The deal includes a portfolio of five operational wind parks in Hungary with a total installed capacity of 158 MW. The transaction, valued at €128 million for 100% of the shares, will increase Premier Energy's total owned and under-construction renewable electricity platform to over 500 MW across Romania, Moldova, and Hungary.

Jose Garza, CEO of Premier Energy, said: "This acquisition will establish a scalable platform for future growth in Hungary, a market with strong fundamentals and a strategic position within Central Europe. We are building an integrated renewable energy leader in the region."

The acquired portfolio, representing approximately 50% of Hungary's total operational wind capacity, comprises 79 Gamesa wind turbines commissioned between 2008 and 2010. These assets generate an estimated 300,000 MWh of electricity annually. The acquisition marks Premier Energy's first significant expansion in electricity production outside its core markets. The transaction, which is subject to regulatory approvals, is expected to be completed in late 2025 or early 2026.

Premier Energy has secured a €90 million syndicated loan from Vista Bank and Optima Bank (Greece) to finance the acquisition. After the transaction is completed, the remaining 49% of the shares will be held by the Hungarian-based IG TECH CC Zrt.