Energy 21 is the largest Czech-based independent developer and operator of solar power (photovoltaic) parks in Central and Eastern Europe, with an installed generation capacity of 26 megawatts and a further 75 megawatts in development. The company is in the process of further growing its local market asset base and is evaluating opportunities to expand into other CEE renewable energy markets.

Mid Europa has committed to inject significant capital to fund the development of the company’s projects in 2010. In addition, Energy 21 is in advanced discussions with both international and local banks to secure the required project financing.

Thierry Baudon, Managing Partner of Mid Europa said: “We are very pleased to have now completed our first investment in a very promising platform with significant growth prospects in the renewable energy sector. We intend to increase our exposure to the renewable space in Central and Eastern Europe, and hope that Energy 21 will serve as base for a series of attractive transactions to come in the near future.”

For further information please contact:

Mid Europa Partners: 
Thierry Baudon or Stefan Tzvetkov
+44 (0) 20 7886 3600

Citigate:
David Westover/Agnès Riousse
+44 (0) 20 7638 9571

Notes to the editors:

ABOUT MID EUROPA PARTNERS

Mid Europa Partners is a leading independent private equity firm focused on Central and Eastern Europe. Operating from London, Budapest and Warsaw, Mid Europa Partners advises and manages funds with asset value of approximately €3.2 billion. The Mid Europa Partners team has been investing in Central and Eastern Europe since 1999.