be determined at the closing of the transaction, pursuant to the terms of the share purchase agreement.
This transaction is the first step towards the envisaged target of vertical development of Electrica Group by entering the market for electricity generation, in particular from renewable sources, by acquiring wind and/or photovoltaic farms.
Electrica Furnizare, the electricity and natural gas supply division of Electrica Group, has around 3.6 million customers.