Solar Energy

YEO Technology announces €90 million solar power investment in Romania

YEO Technology Energy and Technology Inc. (YEOTK) disclosed a €90 million solar power plant investment in a notification to the Public Disclosure Platform (KAP). The company revealed a framework agreement with Defic Globe, in which it holds a 51% stake, and a Romanian solar power project developer for the transfer of shares in 12 Special Purpose Vehicles (SPVs) with a total capacity of 117 MWp.

The agreement includes potential Battery Energy Storage System (BESS) integration with a capacity of 85 MW. Share transfers will commence following approval by the Romanian Competition Authority. YEO targets a renewable energy capacity of 1 GW by 2030, aiming to expand its global presence and contracting services.

The SPVs and capacities under the agreement include:

Solar Solution PVP Srl: 14.4 MWp
Nature World PVP Srl: 13.4 MWp
Solstice Solar Energy Srl: 5.3 MWp
Sofia Solar Srl: 14.2 MWp
Heliosphere Energy Srl: 7.1 MWp
Helius Energy Srl: 13.8 MWp
Solis Renewable Srl: 7.2 MWp
Green Hera Solar Srl: 7.2 MWp
Heliodor Solar Innovations Srl: 14.4 MWp
Lena Solar Energy Srl: 7.2 MWp
Atlas Solar Solutions Srl: 6.0 MWp
Aurora Solar Energy Srl: 6.8 MWp

Source: Ekonomist

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