Romania’s Hidroelectrica seeks to buy 131 MW solar power plant project
State-owned Hidroelectrica is looking for a legal consultant to help the acquisition of a 131 MW solar power project in Argeș County from Portland Trust
Hidroelectrica buys Crucea wind farm from Steag
Romanian energy producer has acquired Crucea wind farm as part of its strategy to diversify production portfolio with renewables projects.
State-owned firms bid jointly for ČEZ assets in Romania
Hidroelectrica, Electrica and SAPE may face E.ON and Allianz, India Power Corp. and MVM in the race for the Czech company’s seven businesses. ČEZ, looking for a buyer for its assets in Romania, values them at EUR 1.07 billion against the book value of EUR 15 billion A consortium established by Hidroelectrica, Electrica and SAPE […]
IPO of Hidroelectrica on hold as Romania bans sale of state assets for two years
The long-awaited stock market listing of the flagship hydropower producer in Romania was postponed yet again. Lawmakers in Bucharest voted to freeze all activity aimed at the privatization of any part of state-owned companies and the measure includes the initial public offering – IPO planned for Hidroelectrica. The opposition, led by Social Democratic Party (PSD), […]
Enel scraps Romania asset sale plan, insiders tell local media
Anonymous people familiar with the matter revealed Enel is counting on Romania as a strategic market and that the management wouldn’t negotiate about stakes in its businesses in the country. Romania’s state-owned utility Hidroelectrica, which has an ambitious long-term diversification plan, may have to expand without Enel’s assets. The largest foreign investor in the country’s […]
Hidroelectrica plans to install first offshore wind park in Black Sea
Romania’s biggest power producer laid out an ambitious long-term plan to its shareholders, leaning to a large extent on funds it expects from the European Green Deal. Hidroelectrica proposed to develop capacities in hydropower, biomass, photovoltaics, chargers for electric vehicles, hydrogen and wind turbines including an offshore wind park in the Black Sea of as […]
Romania temporarily prohibits sale of majority stakes in energy companies
Romania will maintain the state of emergency for at least one more month and until it is abolished, no energy firm can be taken over. Hidroelectrica will thus need to wait longer for its acquisition of ČEZ’s subsidiaries in the country. The state of emergency has been extended for a month, to May 14. Just before […]
Hidroelectrica should look into Black Sea offshore wind potential, minister says
Romania’s acting economy and energy minister Virgil Popescu has said the country’s state-owned hydropower producer Hidroelectrica should consider tapping the Black Sea offshore wind potential, local media have reported. No studies of he Black Sea offshore wind potential have been done so far, and the idea has not been publicly debated, although there is potential, […]
