Subsidiaries

PROJECT COMPANIES  CAPACITY (MWp) COUNTRY   CAPITAL RATIO FOR SHAREHOLDER
DEFIC Globe B.V. Holland 100
DEFIC Italy S.R.L. Italy 100
DEFIC Globe S.R.L. Romania 100
Aninosa 1-2-3 Solar Solution PVP SRL                     22,22 Romania 100
Barca Eos Solar Solutions Srl                      4,50 Romania 100
Bobicesti 1-2 Green Energy PVP S.R.L.                     14,11 Romania 100
Bobicesti 3 Ecosun Solar S.R.L.                      7,24 Romania 100
Bressana* Yiltun Energy S.R.L.*                      7,40 Italy 100
Caracal Future PV S.R.L.                     18,00 Romania 100
Deveselu /Bolbosi Solis Renewable Srl                      3,08 Romania 100
HUSNICIOARA 1-2 Solaris World Energy Srl                     15,03 Romania 100
Iancu Jianu 1-2 Helius Energy SRL                     13,76 Romania 100
Licata* RB SOLAR ENERGY S.R.L.                     68,00 Italy 100
Ostroveni Atlas Solar Solutions SRL                      6,35 Romania 100
Racalmuto* Tolalp Energy S.R.L.                     39,00 Italy 100
Racari Filiasi Services STL S.R.L.                   127,50 Romania
STOENESTI Sol Verde Photovoltaic Srl                      4,50 Romania 100
Turceni 2 Nova Solar Systems S.R.L.                     68,20 Romania
Valcea Green Energy George S.R.L.                      7,20 Romania 100
Valea Mare 1-2 Aurora Solar Energy SRL                     15,03 Romania 100
Vanju Mare 1-2 Heliodor Solar Solutions SRL                     15,03 Romania 100
Vanju Mare 3 Lena Solar Enrgy SRL                      7,51 Romania 100
Caracal 1-2 Nature World PVP SRL                     13,40 Romania Joint Venture 50
Caracal 3 Solstice Solar Energy SRL                      4,98 Romania Joint Venture 50
Filiasi 1-2 Sofia Solar Energy SRL                     14,09 Romania Joint Venture 50
Filiasi 3 Heliosphere Energy SRL                      7,19 Romania Joint Venture 50
Teslui Green World Solar SRL                     72,00 Romania Joint Venture 50
Macesu Light Renewables S.R.L.                     64,62 Romania Joint Venture 25
Turceni Luce Verde S.R.L.                     64,39 Romania Joint Venture 25
Dobrun Energie Soleil SRL                     63,42 Romania Joint Venture 35
Dobrun RB Solar Energy S.R.L.                     64,40 Romania Joint Venture 35
Sadova Solar World SRL                     61,93 Romania Joint Venture 35