PNE has agreed to sell five solar projects totalling 208MW in Romania to TotalEnergies Renewables.
Under the terms of the deal PNE will remain responsible for further project development until ready-to-build stage is achieved.
Markus Lesser, CEO PNE, said: “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 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 510MW of wind and solar photovoltaic projects.
It has 1GW of projects under development.