Renewables

Hidroelectrica eyes 2 GW in solar, wind projects

Hidroelectrica eyes 2 GW solar, wind projects

Photo: stux from Pixabay

Published

November 23, 2021

Country

Comments

0

Share

Published:

November 23, 2021

Country:

Comments:

0

Share

Romania’s state-owned power utility Hidroelectrica is looking at wind and solar projects with a combined capacity of 2,000 MW as part of the effort to diversify its production portfolio with renewable energy capacities.

Hidroelectrica currently operates hydropower plants with an installed capacity of 6.4 GW. It also operates one wind farm, Crucea, acquired at the end of 2020.

Bogdan Badea, the company’s general manager, said Hidroelectrica is in various due diligence phases for wind and solar photovoltaic projects with a planned capacity of 2 GW in total.

“Our focus is to increase the production capacities with green power plants,” he added, as quoted by News.ro.

Hidroelectrica is preparing to build PV power plants on its own land

Hidroelectrica is also conducting tenders for the feasibility studies for PV parks which are planned on land owned by the company. It is developing floating PV plant projects on reservoirs at its hydropower plants.

Badea reiterated the company is interested in the installation of offshore wind farms. Hidroelectrica is awaiting the development of offshore legislation, he underlined.

The company is interested in the installation of offshore wind farms

Romania’s Energy Minister Virgil Popescu earlier said the government would finish the offshore wind law this year.

According to local media, Hidroelectrica recorded a EUR 340 million net profit in the year’s first half.

Of note, in May 2020, Hidroelectrica published a spending strategy through 2037 worth EUR 5.4 billion, including investments in offshore wind.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

dusan zivkovic eps general manager elektroprivreda srbije

Dušan Živković appointed as general manager of Elektroprivreda Srbije

15 June 2024 - The Supervisory Board of the joint stock company Elektroprivreda Srbije has appointed Dušan Živković as the general manager

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW