Green power giant EDP increases subsidiary capital


April 1, 2016





April 1, 2016




Spain-based EDP Renováveis SA strengthened the share capital in its Romanian subsidiary by EUR 30 million, according to data published in the Official Gazette. Romania Journal reported the company majority-owned by EDP – Energias de Portugal SA doesn’t plan wind power expansion, rather that it aims to boost existing projects, according to Laura Lazar, who heads asset management.

The portfolio of EDP Renováveis Romania consists of 471 MW in wind turbines in Constanţa, Tulcea, Vaslui and Ialomiţa and 50 MW in photovoltaics in Dolj, Gorj and Mehedinţi. The second-largest wind farm in the country is in Făcăeni in Ialomiţa, controlled by EDP’s Ialomiţa Power Srl. The Portuguese investor conducted a capital increase of EUR 52 million in September.

Last year power production in Romania grew 7.8% to 69.37 TWh, according to data from the National Institute of Statistics. Thermal power stations generated 1.65 TWh, a 6.2% increase on the year, hydropower output fell 12.2% to 16.69 TWh, and nuclear units produced 11.64 TWh or 0.3% less than in 2014. Wind turbines contributed 7.05 TWh, advancing 2.32 TWh, while photovoltaic facilities generated 1.99 TWh or 692 GWh more than in the previous year, the report said.

Installed green power capacity reached 5.15 MW at the end of January, according to transmission operator Transelectrica SA’s data. Wind farms accounted for 3,13 MW, photovoltaic panels contributed with 1,34 MW, small hydro projects had 585 MW and biomass participated with 103 MW.

Related Articles

Bulgaria changes Energy from Renewable Sources Act

Bulgaria adopts changes to Energy from Renewable Sources Act

03 October 2023 - Bulgaria simplified renewables permitting, rolled out banking guarantees for projects and regulated citizen energy communities

White hydrogen: Sustainable energy from the depths of Earth

White hydrogen: sustainable energy from depths of Earth

02 October 2023 - White hydrogen is gaining attention in the context of decarbonization as it can become one of the cleanest energy sources

viktor andonov cebren hydropower ppc

Andonov: Čebren hydropower plant to accelerate renewables development in North Macedonia

02 October 2023 - Once constructed, the Čebren pumped storage hydropower plant will significantly accelerate the deployment of renewables...

Drina river transboundary cooperation water climate energy nexus UNECE Finland BIH

Promoting transboundary cooperation on water and energy in Drina River Basin to achieve the green energy transition and climate commitments

02 October 2023 - Authors: Sara Todorovic, Researcher and Coordinator at Finnish Environment Institute SYKE and Annukka Lipponen, Chief...