Enerdatics data shows that since 2023, Romania's renewable energy M&A market has been largely spearheaded by listed IPPs and utilities from nearby countries.
Listed IPPs and utilities, such as Nofar Energy, OMV Petrom, and Polenergia, are aggressively targeting late-stage assets to capitalize on elevated power prices and the reintroduction of PPAs.
Privately funded companies, led by Premier Energy and DTEK Renewables, are also active, though on a smaller scale compared to the dominant IPPs and utilities.
Private equity firms and PE-backed entities are more cautious, likely due to rising asset valuations driven by intense investor interest. Yet, Nala Renewables, backed by Trafigura and IFM Net Zero Infrastructure Fund, has still made waves, securing two acquisitions totaling 160 MW of renewable capacity since Jul’24.
This mix of caution and strategic investment highlights the complex dynamics in Romania's evolving renewable energy sector.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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