The project targets the implementation of the photovoltaic park, of the 110 kV substation for the beneficiary, as well as their operation and maintenance for a three-period from commissioning, with a total contract value nearing EUR19.3 million (excluding VAT)
“The photovoltaic project “Satu Mare 2” has an installed capacity of 27 MWp and is located in Botiz commune, Satu Mare county (…) The next steps in this project is to start the actual construction, Electrica estimating its completion and commissioning by the end of 2024, this objective being part of Electrica Group’s strategy, by expanding on the electricity value chain, in the area of electricity production from renewable sources”, according to Electrica representatives.
EL shares have gained 15% so far in 2024 and 46% in the last 12 months, ensuring a market capitalization of RON4.57 billion. The Romanian State owns 48.8% of Electrica Group through the energy ministry.
In 2023, Electrica had a profit of RON620 million, up 11% on the year, and revenue of RON13.3 billion, down 3.7% on the year.