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RCS and RDS SA Acquires Solar Energy Company Novitas Electro-Telecompaper Europe


Sunday, 25 Aug 2013 05:00pm EDT 

Telecompaper Europe reported that RCS and RDS SA has acquired solar energy company Novitas Electro which is developing a 4-megawatt project valued at EUR 6.2 million in Bihor county, writes local paper Ziarul Financiar. With this acquisition, RCS and RDS SA takes its portfolio of solar energy parks to seven. These have a total capacity of 23.4 megawatts and required investments of EUR 36 million, according to available information. The acquisition took place in mid-June 2013. Following the transaction, RCS and RDS SA took control over Novitas Electro, a company owned by local entrepreneurs Ms. Carmen Popa and Mr. Valentin Micoriciu, according to data from the Official Gazette. RCS and RDS SA first set foot in the solar energy market at the end of 2012. 

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