Mergers & Acquisitions ·
Nuvve Holding Corp. through its subsidiary Nuvve Denmark ApS entered into a sale and purchase agreement to acquire…
NVVENuvve Holding Corp.
Nuvve Holding Corp. through its subsidiary Nuvve Denmark ApS entered into a sale and purchase agreement to acquire BESS Sibiu SRL, a Romanian company developing a 42 MW battery energy storage system in Sibiu, Romania. The transaction involves an initial purchase price of approximately €420,000 ($480,000) and a potential COD payment of approximately €1,260,000 ($1,440,000) upon receipt of a generation license. Nuvve Denmark also agreed to pay a monthly development fee of €10,000 until the project's commercial operation date or a long stop date. Nuvve Holding Corp. operates in the energy storage and renewable energy technology sector.