Energy | 23 January, 2026 at 8:32 AM
Premier Energy completes €128 million Hungarian wind farm deal
Premier Energy has completed its acquisition of a controlling stake in a 158 MW wind farm in Hungary.
Premier Energy has completed its acquisition of a controlling stake in a 158 MW wind farm in Hungary.
Premier Energy has acquired a 100% stake in a 200 MW battery storage system development near Iași, Romania. The ready-to-build project has a capacity of 400 MWh.
The Romanian mergers and acquisitions (M&A) market recorded 216 transactions in the first nine months (9M) of 2025, an 8.5% increase compared to the same period in 2024.
Premier Energy has announced the acquisition of a 51% stake and management control of Iberdrola Renovables Magyarország KFT, a subsidiary of Spanish energy giant Iberdrola.
Premier Energy said its normalised revenue increased by 49% year-on-year, reaching €797.5 million in H1 2025, while its normalised net profit grew by 23% year-on-year.
Romanian engineering group Simtel Team has announced the appointment of Mihai Velicu as its new Group CFO.
Premier Energy has announced its plans to acquire the remaining 25% stake in True Energy Management for €3 million.
Starting in February, natural gas supply will be managed by Premier Energy SA, while NeoGas Grid will be responsible for the distribution of natural gas within the group.
Romania's annual inflation rate reached 9.6% in January 2026 compared to the same month in the previous year.
Romania's headline inflation rose to 9.6% in January 2026, a figure slightly exceeding market expectations due to a significant surge in utility costs.
Uber Eats will launch in Romania later this year as part of Uber's expansion across Europe.
The European Investment Bank (EIB) is committing €34 million for solar power expansion in Romania.
The Romanian economy is entering 2026 on a fragile footing, prompting ING analysts to significantly lower their growth expectations for the year.