A consortium led by Macquarie European Infrastructure Fund 6 (MEIF6) has reached an agreement to acquire a portfolio of Romanian power assets owned by ČEZ Group.

The Integrated Energy Infrastructure Portfolio comprises 86,665 kilometres of controlled electricity distribution network and 1,4 million residential and industrial connections in the South West of Romania for the electricity and gas supply sector.

The assets acquired also include a forum for renewable energy with 622 MW of predominantly onshore wind farms and plans to further expand its portfolio.

“Romania is one of Europe’s most dynamic economies, and its energy infrastructure is critical to supporting the country’s long-term growth and low-carbon transition. We are delighted to announce this investment and we look forward to supporting this critical infrastructure business as it invests to deliver more reliable, efficient, safe, and sustainable electricity to the communities it serves.”

Leigh Harrison, head of MIRA EMEA.

“CEZ in România has often pioneered bold and innovative initiatives that have stimulated the consolidation and development of the Romanian energy sector. Our team of highly skilled specialists has been able to do this by endorsing digital transformation and pursuing a client-centered business strategy. With the acquisition by MIRA, we are looking forward to building on these results with an experienced long-term investor that will support our business going forward.”

Ondrej Safar, CEO and president of the management board of ČEZ Group in România.

As the largest system in the world, MIRA is trusted in Australia, Austria, Finland, Spain, and the United States to oversee the operation and growth of electricity distribution networks.

MIRA is also a major renewable energy investor, overseeing global investments in 12.4 GW of green generation capacity through onshore and offshore wind , solar PV, hydropower , geothermal, and waste energy.