Alive Capital Acquires 23 MW PV Project
Alive Capital bought Da Vinci New Project, a project company that owns a photovoltaic plant of about 23 MW.
“We inform about the completion of the acquisition procedure of 100% of the social shares of Da Vinci New Project S.R.L (‘Da Vinci’). Da Vinci is in the midst of developing a photovoltaic park located in the town of Nanov, Teleorman County, with a maximum capacity of 23.1 MW and owns the surface rights over two plots of land of 80,000 sq m and 167,500 sq m, respectively, on which build the park. On 20.11.2023, the contract for the assignment of 100% of Da Vinci’s social shares was signed, and starting from this date, Alive Capital S.A. becomes the sole associate,” according to a report sent to the Bucharest Stock Exchange.
Vlasceanu & Partners has advised Alive Capital for the acquisition of Da Vinci New Project. The legal support encompassed a thorough due diligence process for the project, along with comprehensive assistance in drafting, negotiating, and finalizing the transaction documents, including their subsequent registration.
“We are delighted to have collaborated with Alive Capital on this venture, alongside their experienced team. Together, we successfully concluded the transaction within a remarkably short timeframe, effectively addressing the requirements of all involved parties. We anticipate the swift construction and energization of this project, contributing to a heightened share of green energy in the Romanian energy market,” Loredana Vlasceanu, the partner coordinating the project, noted.
The legal team engaged in both the due diligence and M&A phases comprised Loredana Vlasceanu (Partner), Raluca Spinu (Partner), Dan Oltean (Managing Associate) and Andrei Popovici (Associate).
Nanov PV Plant is a photovoltaic power plant project to be developed in the southern part of Romania, on a land with a total area of 247,500 square meters, on which a number of 42,012 photovoltaic panels capable of generating a power of 23.106 MW will be located.
