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

Popescu Government Romania offshore wind energy bill

Popescu: Government of Romania to pass offshore wind energy bill next month

27 March 2023 - The Government of Romania is set to approve the offshore wind energy law in April, according to Minister of Energy Virgil Popescu.

istria adritic sea energy independence offshore wind

Adriatic peninsula Istria intends to use offshore wind to achieve energy independence

27 March 2023 - Offshore wind farms are seen as the only significant source capable of ensuring the energy self-sufficiency of Istria

Renalfa IPP Alpiq s 72 5 MW wind park Bulgaria

Renalfa IPP buys Alpiq’s 72.5 MW wind park in Bulgaria

27 March 2023 - Renalfa IPP agreed to take over the Vetrocom wind farm in Bulgaria, with a capacity of 72.5 MW, from Swiss company Alpiq

Climate change, water scarcity jeopardizing French nuclear fleet

24 March 2023 - The safety and operation of 56 existing reactors, as well as the planned ones, must be adapted to increasing climate extremes