Hidroelectrica has partnered with Masdar to establish a joint venture for developing offshore wind and floating solar projects in Romania. The collaboration between Hidroelectrica and Masdar has the potential to revolutionize the pace of development and size of investments in Romania, according to Bogdan Badea, Chairman of Hidroelectrica’s Management Board.
Hidroelectrica currently operates 187 hydropower plants in Romania, with a combined capacity of 6.3 GW, and the 108 MW Crucea onshore wind park. However, the company did not provide any further information about the planned joint investments. Masdar has extensive experience in the development and construction of renewable energy capacities and its financial strength, combined with Hidroelectrica's local expertise and resources, makes for a strong partnership.
The joint venture between Hidroelectrica and Masdar aligns with Romania's plans to increase its renewable energy capacity. The country aims to have 30.7% of its energy generated from renewable sources by 2030. The offshore wind and floating solar projects will contribute towards achieving this goal, while also boosting the economy and creating new jobs in Romania's energy sector.
Country updates
-
-
March 15, 2023
Shikun & Binui Energy secures loan for 70 MW solar PV project in Satu Mare
Shikun & Binui Energy has secured a loan of EUR40.5 million (US$43.5 million) from Raiffeisen Bank International and its Romanian subsidiary for the construction of a 70 MW photovoltaic (PV)...
Read more -
March 14, 2023
CWP Europe plans 134 MW solar PV project in Romania
CWP Europe is planning to start the construction of its newly acquired 134 MW Studina solar photovoltaic project located in Romania. The project is expected to provide green energy to about 115...
Read more -
February 23, 2023
Photon Energy starts commercial operation of 5.7 MW solar farm in Șiria
Photon Energy has started the commercial operation of the 5.7 MW solar photovoltaic facility located in the municipality of Șiria in Romania. The project consists of 10,600 high-efficiency...
Read more -
February 16, 2023
Erste provides financing for Enery's 81 MW Romanian renewable energy portfolio acquisition
Enery Power Holding has signed a senior term loan and revolving credit facilities agreement from Erste Group to finance the acquisition of an 81 MW renewable energy portfolio in Romania. The details o...
Read more -
January 23, 2023
Tesla to build and equip 40 MW Romanian rooftop solar PV project
TESLA and ELEMENT Industrial (ELI) have signed a partnership agreement for the design and construction of rooftop solar photovoltaics (PV) installations on all ELI buildings in Romania over the next 3...
Read more
