A consortium led by Macquarie European Infrastructure Fund Six has reached an agreement to acquire a portfolio of Romanian power assets owned by Czech energy company CEZ Group, including 622MW of renewables.
The clean power comprises mainly onshore wind and includes plans to further develop the portfolio, which also comprises an 86,665km regulated electricity distribution network and an electricity and gas supply business with 1.4 million residential and industrial connections in the south-west of the country.
Macquarie Infrastructure and Real Assets EMEA head Leigh Harrison said: “Romania is one of Europe’s most dynamic economies, and its energy infrastructure is critical to supporting the country’s long-term growth and low-carbon transition.
“We are delighted to announce this investment and we look forward to supporting this critical infrastructure business as it invests to deliver more reliable, efficient, safe, and sustainable electricity to the communities it serves.”
CEZ Group chief executive in Romania Ondrej Safar said: “CEZ in Romania has often pioneered bold and innovative initiatives that have stimulated the consolidation and development of the Romanian energy sector.
“Our team of highly skilled specialists has been able to do this by endorsing digital transformation and pursuing a client-centered business strategy.
“With the acquisition by MIRA, we are looking forward to building on these results with an experienced long-term investor that will support our business going forward.”
The terms of the transaction have not been disclosed. Completion of the deal is subject to receipt of customary regulatory approvals.