Chinese photovoltaic panels producer Renesola entered the Romanian market by acquiring Romanian company Lucas Est, which runs a photovoltaic park in the country, according to Wolf Theiss law firm, which assisted the buyer.

Renesola is currently involved in due diligence and several acquisitions in Romania, according to the law firm.

The value of the recent deal was not announced. Lucas Est runs the Dumbrava photovoltaic park in Prahova county, on some 14 hectares of land. The project is at an advanced state of development and most likely the photovoltaic plant will start producing energy and be connected to the national grid by the end of the year.

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