Iberdrola is progressing with its plan to divest non-core assets, reaching an agreement with Premier Energy Group to sell its renewables assets in Romania for €88m.
Premier Energy Group, through its Romanian subsidiary, Premier Renewable Invest Co SRL, has acquired 100% of the Eolica Dobrogea One wind energy company, previously owned by Iberdrola.
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The 80MW capacity of assets now sold means that the Spanish developer will no longer have any assets in Romania. The sale is subject to standard regulatory approvals for this type of transaction in the country.
The divestment is part of the Strategic Plan presented on 21 March by Iberdrola London, where the company set an asset rotation target of €12.2bn in the 2024-26 period.