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Nov 24, 2022 10:57 EEST
November 24 (SeeNews) - Austria-based renewable energy company Enery Power Holding said it has successfully completed the acquisition of a portfolio of six renewable energy assets in Romania, with a total installed capacity of 81 MWp, from Canadian renewable energy company Jade Power Trust.
The acquired portfolio comprises two on-shore wind parks, two solar photovoltaic assets and two hydroelectric power plants, Enery said in a press release on Wednesday.
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All assets are operating under the local green certificate scheme and were commissioned between 2011 and 2014.
The portfolio will be selling the majority of its energy and green certificates production under long-term offtake agreements with the largest industrial enterprises in Romania.
The transaction further strengthens Enery’s presence in Romania adding to the company’s recent acquisition of five solar PV in Romania successfully completed in September. With this latest acquisition, Enery’s total operating portfolio grows to 273 MW with the total production increasing to 375 GWh.
In a separate press release, Jade Power Trust announced on Wednesday the sale of its renewable energy asset portfolio for a total 70.3 million euro ($72.4 million), according to conditions set in a purchase-sale agreement signed in September.
In September, Jade Power Trust announced it has entered into a binding share sale agreement with Enery to sell all of its renewable energy operating assets in Romania and the Netherlands for 71 million euro.
Enery has agreed to acquire all of Jade Power's wholly-owned Romanian subsidiaries, namely Transeastern Hidroelectrica Del Ucea and Transeastern Rott Energy, as well as all of its equity interests in subsidiaries Power LIVE One, Rott Energy, Zagra Hidro, Corabia Solar, Holmron Renewable Energy and East Wind Farm, Jade Power Trust said at the time in the release. The acquisition includes Jade's wholly-owned Dutch subsidiaries Transeastern Power Cooperatief U.A. and Transeastern Power B.V.
Vienna-based Enery has operations throughout the Czech Republic, Slovakia and Bulgaria, producing almost 375 GWh of clean electricity, supplying almost 170,000 households.
Through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, Jade Power Trust has been formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad.
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