Jade Power Trust analyzes the sale of its Romanian assets

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Jade Power Trust has formed a special committee to explore several “strategic options”, including a possible partial or total sale of operations concentrated in the renewable energy sector in Romania. Another option would be to attract a strategic investor, according to Profit.ro.

Founded in Toronto in 2014, Jade Power Trust (former Transeastern Power Trust) entered the Romanian market in the same year, with the takeover of 11 micro hydropower plants, with a total capacity of 5.1 MW, from the Rott, Zagra and Suha projects, one of the sellers being the company Romenergo. Canadians continued to invest in Romania in photovoltaic and wind projects, and in 2017 they bought from OMV Petrom the Dorobanțu wind farm, with a capacity of 45 MW, for which they paid 23 million euro.

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