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Romanian state-owned hydropower plant operator Hidroelectrica, the largest electricity producer in the country, is looking to take over a 250 MW wind farm project under development and a total of about 270 MW of solar projects.
Hidroelectrica’s plan is to acquire the companies that own the rights, permits, land, and other assets related to the renewable energy projects under development, according to a report by Profit.ro.
The plan is to acquire the companies developing the wind and solar projects
The Romanian power utility is currently selecting consultants to conduct due diligence on the projects and the development companies, before making acquisition decisions.
Hidroelectrica operates 188 hydropower plans, with a combined capacity of 6.4 GW, and only one wind park, of 108 MW. The wind park, Crucea Nord, should soon get a battery energy storage system of 36 MW under a contract signed in April this year.
In May, Hidroelectrica hired a contractor for installing its first photovoltaic plants. The solar panels, with a total capacity of 2.96 MW, are to be deployed on the roofs of 20 hydroelectric plants, in an investment valued at EUR 1.77 million.
Hidroelectrica plans to install photovoltaic panels at 20 hydropower plants and build a floating solar plant
In June, the company selected a contractor for its first floating solar power plant, of 10 MW, which would be installed on the reservoir of the Ipotești hydroelectric plant. Hidroelectrica said at the time that it intended to obtain know-how from the construction and operation of the pilot floating solar system and replicate the concept elsewhere.
Hidroelectrica has also invited bids for installing a battery energy storage system (BESS) with a nominal power of 64 MW at the Iron Gate 2 (Porțile de Fier 2) hydropower plant on the Danube. It would be used to provide balancing services to the national electricity system and adjust the time intervals of hydropower production at Iron Gate 2.
The company’s profit in the first half of 2025 dropped 41% against the same period a year earlier, to RON 1.587 billion (EUR 313.6 million) as revenue fell 16% to RON 4.315 billion (EUR 852.7 million). Its total power output decreased 27% year-on-year to 6,068 GWh, pushing electricity purchases up 62% to 674 GWh, according to Profit.ro.
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