Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...
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HomeSEE Energy NewsRomania: Hidroelectrica’s acquisition...

Romania: Hidroelectrica’s acquisition agreement for Crucea and STEAG Energie

An agreement on the acquisition of the shares held by German STEAG in its Romanian subsidiaries – STEAG Energie Romania and Crucea Wind Farm was signed by Romanian electricity producer Hidroelectrica.

The latter company operates the 108 MW Crucea wind farm, commissioned in 2014. The acquisition is part of the company’s strategy to diversify its portfolio by acquiring other renewable energy production capacities.

Earlier this year, Hidroelectrica, electricity distributor and supplier Electrica and State Energy Management Company (SAPE) placed a joint bid for the purchase of Romanian assets of Czech energy company CEZ. Hidroelectrica is reportedly interested in CEZ’ wind farms, while Electrica is interested in the company’s electricity distribution business. However, CEZ accepted the offer submitted by the Australian group Macquarie Infrastructure and Real Assets (MIRA).

 

 

 

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