In June 2010 Mid Europa acquired a strategic stake in Energy 21, the largest independent developer and operator of solar power (photovoltaic) plants in Central and Eastern Europe. At the time of the acquisition, Energy 21 had in the Czech Republic an installed generation capacity of 26 megawatts and a further 75 megawatts in development.

The company is in the process of further growing its local market asset base and is evaluating opportunities to expand into other CEE renewable energy markets. Mid Europa has committed to inject up to €60 million of capital to fund the development of the Company’s projects in 2010, and intends to further increase exposure to the renewable energy sector in the Region in the medium term.
 

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