Iberdrola proceeds with its plan to divest non-core assets, agreeing with Premier Energy Group to sell its renewables assets in Romania for €88 million.
Premier Energy Group, through its Romanian subsidiary, Premier Renewable Invest, has acquired 100% of the ‘Eolica Dobrogea One’ wind energy company, previously owned by Iberdrola. The sale of the 80 MW wind power capacity means Iberdrola will no longer hold assets in Romania. Regulatory approvals typical for such transactions in Romania are pending for this divestment. This move aligns with the Strategic Plan, targeting an asset rotation of €12.2 billion within the 2024-2026 period.
