The transaction of the moment on the energy market in Romania has already been announced. A giant has made a multi-million euro acquisition and has big plans to continue in this sector. What it is?
The transaction of the moment on the energy market in Romania
The Premier Energy group struck in Romania. The giant acquired the “Mihai Viteazu” wind farm in Constanța county. We note that this is a region known for favorable wind conditions.
Regarding the value of the transaction, we are talking about a truly resounding deal for Romania. The value amounts to 88 million euros. And this amount also includes 520,000 green certificates.
What is the purpose of this partnership and what will happen next? The acquisition would seem to be a strategic one, as the company itself says in a statement sent today. This reinforces the commitment that Premier Energy has had so far in Romania.
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The giant that made a million-euro acquisition
Sustainable energy production is desired. The transaction also doubles the company’s footprint in the operating wind power asset. We note that the Premier Energy group, together with its subsidiary Alive Capital, is one of the largest players in the renewable energy segment.
And before the acquisition, the wind farm was managed by Alive Capital. As for the transaction, it will not have any negative effects. More precisely, things will continue as before without any problems, as the company said.
In the press release, Premier Energy also states that with this transaction, its position as a leader in the renewable energy sector is also consolidated. The production capacity in Romania is also strengthened.
Premier Energy also reaffirms its commitment to sustainability. As for when the deal will be completed, it looks like it will be quite soon.
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The quoted source notes that the transaction is expected this summer. It should be noted that it is subject to regulatory approvals, as stated in the company’s press release.
Tags: transaction moment energy market Romania giant millioneuro acquisition
