The main activity of Foton Power Energy SRL is the production of energy from photovoltaic sources. Foton Power Energy SRL is developing the 'Bihor 1' photovoltaic project with an authorized installed capacity of 77.525 MW, located near the city of Oradea. The project is in the 'ready-to-build' phase. The transaction aligns with the Electrica Group's strategy, which includes expanding the electricity value chain, especially in the production of electricity from renewable sources.

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The transaction in question is in line with Electrica Group strategy, which envisages the expansion in the value chain of electricity, especially in the power production from renewable energy sources.

Electrica informed the capital market on 7 December 2021 regarding the signing of the sales and purchase agreement for the acquisition of 100% of the shares in Foton Power Energy SRL project company.