Premier Energy acquires wind farms in Romania for €13 million

Green Forum
The energy group Premier Energy has bought new projects in Romania with a capacity of approximately 41 megawatts, for which it paid €13 million. After completing all acquisitions and planned developments there, it will own or manage 700 megawatts of renewable energy, Pavel Zuna, a spokesman for Emma Capital, Premier Energy's parent company, told E15.

The wind farms were sold by the Enex Group, which, in addition to renewable energy sources, also deals with the trade and sale of energy to end consumers. The deal includes two wind farms called Nalbant, both located in the Danube Delta near the Black Sea. The first park, which consists of five wind farms (each with a capacity of 2.75 megawatts), is already producing electricity. In 2021, the turbines here produced over 33-gigawatt hours of electricity. A second park, twice the size, is still in the permitting phase. It is due to be connected to the grid next year, the company plans.

The group plans to start construction of a wind park in the northeastern part of Romania, specifically in Războieni county, later this year. "A total of sixteen turbines with a capacity of 99 megawatts is expected to cost more than €100 million. Thus, we now own or operate the largest portfolio of completed or planned renewable sources in Romania. Nobody has more," says Zuna.

Premier Energy is building its position as a leader in the Romanian green energy market mainly through acquisitions. Early last year, it bought a majority stake in Alive Capital, which manages hundreds of megawatts of renewable energy, as well as a 100% stake in wind power developer Ecoenergie. Since then, it has completed four more acquisitions. Last November, for example, the company acquired 60 percent of a 22-megawatt biogas plant.

In addition to Romania, Premier Energy is also active in the Moldovan market. In 2021, its consolidated profit was €27 million on sales of €404 million.

Emma Capital Group, the parent company of Premier Energy, is a private investment holding company founded in 2012 by Jiri Smejc. In recent years, it has focused mainly on markets in EU countries but is also present in other markets in Europe and Asia.

RECOMMENDED
Renewable energy supports the EUs primary energy production
Energy

Renewable energy supports the EU's primary energy production

In 2021, the source that contributed the most to the EU's primary energy production was renewable energy, respectively 41% of the total energy production in the European Union. In the case of Romania, the main sources of energy in 2021 were natural gas (32.3%), renewable energy (26.7%), solid fuels (14.5%), crude oil (14.1%), and nuclear energy (12.5%).

CE Oltenia gets €89.8 million for expenses with GHG emission certificates
Energy

CE Oltenia gets €89.8 million for expenses with GHG emission certificates

The Oltenia Energy Complex will receive a state aid of RON449 million (€89.8 million) for the year 2023, from the state budget, to finance expenses with greenhouse gas emission certificates. Until now, CE Oltenia has received state aid in the form of a grant of €776.4 million, also for the purchase of greenhouse gas emission certificates.

Aerostar Bacău invests €3 million in photovoltaic park
Energy

Aerostar Bacău invests €3 million in photovoltaic park

The company Aerostar Bacău invests €3 million from its own sources in the implementation of a photovoltaic park. The photovoltaic park consists of over 7,000 panels, located on the roof of the buildings owned by Aerostar.

R.Power to develop portfolio of 1 GWp photovoltaic projects in Romania
Energy

R.Power to develop portfolio of 1 GWp photovoltaic projects in Romania

The Polish company R.Power Group is developing a project portfolio of over 1 GWp in Romania. The company plans to expand its share of this market in the coming months and sign more contracts for photovoltaic projects. It is estimated that the construction of the first projects will begin next year.

RECOMMENDED FROM THE HOME PAGE
Energy

Colliers launches Renewable Energy Investment service

Renewable Energy Investments is a proposal from Colliers for investors looking to diversify their property portfolio by expanding into renewable energy projects. The service includes comprehensive transactional advice, investment support for photovoltaic and wind farms and energy storage.

READ MORE
Green Forum  |  16 May, 2024 at 11:00 PM
Green Forum  |  16 May, 2024 at 11:00 PM