Țuca Zbârcea & Asociații advises Electrica SA on a EUR 4.2 million deal with Monsson, a major player in the renewable energy market

Romanian company Electrica has signed with Monsson a contract for the sale and purchase of shares in a project company that is developing a photovoltaic park with an installed capacity of 77.5 MW of renewable energy. The transaction concerns the full acquisition of the project company - Foton Power Energy S.R.L., wholly owned by the seller, which is developing the "Bihor 1" photovoltaic project.

The total estimated purchase price is EUR 4.2 million, and the final price will be determined by adjusting the total estimated price according to the authorised production capacity, based on a contractually established calculation formula.

A team of lawyers and tax advisors from the Țuca Zbârcea & Asociații and Ernst & Young respectively advised Electrica group.
Țuca Zbârcea & Asociații deployed a multidisciplinary team of energy, M&A, real estate lawyers led by Partner Sorin Vlădescu, including, among others, Nisa Jecu (Managing Associate) and Raluca Mișu (Managing Associate).

Corina Popescu, General Manager of Electrica, stated: "The acquisition of this significant new project is a reconfirmation of our commitment to the development of the renewable energy production sector, which, in the current market context, is a viable solution. The energy transition can only be achieved through a joint effort, and the Electrica Group has a very clearly articulated strategy in this regard."

The official press release of Electrica group can be found here.