CMS has advised Československá obchodní banka, a.s. (ČSOB), acting as sole lender, on a financing of up to EUR 100m provided to Premier Energy Group, one of the fastest-growing vertically integrated energy and power infrastructure holdings in Southeastern Europe. Premier Energy Group is backed by EMMA Capital and listed on the Bucharest Stock Exchange.
The financing is intended primarily to support the acquisition and construction of a 200 MW / 400 MWh battery energy storage system (BESS) project near Iași, Romania, as well as the development of other green energy projects within the Premier Energy Group. The BESS project is expected to be one of the largest of its kind in Romania and is planned to operate as part of Romania’s core electricity transmission network, contributing to the stability and flexibility of the electricity system.
Premier Energy Group operates primarily in Romania and the Republic of Moldova, focusing on electricity distribution, supply, and related energy services. Following its successful IPO on the Bucharest Stock Exchange in 2024, the group has significantly strengthened its capital base to support further growth and acquisitions. The group has grown through strategic acquisitions to become one of the key players in the region's energy market, and since the listing, the company has continued to expand its portfolio of renewable assets, including solar, wind and battery storage projects, supporting the energy transition in Southeastern and Central Europe.
The group owns, manages and has in development over 1,500 MW of renewable generation capacity (mostly wind and photovoltaics) and supplies electricity to more than 2.2m customers in Romania and the Republic of Moldova. The group also owns a vast electricity distribution network in the Republic of Moldova which covers approximately 75% of the country’s population. Premier Energy Group is also a supplier of natural gas and owns and operates a gas distribution network of almost 4,000km as well as in smaller localities in the northern part of Romania.
This transaction underscores CMS’s strong track record in advising leading financial institutions on complex, cross border financing transactions, particularly in the energy, infrastructure and renewables sectors. The transaction required close coordination across the Czech Republic, Romania and Cyprus.
Petra Myšáková, Partner at CMS, commented:
“This transaction underscores the accelerating momentum behind energy-transition investments across Central and Eastern Europe, and the increasing complexity of the financing structures required to support them. We were proud to advise on this strategically significant mandate, leveraging CMS's established cross-border platform and our deep-rooted expertise in the energy and infrastructure sectors to deliver a seamless, multi-jurisdictional solution.”
The CMS team was led by Petra Myšáková and David Bujgl, and included Adam Fanta, Ana Radnev and Livia Purice (Banking & Finance).
