The Cyprus-based energy company acquired 51% and management control of Iberdrola Renovables Magyarország from Iberdrola Renovables Internacional for €128 million. The transaction, first announced in 2025, received all required regulatory approvals and closed following the fulfillment of standard conditions.
The acquired assets comprise 158 MW of operational wind capacity through 79 turbines across two sites in northwestern Hungary. The location benefits from steady wind flow between the Alps and Small Carpathian Mountains, generating approximately 300,000 MWh of clean electricity annually.
The company financed the deal partially through a €90 million syndicated loan from Vista Bank and Optima Bank of Greece.
Premier Energy now holds majority control alongside Hungarian investor iG Tech, which retains the remaining 49% stake. The target company's financial results will be consolidated into Premier Energy's accounts from February 2026.
