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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

 

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Romania's Electrica pays EUR 35 mln for five PV parks with 31 MWp installed capacity

BVB electricity supply and distribution group Electrica (EL) will buy five companies that own and operate photovoltaic power plants for EUR 35 mln (subject to adjustments). The sellers are two companies, MT Project and HiTech Solar Investment, which together own 100% of each of the five target companies, Profit.ro reported.

The five companies own and operate photovoltaic power plants with a total installed capacity of 30.95 MWp, respectively, a total operating capacity limited to 28.89 MW.

The transaction will be financed from a bridge loan in the amount of up to RON 750 million, which Electrica will contract from a consortium of banks formed by Erste Bank and Raiffeisen Bank and/or from the own funds of the Electrica Group.

The five target companies are TCV Impex., ACV Solar Technology, TIS Energy, Delta & Zeta Energy and Gama & Delta Energy.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

 

BSE

 

 

Romania's Electrica pays EUR 35 mln for five PV parks with 31 MWp installed capacity

BVB electricity supply and distribution group Electrica (EL) will buy five companies that own and operate photovoltaic power plants for EUR 35 mln (subject to adjustments). The sellers are two companies, MT Project and HiTech Solar Investment, which together own 100% of each of the five target companies, Profit.ro reported.

The five companies own and operate photovoltaic power plants with a total installed capacity of 30.95 MWp, respectively, a total operating capacity limited to 28.89 MW.

The transaction will be financed from a bridge loan in the amount of up to RON 750 million, which Electrica will contract from a consortium of banks formed by Erste Bank and Raiffeisen Bank and/or from the own funds of the Electrica Group.

The five target companies are TCV Impex., ACV Solar Technology, TIS Energy, Delta & Zeta Energy and Gama & Delta Energy.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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