Premier Energy gets EUR 61 mln loan from Vista Bank and Optima Bank for EUR 88 mln wind park acquisition in Romania
<p>Vista Bank (Romania) and Optima Bank (Greece) arranged a syndicated loan of EUR 61 million for Premier Energy Group (BVB: <a href="https://www.bvb.ro/FinancialInstruments/Details/FinancialInstrumentsDetails.aspx?s=PE">PE</a>), one of the fastest-growing energy infrastructure holdings in Southeast Europe.</p>

<p>Premier Energy will use the facility of EUR 61 million to finance the acquisition of the shares in Eolica Dobrogea One from Iberdrola Group. Eolica Dobrogea One operates a wind park with 40 turbines and a total capacity of 80 MW. The wind park has an estimated net yearly production of 165 GWh.</p>

<p>The total value of the transaction was EUR 88 million. <a href="https://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/PE-Closing-of-acquisition-of-Mihai-Viteazu-wind-farm/425C4">Premier Energy announced its closing on July 30</a>, after receiving the approval of the Competition Council and the Commission for Foreign Direct Investment Screening.</p>

<p>“We are particularly pleased to complete this transaction, which not only strengthens our position in the renewable energy market but also brings us closer to our goal of profitably becoming a leader in sustainable energy production within an integrated platform in the region,” said Petr Stohr, Group CFO Premier Energy.</p>

<p>In May 2024, Premier Energy listed its shares on the Bucharest Stock Exchange after completing a EUR 140 mln IPO. The company currently has a market capitalization of RON 2.6 bln (EUR 523 mln).</p>

<p><em>editor@romania-insider.com</em></p>

<p><em>(Photo source: Premier Energy)</em></p>