Evcil Group, a Turkish engineering-and-energy company specializing in electrical contracting, renewable energy (especially solar), and construction/engineering services, acquired a portfolio of three solar projects with a combined capacity of 15 MW located in Romania, from an undisclosed seller.
Of the three solar projects acquired, two are already operational, while the third is in the ready-to-build stage and has obtained all necessary building permits to begin construction.
The completion of the transactions is subject to customary regulatory approvals. The company did not disclose financial details of the acquisition.
Law firm Dentons advised Evcil Group on the acquisition, providing legal support throughout all stages of the project, including legal due diligence, transaction structuring, drafting and negotiation of the transfer documentation, as well as signing.
Cristian Popescu from Dentons commented, “We are pleased to continue our long-standing collaboration with Evcil Group and to support their strategy of acquiring operational renewable assets, a trend that increasingly shapes the Romanian market.”
In the first nine months of 2025, approximately 29 GW of solar projects were acquired compared to 28.3 GW in 9M 2024, according to Mercom’s 9M and Q3 2025 Solar Funding and M&A report.
In November 2025, JUWI, a wholly owned subsidiary of MVV Energie AG, signed an agreement with Mirova, an asset management firm and an affiliate of Natixis Investment Managers, for the sale of the 156 MW Clover solar project portfolio in Greece. The Clover solar portfolio, developed by JUWI Hellas, comprises four projects located in the regional units of Kozani and Grevena in Northwest Greece.
In 2024, BayWa r.e., a renewable energy service provider, developer, and distributor, acquired the 46 MW White Gate solar project in Constanța county in Southeastern Romania, while DRI, an Amsterdam-based renewable energy company and a subsidiary of DTEK Group, acquired a 126 MW solar project in Văcărești, Dâmbovița County of the country from local developers.
