The new entity is organized as a joint stock company, subsidiary of Electrica, in which Electrica holds 99.9920% and Societatea Filiala de Intretinere si Servicii Energetice Electrica Serv S.A. 0.0080% of the share capital.

The new company will buy and develop renewable energy generation projects, i.e., energy generation facility operation along with development and operation of independent storage solutions the company intends to develop in the future.

(English version by Loredana Fratila-Cristescu)