Electrica said it completed the acquisition of the Stănești solar park in the south of Romania. The power distributor and supplier bought the unit for EUR 1.62 million from Cyprus-based Raylexo Limited and local firm Long Bridge Management si Administrare, according to its regulatory filing. The agreement was announced in June.
The solar power plant has an installed capacity of 7.5 MW and operational power of up to 6.8 MW. The transaction was executed via a subsidiary called Electrica Furnizare, which took over the shares of project firm Long Bridge Milenium.