“New Trend Energy SRL develops the photovoltaic project company “Satu Mare 3”, with an authorized installed capacity of 57 MW, located near Doba locality, Satu Mare county. 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.
Electrica informed the capital market on July 28, 2021 regarding the signing of the sales and purchase agreement for the acquisition of 100% of the shares in New Trend Energy SRL project company,” Electrica said.
In 2021, Electrica announced in a report it had signed a number of agreements with the two entrepreneurs, among which one about 100% in New Trend Energy SRL for an estimated price of EUR3,245,000. The final price was to be set by adjustment of the total estimated price with the authorized production capacity based on a formula set in the contract, the company said at the time.
(English version by Loredana Fratila-Cristescu)