REG - Soc EnergElectricaSA - Closing acquisition Sunwind Energy SRL

Societatea Energetica Electrica SAAnnouncement

24/03/2023 16:45

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RNS Number : 2119U  Societatea Energetica Electrica SA  24 March 2023

To:                              Bucharest Stock
Exchange (BSE)

                                    London
Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

 

Current report in compliance with the Law 24/2017 on issuers of financial
instruments and market operations, the Romanian Capital Market Law no.
297/2004, FSA Regulation no. 5/2018 on issuers of financial instruments and
market operations, and the Bucharest Stock Exchange Code

Report date: 24 March 2023

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1(st) District, Bucharest,
Romania

Phone no.: 004-021-2085999

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BSE) and London Stock Exchange (LSE)

 

Significant events to be reported: Completion of the acquisition of the
project company Sunwind Energy SRL

 

Electrica informs the shareholders and investors that, on 24 March 2023, has
completed the acquisition, from Mr. Emanuel Muntmark si Mr. Catalin Mrejeru
the project company Sunwind Energy SRL having as main object of activity the
production of energy from photovoltaic sources.

Sunwind Energy SRL develops the photovoltaic project company "Satu Mare 2",
with a designed installed capacity of 27.055 MW, located near Botiz locality,
Satu Mare county. The project is in the "ready-to-build" phase.

The transaction in question is in line with the 2019-2023 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 28 July 2021 regarding the signing of
the sales and purchase agreement for the acquisition of 100% of the shares in
the Sunwind Energy SRL project company, through the following announcements:
BSE - IRIS code: 80AB5, LSE - RNS code: 8167G

"According to the strategic commitment we made to our stakeholders, we are
continuing the process of expanding Electrica Group's activity in the field of
electricity production from renewable sources. At the beginning of February,
we completed the acquisition process of the company developing the "Vulturu"
photovoltaic project, and the team's efforts were channeled towards new
opportunities in this area of interest. In our point of view, such approaches
are not only of particular importance from the business strategy perspective,
but have also become a necessity at the industry level. In this sense,
Electrica Group will continue to pursue the expansion of its portfolio in the
field of electricity production from renewable sources", declared Alexandru
Chirita, CEO Electrica.

For more information, please contact Electrica at ir@electrica.ro.

 

Chief Executive
Officer

Alexandru - Aurelian
Chirita

 

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