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MORE alongside Premier Energy Group, through Alive Renewable Holding Limited, has acquired its first two new photovoltaic projects in Buzau County, with a total installed capacity of 86 MW and an additional 18-MWh energy storage capacity. The projects also contemplate the development of battery storage.
The acquisition is subject to customary competition clearance and FDI approvals.
Clifford Chance Badea has advised Greek-based Motor Oil Renewable Energy Single Member S.A. (MORE) in the 86-MW deal marking its entry on the Romanian renewable energy market.
Nadia Badea, Head of the Bucharest Energy Practice, says: “Romania is on the radar of high-profile renewable energy investors, and we are glad to contribute to another successful transaction marking the local debut of a regional leading player. This deal adds to a representative Renewable Energy portfolio for our firm, which reflects our strong focus and commitment to the industry, and the local and international expertise that our Bucharest Clifford Chance office brings to clients.”
MORE (Motor Oil Renewable Energy), a subsidiary company of the Motor Oil Group is a leading force in the field of RES, one of the largest RES producers in Greece and one of the most important in Southeastern Europe.
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