Romania’s competition authority granted the green light to Alive Wind Power One, a special-purpose vehicle set up by Premier Energy [BSE: PE], to acquire three wind plants and four wind park projects in Vaslui County. This strategic move is set to significantly boost Romania’s renewable energy landscape.
After deliberation, the Competition Council found no significant concerns regarding the impact of this transaction on market competition. This approval is pivotal in Premier Energy’s growth and commitment to sustainable energy solutions.
Profit.ro reported in April that Premier Energy acquired the wind assets, which boast a combined installed capacity of 18 MW, from Self Concept, a local company. This acquisition is part of Premier Energy’s broader strategy to expand its renewable energy portfolio and support Romania’s clean energy transition.
In a notable development, Premier Energy was listed on the Bucharest Stock Exchange last month, with the European Bank for Reconstruction and Development (EBRD) acquiring a 3.2% stake in the company during the IPO. This listing underscores the growing investor confidence in Romania’s renewable energy sector.
Shares in Premier Energy traded slightly lower at 20.9 lei ($4.58/4.2 euro) at 1634 CET on Friday, reflecting market dynamics. This acquisition is expected to enhance regional energy security and support economic growth by providing a reliable source of clean energy. It reinforces Romania’s role as a leader in the renewable energy sector in Southeast Europe.
Source: Seenews.com
