Romania, Enery completed the acquisition of Jade Power Trust’s Romanian assets

, SEE Energy News

Austrian renewable energy company Enery Power Holding said that it has completed the acquisition of the Romanian assets of Canadian-based Jade Power Trust, which consist of six RES facilities with combined installed capacity of 81 MW.

The statement from the company said that the acquired portfolio consists of two wind farms, two solar power plants and two hydropower plants. All of the facilities were commissioned between 2011 and 2014 and operated under Romania’s green certificates support scheme.

In September, Jade Power Trust said that it has signed an agreement with Enery Power Holding on the sale of its RES assets in Romania and the Netherlands for a sum of 71 million euros. Thus, Austrian Enery will acquire all of Jade Power’s subsidiaries in Romania (Transeastern Hidroelectrica Del Ucea and Transeastern Rott Energy) as well as its stakes in subsidiaries Power LIVE One, Rott Energy, Zagra Hidro, Corabia Solar, Holmron Renewable Energy and East Wind Farm.

Also in September, Enery Power Holding said that it has agreed the acquisition of a 36 MW solar portfolio in Romania. The portfolio consists of five solar power plants, commissioned between 2013 and 2014, with annual electricity generation of 41 GWh, located near the cities of Bucharest, Arad and Cluj. The majority of the portfolio’s output is marketed under long-term power purchase agreements (PPAs) with Engie Romania.

With this latest acquisition, Enery’s total operating portfolio increased to 273 MW, with the total annual electricity production increasing to 375 GWh.