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Dec 06, 2023 13:48 EEST
December 6 (SeeNews) - Romanian electricity provider Alive Capital said that it has acquired 100% of the shares of project company Da Vinci New Project, which is developing a solar photovoltaic (PV) park with a maximum capacity of 23.1 MW.
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.
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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.
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