Premier Energy ÎCS, which is part of the international conglomerate EMMA Capital Group controlled by Czech businessman Jiří Šmejc, will develop renewable energy assets in Moldova, IPN reports with reference to Agerpres, which quotes a press release of the Group.

For this purpose, investments will be made from the sale of Premier Energy PLC shares on the Bucharest Stock Exchange (BVB), which will not produce changes in ownership. As many as 35.94 million shares are expected to be traded at a guide price of RON 19 to RON 21.50 per share. “The company will use the obtained funds to acquire renewable energy assets in Romania and Moldova, as well as to cover capital expenses incurred with the development of renewable energy production assets,” reads the press release.

“In recent weeks, Premier Energy’s attractive investment outlook seems to have been well-received by potential investors and we look forward to meeting with them in the coming days. For both Romanian and international investors, Premier Energy offers access to an investment opportunity in the field of energy transition in markets with considerable growth potential, as well as to a financially strong company with ambitious plans for the renewable energy sector, a generous dividend policy and a robust approach to ESG principles,” said Jose Garza, CEO of Premier Energy Group.

IPN notes that Premier Energy Group is one of the fastest growing vertically integrated private energy infrastructure companies in Southeastern Europe and one of the largest renewable energy players in the region. It owns, operates or develops more than 1,000 MW of renewable electricity generation capacity in Romania and Moldova and is one of the fastest growing renewable electricity generation businesses in both countries.

The Group is the largest electricity distributor and supplier in Moldova, with almost one million consumption points and over 840,000 customers, serving approximately 70% of Moldova’s population.