Transeastern Power Trust buys two solar parks in Romania for EUR 8.5 mln

Thursday, June 11, 2015

Canadian investment vehicle Transeastern Power Trust has agreed the acquisition of two solar parks in Romania, from RG Renovatio Group, for about USD 9.6 million (EUR 8.5 million), excluding debt. A part of the acquisition price will be paid by issuing trust units at the value of USD 1. However, the trust will obtain, through its subsidiaries, some of the financing necessary for the acquisition from UniCredit Leasing Corporation IFN. “The ...

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Energy & Environment

Thursday, June 11, 2015

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Transeastern Power Trust buys two solar parks in Romania for EUR 8.5 mln
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