Romania: Transeaster Power Trust Canada purchases 9MEUR solar parks

11. August 2015. / SEE Energy News

Transeastern Power Trust, through its subsidiaries in Canada, the Netherlands and Romania, was formed for acquisition of assets in renewable energy in Romania, other European countries and from outside Europe, ensuring a steady cash flow and return on investment.

Transeastern Power Trust completed the acquisition of two solar parks in Romania, from RG Renovatio Group for about 9 MEUR. Price (excluding assumed debt) has a cash component of 4.17 million and 6.812 million for each of the trust units (Trust Units) at 1 Canadian dollar, it is said in a statement of Transeastern.

In order to purchase, Transeastern Power Trust has provided funding of $ 5 million from Sprott Resource Lending Partnership. The two solar parks are operational for over two years.

“The acquisition of the two projects has turned Trust. I grew more than twice the installed power generation capacity. We anticipate that about half of the energy generated will be solar. Diversification reduces risk exposure “, said Director General of Transeastern, Colter Eadie.

Transeastern Power Trust, through its subsidiaries in Canada, the Netherlands and Romania, was formed for acquisition of assets in renewable energy in Romania, other European countries and from outside Europe, ensuring a steady cash flow and return on investment.

In June 2014 Romania Transeastern bought 11 small hydropower plants with an installed capacity of 5.1 MW of projects Rott, Zagra and Suha, one of the sellers being Romenergo, general contractor in the field of energy. One of the board members Peter Lificiu of Transeastern Power Trust is former president of the National Regulatory Authority for Energy.

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