The contract was signed between its subsidiary Sunwind Energy SRL and the Ministry of Energy, as coordinator of reforms and / or investments.
The “Satu-Mare 2” photovoltaic project, with an installed capacity of about 27 MWp, is in the “ready-to-build” phase, is located in the vicinity of Botiz, Satu Mare County and will be connected to the distribution network at a voltage level of 110 kV.
“We remind you that the acquisition of Sunwind Energy SRL was completed on 24 March 2023, Electrica informing investors through a current report (BVB-IRIS Code: 361ED, LSE-RNS Code: 2119U), this falling within the strategy of the Electrica Group, by expanding on the electricity value chain, especially in the area of electricity production from renewable sources”, Electrica said in its report.
The next steps in this project are to organize the competitive procedure for selecting contractors/ contractors and start the implementation phase of the investment.
Electrica has a market value of RON3.2 billion and is 48.8%-owned by the Romanian State, through the Energy Ministry. EL shares have traded 17.4% higher since the beginning of 2023, amid deals worth RON142.5 million, as per stock market data.