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March 8, 2021

Wind energy transactions on the rise

Most transactions reported in the Romanian M&A (merges & acquisitions) sector, in the production of energy from renewable sources, implied the wind energy sector, according to a report released by Deal Watch – the M&A market research division of Internet Securities Inc. – quoted by Mediafax. According to the paper, the wind energy sector is expected to be the focus of future transactions too, because the country has an annual wind energy potential estimated at 23 TWh.

Turkey is the country with the highest number of transactions (29), but the most valuable transactions were made in Romania (some EUR 650 M). According to Deal Watch, a number of transactions were conducted in the hydro energy sector, due to the privatisations made by state company Hidroelectrica. The largest transaction conducted in Romania since 2007 was the purchase of the Cogealac and Fantanele wind farm projects by the Czech company CEZ, against EUR 301 M, followed by the acquisition of 50 wind farms in the Dobrogea region by Spanish firm Iberdrola Renovable, for EUR 250 M, and the EUR 30 M investment made by the RWE group for the purchase of an important wind farm. The Dobrogea and Danube Delta regions also have a significant solar energy potential.

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