The Competition Council is analyzing the transaction by which Public Power Corporation SA intends to take over the companies that own and operate the first large-scale wind farm built by CEZ (now Evryo) in Romania, from Fântânele-Cogealac, of around 600 MW, as well as other projects in progress. The park is owned and operated by Tomis Team and Ovidiu Development.
PPC acquires projects totaling 629 MW, owned by Felix Renewable Holdings SRL, Tomis Team SA, Ovidiu Development SA, MW Team Invest SRL and TMK Hydroenergy Power SRL, announced the Competition Council. The transaction, already announced last month, involves the takeover of some assets previously owned by CEZ as well as some 145 MW projects and was valued at around 700 million euros.
Public Power Corporation SA, active in the field of electricity production and supply in Greece, is the parent company of several subsidiaries, which operate in Greece, Romania and North Macedonia (PPC Group). In Romania, the PPC Group produces, supplies and distributes electricity, supplies natural gas and provides complementary services.
Tomis Team SA, Ovidiu Development SA and TMK Hydroenergy Power SRL operate electricity production plants from renewable sources with a total capacity of approximately 629 MW. MW Team Invest SRL owns one of the wind farms operated by Tomis Team SA, while Felix Renewable Holdings SRL is a holding company.
