A team of transactional consultants from PwC Romania provided financial and fiscal due diligence services to Resolv Energy for the acquisition from Monsson Group of a controlling stake in West Power Investments, which is developing a 1,044 MW solar park in Arad. Rezolv Energy is backed by Actis Energy 5, a US$6 billion investment fund to accelerate the energy transition worldwide.
“We are delighted to have participated in such an important deal for the renewable energy market in Romania, as the Arad project is considered the largest solar park in Europe. We thank our client, Rezolv Energy, for the trust they have placed in us and our colleagues for the activity and professionalism they have shown again,” said Cornelia Bumbecha, PwC deal partner in Romania.
In this deal, the team that provided financial due diligence services was formed by Cornelia Bumbecea, PwC partner in Romania, Andrea Bocioake, director, and Florin Moraru, consultant.
“Renewable energy is one of the sectors that has generated a lot of transactions and investments in recent years, and we believe that the pace will continue, given the impact of the war in Ukraine on the energy sector, as well as the ambitious goals of the EU and, in particular, the member states to reduce of carbon dioxide emissions,” said Andrea Mitirice, partner at PwC in Romania.
The fiscal audit was conducted by a team consisting of Andrea Mitirita, Partner, Cristina Fuyoaga, Director, Madalin Manea, Manager, Gabriel Gheorghe, Senior Consultant, and Cosmin-Ionuc Pantelimon, Senior Consultant.
Source: Hot News RO
Anna White is a journalist at 247 News Reel, where she writes on world news and current events. She is known for her insightful analysis and compelling storytelling. Anna’s articles have been widely read and shared, earning her a reputation as a talented and respected journalist. She delivers in-depth and accurate understanding of the world’s most pressing issues.