Romania's Alive Capital takes over 23 MW PV park developer

The park will be located in Nanov, in the southern county of Teleorman, Alive Capital said in a statement last week, without disclosing the value of the transaction.

The PV park will be constructed on two plots of land, measuring 80,000 sq m and 167,500 sq m, respectively, the company said.

Additionally, at the time of signing the share transfer agreement, Da Vinci submitted a project for obtaining funding through Romania's National Recovery and Resilience Plan(NPRR). This funding is intended also for the development of an energy storage system with a capacity of up to 4.62 MW, Alive Capital said.

Founded in 2013, Alive Capital is a Romanian supplier and trader of electricity. It manages 16.35% of all renewable energy producers in Romania, followed by CEZ with 13% and Enel with 11%, according to its website.