1. Premier Energy plans to expand its renewable energy portfolio in Romania and Moldova by 50% to 1.5GW by 2026.
2. Romania aims to phase out coal by 2032 and transition towards gas, nuclear, and renewable energy sources.
3. Premier Energy has seen significant growth, with revenue increasing from €13m to €900m in 2023, partly through 25 acquisitions, and is considering diversifying financing needs, including a possible listing on the Bucharest Stock Exchange.
Premier Energy, a Romanian energy company owned by Czech investment holding company Emma Capital, plans to expand its renewable energy portfolio by 50% to 1.5GW by 2026. The company has a significant presence in Romania with 1GW of green projects in wind and solar energy. Premier Energy also aims to invest in neighbouring Moldova, with plans to add 20MW of solar power in 2024.
Romania is working to reduce carbon emissions and enhance energy security, following geopolitical concerns after Russia’s invasion of Ukraine in 2022. Premier Energy has experienced substantial growth in Romania, with revenues increasing significantly since 2015 through 25 acquisitions. The company acquired CEZ Vanzare in 2023, a key electricity distributor serving 1.4 million customers in Romania. Premier Energy is considering diversifying financing options, potentially through listing on the Bucharest Stock Exchange.
One challenge for renewable energy developers in Romania is securing long-term power purchasing agreements with commercial consumers to obtain bank financing for construction. Premier Energy’s focus on electricity generation management and supply reflects its commitment to sustainable energy development in Romania and Moldova.