EBRD Backs Renewable Energy in Romania and Moldova with Equity Stake in Premier Energy
The European Bank for Reconstruction and Development (EBRD) has invested strongly in the green energy transition in Romania and Moldova by acquiring an 11% equity stake in Premier Energy PLC during its initial public offering (IPO). This investment, amounting to RON 77 million (€15.5 million), aims to bolster renewable energy generation in both countries.
The EBRD’s stake, which represents just over 3% of Premier Energy post-IPO, will support the company’s plans to build new renewable energy capacity primarily in Romania, contributing to significant carbon dioxide emissions reductions estimated at over 168,000 tonnes annually. The shares will be listed on the Bucharest Stock Exchange.
EBRD’s participation played a crucial role in the success of the IPO, attracting additional investors and reinforcing Premier Energy's commitment to sustainability and gender equality. Grzegorz Zielinski, Director of Energy Europe at the EBRD, and Tamas Nagy, Director and Co-head of Private Equity at the EBRD, emphasized the alignment of Premier Energy’s green energy strategy with the EBRD’s priorities in the region.
Jose Garza, CEO of Premier Energy, and Petr Stohr, CFO, highlighted the importance of EBRD’s support in accelerating renewable projects and achieving strategic growth goals. The EBRD has invested nearly €11 billion in 525 projects in Romania and over €2.3 billion in 173 projects in Moldova to date.
