Foton Power Energy SRL developsthe photovoltaic project company “Bihor 1”, with an authorized installed capacity of 77.525 MW, located near Oradea city. The project is at the “ready-to-build” phase.
„The transaction in question is in line with Electrica Group strategy, which envisages the expansion in the value chain of electricity, especially in the power production from renewable energy sources,” reads Electrica report.
Electrica for H1/2024 reported RON4.7 billion operating income, down 29%, and RON102 million net profit, RON40 million below the level of H1/2023.
The company has a RON4.8 billion valuation as its shares have gained 47% in the past year.
(English version by Catalina Apostoiu)