Premier Energy (BVB: PE) has signed an agreement to acquire a 51% controlling stake in Iberdrola Renovables Magyarország, the Hungarian subsidiary of Spain’s Iberdrola. The company owns five operational wind farms with a combined installed capacity of 158 MW, commissioned between 2008 and 2010 in northwestern Hungary, one of Central Europe’s strongest wind regions. Following the transaction, Premier Energy’s renewable platform across Romania, Moldova, and Hungary will exceed 500 MW of owned capacity, including assets under construction. After closing, Premier Energy will retain 51% and management control of the Hungarian company, while the remaining stake will be held by Budapest-based iG TECH CC Zrt. To finance the acquisition, Premier Energy secured a EUR 90 million (envisaged for 100% stake acquisition) syndicated loan from Vista Bank and Greece’s Optima Bank, which acted as Mandated Lead Arrangers and Original Lenders.