May 20 (SeeNews) - The Romanian arm of French electric utility company Engie said on Thursday that it has completed the acquisition of a 5.46 MWp operational photovoltaic park from a company owned by two German investors.
The transaction is a new step towards the expansion of the company's installed capacity for renewable energy production, both through organic growth and acquisitions, Engie Romania said in a press release.
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The value of the deal was not disclosed.
Located in the village of Nenciulesti, in the southern county of Teleorman, the solar park was put into operation in 2014 and has since produced some 42 GWh, the equivalent of the annual electricity consumption of 25,000 households.
"We are pleased to complete this acquisition and, at the same time, eager to see it followed by other developments in the green energy area, which will help us build a strong position in the centralized renewable energy sector," Engie Romania president and CEO Eric Stab said.
Engie Romania currently operates 113 MW of wind and photovoltaic capacities. Prior to this acquisition, the company was active in renewable energy with two wind farms, with an installed capacity of approximately 100 MW, located in Braila and Galati counties, and through a 9.3 MW solar park in Harghita, which it acquired in December.
The Engie Group is present in Romania in natural gas, electricity and energy services.
Engie Romania is the main subsidiary of the French group in Romania and owns the companies Distrigaz Sud Retele, ENGIE Servicii, ENGIE Building Solutions, Alizeu Eolian and Braila Winds, serving a total of 1.9 million customers.
Engie Romania SA (formerly known as GDF Suez Energy Romania SA) is among the biggest companies in SEE. You can download our SEE Top 100 ranking
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