Hidroelectrica is looking for a consultant for a feasibility study for the design and execution of a green hydrogen plant made by electrolysis of water from the Olt river, with the energy produced by a future 300 MW photovoltaic park.
The photovoltaic and H2 plants will be built on the Olt river, on the site of the hydroelectric reservoir of an unfinished hydropower plant in the central part of the country at Hoghiz. The project will have phased execution.
The first phase is for a photovoltaic park with an estimated power of 300 MW. And the second phase is for a hydrogen production plant with a target production estimated at 15,000 t annually. Hidroelectrica also intends to produce green hydrogen with a 100 MW hydrolyzer which will use water from the Olt river.
Hidroelectrica, the largest electricity producer in Romania, estimates a cost of EUR 2,5 million for the feasibility study and specifications for the turnkey design and execution of the photovoltaic park and green hydrogen production plant.
Hidroelectrica estimates a cost of EUR 2,5 million for the feasibility study
The deadline for receipt of bids is July 12, 2022, Hidroelectrica announced in a tender notice published in Romania’s electronic system for public procurement, SEAP. The material should be delivered within a year.
The project is called Proud Energy Management – photovoltaic park and green hydrogen production plant, and consists of the phased execution of works for the following components of the investment project, reports Economica.net.
Two phase project
In the first phase will be built a photovoltaic park with an estimated power of 300 MW. It will be located in the former basin of the Făgăraș-Hoghiz reservoir and its connection to the National Energy System (SEN).
The electricity produced will be used primarily to power the green hydrogen plant, built in the second stage of the investment, and industrial and domestic consumers are connected to the SEN.
In the second phase, a green hydrogen production plant is planned, with a target production estimated at 15,000 tonnes a year.
Construction of a green hydrogen power plant from hydrolysis aims with the help of a hydrolyzer with an installed capacity of 100 MW, using as resources the water from the Olt River and renewable energy produced in the photovoltaic park built in the first phase.
Hidroelectrica and H2 plans
Hidroelectrica, one of the biggest companies in southeast Europe is also involved in the Blue Danube project.
The Romanian company in partnership with Austria’s largest electricity provider Verbund wants to develop green hydrogen through large-scale water electrolysis in Romania, using a mix of green energy. The resulting hydrogen will transfer to the countries in the Transnational Danube Interreg program, Austria, Bulgaria, Czech Republic, Germany, Hungary, Slovakia, Montenegro, and Serbia.
In the first three months of this year, Hidroelectrica recorded a net profit of EUR 263 million, up 70% compared to the equivalent period last year, and with a 30% lower energy production.
Hidroelectrica is majority-owned by the Romanian state with 80.06% shares, and investment fund Fondul Proprietatea holds the remaining interest of 19.94% of the company.