DEI Expands Renewable Energy Portfolio in Romania with Major Acquisition

07:48 7/8/2024 - Πηγή: iEfimerida

DEI has announced a significant agreement to acquire renewable energy units in Romania from the Evryo Group.

The deal, valued at approximately 700 million euros, includes operational units with a capacity of 629 MW and an additional 145 MW under development.

The acquisition

marks a strategic move for DEI, strengthening its presence in the Romanian and Southeastern European renewable energy market.

The acquired portfolio consists of a diverse range of assets, including onshore wind farms, small hydroelectric plants, a floating photovoltaic park, battery energy storage systems, and projects under development.

The acquisition will double DEI's operational renewable energy portfolio in Romania, bringing its total installed capacity to an impressive 5.3 GW.

The company's extensive experience in operating renewable energy sources, particularly with its photovoltaic projects in Greece, positions it well to manage and expand these new assets.

The deal also diversifies DEI's renewable energy portfolio by adding large wind energy projects and hydroelectric plants to its Romanian holdings.

The financing for the acquisition is strategically structured to align with DEI's financial policy and maintain its leverage target.

DEI anticipates that this acquisition will contribute approximately 100 million euros to its annual EBITDA. The transaction is expected to be finalized by the last quarter of 2024.

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DEI Expands Renewable Energy Portfolio, Romania,Major Acquisition