PRESS RELEASE

  • Electrica announces an important step towards implementing the Group's strategy, by acquiring a 207 MW renewable energy portfolio from Monsson

BUCHAREST, July 28 - Electrica Group announces the achievement of another important step towards the implementation of the group's strategy of upstream integration of activities, by investing in electricity production capacities from renewable sources.

Today, sale-purchase contracts of social shares were signed with Monsson in three project companies that develop a portfolio totaling 207MW of renewable energy, consisting of two photovoltaic parks in the Satu Mare area and a wind farm in the Dobrogea area. In this transaction, Electrica Group was assisted by a team of consultants from the law firm Țuca, Zbârcea & Asociații together with Ernst & Young, while Monsson was assisted by Berechet Rusu Hiriț.

Statement Corina Popescu, General Manager of Electrica SA: "The ambitious environmental objectives of the European Ecological Pact can be achieved through a sustained effort of the players in the industry. The acquisition of the 3 projects comes to reconfirm the commitment of Electrica Group towards the development of the electricity production sector from renewable resources, representing, at the same time, an important step towards the implementation of the Group's general growth strategy ", said Corina Popescu, General Manager Electrica SA.

Statement Sebastian Enache, Monsson: "We are pleased to participate with Electrica in writing a tab on the recent history of renewable energy in Romania," said Sebastian Enache, Bussines Development Manager Monsson.

_________________________________________________________________________________

Electrica Group is a key player in the electricity distribution and supply market in Romania, as well as one of the most important players in the energy services sector.

Electrica Group provides services to over 3.8 million users and has national coverage - with subsidiaries in three areas for electricity distribution: Transilvania Nord, Transilvania Sud, Muntenia Nord and the entire country for electricity supply and for maintenance and energy services.

As of July 2014, Electrica has become a company with private majority capital, listed on the Bucharest and London stock exchanges. Electrica is the only listed Romanian company in the field of electricity distribution and supply in Romania.

_________________________________________________________________________________

More information about Electrica Group can be found on the company's website www.electrica.ro.

Str. Grigore Alexandrescu, nr. 9, Sector 1, Bucureşti, 010621

Email: comunicare@electrica.ro/Tel: 021.208.59.99/Fax: 021.208.59.98

Attachments

  • Original document
  • Permalink

Disclaimer

Societatea Energetică Electrica SA published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 15:48:23 UTC.