Iberdrola sells its wind power assets in Romania for €88 million

  • Premier Energy Group acquires 100% of the ‘Eolica Dobrogea One’ wind company, previously owned by Iberdrola, which owns 80 MW of wind power in the region

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 €88 million. 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.

The 80 MW capacity of wind power now sold means that Iberdrola will no longer have any assets in Romania. The sale is subject to standard regulatory approvals for this type of transaction in Romania.

Asset Rotation Plan

This divestment is part of the Strategic Plan presented on March 21st by Iberdrola London, where the company set an asset rotation target of €12.2 billion in the 2024-2026 period.

In recent months, Iberdrola has closed several long-term alliances to promote the decarbonisation of the economy, including: