Green Forum • 20 December, 2024 at 7:28 PM
Premier Energy PLC has announced that its subsidiary, Alive Renewable Holding Limited, has finalized the acquisition of a 90% stake in Development Power Solar Energy SRL.
The company holds the rights to develop a 49 MW DC solar park paired with a 16 MWh energy storage facility in Buzău County, Romania. The announcement was made through a report submitted to the Bucharest Stock Exchange.
The solar project is expected to be completed and become commercially operational in the second half of 2025. The initial agreement for this acquisition was previously announced on June 17, 2024.
In addition, Premier Energy's Moldovan subsidiary, Navitas Energy SRL, has acquired full ownership of Elteprod Wind SRL. This company owns a 16,238 mp plot near Ștefan Vodă in the Republic of Moldova, where plans for an 8 MW wind farm are currently under consideration.