Czech utility ČEZ buying RWE’s solar PV plant developer Belectric

German energy company RWE is selling solar PV plant developer subsidiary Belectric to Czech state-controlled utility ČEZ, Germany’s competition regulator said.

ČEZ had applied for regulatory approval on November 11 to take full ownership of Belectric, a 100% subsidiary of RWE Renewables that focuses on utility-scale solar power plants and energy storage systems.