Alternus Energy already has solar portfolio of 6.1 MW in Romania. Alternus Energy has agreed to purchase two solar power plants with combined installed capacity of 15.4 MW from Chinese solar project developer ReneSola.
The two solar power plants in question have a combined capacity of 15.4 MW and are located in Costestii din Vale (Dambovita) and Dumbrava (Prahova). The parks are operated by local firms Ecosfer Energy and Lucas East. After the transaction, Alternus Energy will own four photovoltaic parks in Romania, with a total capacity of 21.5 MW.
ReneSola is one of the global leaders in the solar industry. It entered Romania in 2012. In 2014, it announced plans to sell its two solar projects to China Seven Star Holdings Limited, a company listed on the Hong Kong Stock Exchange, but the deal failed.
Alternus Energy owns and operates an EU-based portfolio of solar power plant connected directly to national power grids. The company has operational solar parks in Germany, Italy, Romania and the Netherlands. The company is headquartered in Ireland.