MORE Green Energy at INTERSOLAR, Munich: “120 investors, 22 mandates, 2 transactions in an exhibition which marked the international investors interest for Romanian PV sector”

More Green Energy, a leading Romanian brokerage and consulting company active on the Renewable Energy market, successfully exhibited and promoted Romania in INTERSOLAR, the world’s largest fair for the Photovoltaic sector, held in Munich, Germany on the 13^th-15^th of June.

During the meetings held over the 3 days of the exhibition, MORE Green Energywas able to successfully conclude 2 negotiations with major international investors. They refer to the delivery of 2 “turnkey” Photovoltaic projects approved, built, connected to the grid and commissioned, for 1 MW and 3 MW, respectively.

Ilias Papageorgiadis, CEO of MORE Green Energy, stated: “We were expecting a positive result from INTERSOLAR given the tendency of international investors to concentrate on new markets and particularly on Romania, due to the oversaturation of other major markets. However, the reality of the exhibition surpassed even our most optimistic expectations. There were many promising discussions that we will follow through in the weeks to come but, from the information that I am at liberty to disclose, I can say that, aside from the two sealed deals, we have received exclusivity mandates from 11 investors looking for PV projects ranging from 2MW up to 25 MW. We have also received 3 exclusivity mandates for Wind projects (from 5 to 100 MW), 5 for Hydro (0,5 – 30 MW), 1 for Biomass and 2 for Biogas. These are all signs of encouragement not only for our company but also for the entire Romanian Renewable Energy market.”

Over the course of the 3 days of the exhibition, the Romanian company boasted an impressive list of interested investors, numbering more than 120, from 24 countries, such as: Great Britain, France, Germany, Italy, Denmark, Sweden, Norway, and Austria but also from China, India, Singapore, Russia and the United Arab Emirates.

*MORE Green Energy was established in 2009, as part of MORE Group of companies (no. 9 consultancy company in Romania according to Ernst & Young). It is mainly active in the Romanian Green Energy market (collaborating also with companies from Greece and Ukraine). The company has an “one stop shop” approach for investors, offering:

• PV, Wind, Hydro, Biomass and Biogas projects. These are presented once they pass the internal pre due-diligence that we conduct.

• Solutions for construction and ground support.

• PPA and GCPA contracts for securing the investor’s income

• Several afferent services

• “Turnkey” projects, for investors who wish to avoid the development and construction risk, in collaboration with top international companies.

MORE Green Energy offers a carefully selected portfolio of:

- 300 + MW of Photovoltaic projects

- 1.000 + MW of Wind projects

- 60 MW of Hydro, Biomass and Biogas projects

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