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February 1, 2023
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PwC Romania assisted Rezolv Energy in closing two new renewable energy deals in Romania

A team of consultants specialized in transactions from PwC Romania provided financial and tax due-diligence services, transaction support and tax structuring services to Rezolv Energy in two new deals on renewable energy in Romania, projects with a combined capacity of over 1.000 MW.

It is about the majority stake at Low Carbon, which is developing two onshore wind farms in Adamclisi and Deleni (Constanta county), and the takeover of Vis Viva wind farm in Buzău.

PwC Romania also assisted Rezolv in the acquisition of the 1.044MW solar park in Arad.

“We are pleased that Rezolv Energy has entrusted us to assist it in all the three transactions closed this year in Romania that marked the company’s entry into the local market. The new projects will contribute to the increase of renewable energy production and, therefore, to the achievement of Romania’s environmental objectives”, said Cornelia Bumbăcea, Partner Deals PwC Romania.

For this transaction, PwC’s team was formed of Cornelia Bumbăcea, Partner PwC România, Andreea Mitiriță, Partner, Andreea Bocioacă, Director, Cristina Fuioagă, Director, Mădălin Manea, Manager, Medina Nicolescu, Senior Consultant, Gabriel Gheorghe, Senior Consultant and Cosmin-Ionuț Pantelimon, Senior Consultant.

”The recent geopolitical and macroeconomic situation has put even more emphasis on energy costs and availability in the broader context of the energy transition, so the need to invest in new renewable energy projects is more than welcome. Rezolv Energy has seen this opportunity and is already in its third transaction in this area”, said Andreea Mitiriță, Partner PwC Romania.

Rezolv Energy is backed by Actis Energy 5, a fund with USD 6 billion of investable capital to accelerate the Energy Transition globally.

 

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