Green Forum • 26 July, 2024 at 11:00 AM
Romania's Competition Council has given the green light for Premier Renewable Invest Co, a subsidiary of local power distributor Premier Energy, to acquire Eolica Dobrogea One, a Romanian wind power company previously owned by the Spanish utility Iberdrola.
The council indicated that the transaction does not raise significant competition concerns in the Romanian market.
Eolica Dobrogea One operates a wind farm with an installed capacity of 80 MW in the Mihai Viteazu commune of Constanta County.
Eolica Dobrogea One possesses wind power assets with a total installed capacity of 80 MW, as stated in a press release by Iberdrola.
With regulatory authorities in Romania approving the transaction, Iberdrola will divest all its assets in the country. This move aligns with Iberdrola's broader strategy aiming for an asset rotation worth €12.2 billion from 2024 to 2026.
Premier Energy, a subsidiary of Czech investment firm Emma Capital, completed the acquisition of Eolica through its Romanian subsidiary, Premier Renewable Invest Co.