PNE AG sells five solar photovoltaic projects in Romania to TotalEnergies

PNE has successfully agreed with TotalEnergies Renewables SAS on the sale of five photovoltaic solar projects in Romania. The projects under development have a combined total size of 208 megawatt peak (MWp). PNE shall remain responsible for further project development until ready-to-build stage is achieved.

The agreement underscores the trust of PNEs customers in the development towards a "Clean Energy Solutions Provider".

Markus Lesser, CEO PNE AG: “We are delighted that TotalEnergies trusts in our proven expertise in the solar photovoltaic domain. This agreement confirms that PNE’s ‘Scale Up 2.0’ strategy is appealing in the industry. By delivering ready-to-build projects, PNE extends its resilient business model whilst simultaneously enhancing company value.”

"The acquisition of these five solar projects in Romania is a perfect illustration of TotalEnergies’ commitment to develop its renewable energy activities in the country, and more broadly in Eastern Europe, in support of the Green Deal,” said Marin de Montbel, VP Renewable Explorer - New Markets. “The development of these projects allows us to deploy the Company’s expertise in solar power generation and strengthens our presence in Eastern Europe with the acquisition of a portfolio of solar projects in Poland with a total capacity of 200 MW. We ’re proud to become a partner of choice to support Romania in diversifying and decarbonizing its energy mix from renewable energy.”

The transaction parties have agreed not to disclose the purchase price.

PNE has been active in Romania for over 10 years and successfully developed and sold 510 MW/MWp of wind and solar photovoltaic projects. It currently has 1 GW volume of projects under development.