Entek Elektrik, a Turkish company specializing in renewable energy, has entered the Romanian market through the acquisition of two key assets from Econergy International Limited. The deal includes the takeover of Eco Sun Niculesti, which holds a license for a 214.26 MW solar power plant currently under development, and Euromec-Ciocanari, which owns the land designated for the project. The transaction, valued at 32.9 million euros, is set to be finalized by January 31, 2025, pending regulatory approvals and the acquisition of necessary construction permits.
Entek Elektrik is a subsidiary of TUPRAS, Turkey’s largest industrial company and the seventh largest refinery in Europe. Established in 1995, Entek operates across various segments of the energy sector, including electricity generation, trading, and solar energy investment solutions. With a portfolio that is now approximately 80% focused on renewable energy, the acquisition marks a significant step in Entek’s expansion strategy and solidifies its presence in the Romanian energy market.
