HELLENiQ Energy officially launched its HELLENiQ Renewables Romania subsidiary and a 2030 program worth more than EUR 1 billion in the country, targeting 1.3 GW in renewables and storage. The group raised its overall four-year investment plan for the sector to over EUR 2 billion.
Greece-based oil refiner and petrochemicals producer and distributor HELLENiQ Energy has been diversifying its business with massive green energy investments. On the occasion of the launch of its HELLENiQ Renewables Romania subsidiary, the company said it would accelerate expansion and strengthen its position as an integrated energy group in Southeast Europe.
The four-year investment program in Romania amounts to over EUR 1 billion. It is HELLENiQ Renewables’ second most important growth market, after Greece, according to the update. The project portfolio exceeds 800 MW of renewable energy capacity and battery energy storage systems (BESS) totaling at least 500 MW in operating power and 1.5 GWh in capacity. The list includes four solar parks of 211 MW overall in Teleorman, Giurgiu, Olt and Dolj, and the 96 MW wind farm in Galați county scheduled for completion in the second quarter.
Total investments in renewables and storage by 2030 are planned to top EUR 2 billion
Total investments in renewables and storage are expected to exceed EUR 2 billion by 2030, surpassing the original set under Vision 2025, the company announced. Through HELLENiQ Renewables, it operates more than 800 MW. The entire project portfolio has surpassed 6 GW. The company also operates in Bulgaria, Cyprus and North Macedonia.
A hybrid project of a wind park of 186 MW and a BESS of 186 MW and 186 MWh in Vaslui in Romania is planned for launch in the second quarter of 2029.
“We possess the financial strength, technical expertise and operational experience required to develop and operate modern energy infrastructure. Having successfully completed our Vision 2025 strategy ahead of schedule, we are already entering our next phase of growth, with renewable energy and energy storage playing a pivotal role,” said Chief Executive Officer of HELLENiQ Energy Andreas Shiamishis.
The energy transition is both a strategic priority for the company and a significant growth opportunity, driven by realism, consistency and long-term planning, he added.
