Hidroelectrica invests in floating photovoltaic panels

Alina Oprea
A very important project that Hidroelectrica is currently considering is an investment of around 1,500 MW in floating photovoltaic panels. Hidroelectrica, the largest producer of green energy in Romania, wants to realize this project together with the Emirati company Masdar, says the president of Hidroelectrica, Bogdan Badea. The representatives of Hidroelectrica and those of Masdar signed, on March 20, 2023, in Abu Dhabi, United Arab Emirates, a joint venture agreement that engages the two companies in a joint investment approach aimed at the creation of offshore wind farms and floating solar parks in Romania.

"Hidroelectrica Company focuses on several targets. The first target is to maintain and increase the company's profitability and financial performance, which also comes with the plan to increase the installed capacity in terms of the production and diversification of energy sources, exclusively "green", because Hidroelectrica is a company "green". We want to keep this "green" company label. Our investment plans are headed towards, in addition to new hydro capacities that we can still achieve taking into account the environmental restrictions we have at the moment, and diversification towards other regional energy sources, especially wind and photovoltaic. We already have the Crucea wind farm in operation, which has been integrated into the portfolio. The operational results were beyond expectations, and the synergies benefiting from the various sources of renewable energy helped the company to diversify its production portfolio and increase profitability. Another very important project that we are considering at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels. It is an investment that we want to make together with the Emirati company Masdar. It is a new investment in Romania at such a size", said Badea, during a conference on the capital market.

Water luster, which at the moment presents extra potential in terms of surfaces, intensity, and yields that solar panels could offer, represents an opportunity for the company and is part of identifying those synergies that will contribute to the company's growth strategy, he says.

Masdar is one of the most important players globally, with projects carried out in 40 countries with 16 years of experience in the development and construction of renewable energy production capacities, and has a portfolio of 23 GW installed.

Since 2006, Masdar has invested primarily in solar and wind energy projects, with a combined value of more than $30 billion.

Hidroelectrica is the largest producer of green energy in Romania, with a market share of around 28%, achieved with an average annual production of 15.7 TWh delivered to the network. The company also owns a portfolio of 187 hydropower plants, with a hydropower capacity of 6.3 GW. Added to all this is the Crucea wind farm, with an installed power of 108 MW.

RECOMMENDED
Romania to have green power plants of 735 MW
Energy

Romania to have "green" power plants of 735 MW

Romania will have access to more clean energy in the coming years and by the end of next year, capacities of 735 MW of installed power could be put into operation, says the Minister of Energy, Sebastian Burduja.

Brick store in Constanta invests €200,000 in PV panels
Energy

Brick store in Constanta invests €200,000 in PV panels

DIY company Brick Romania started a project last year to implement green energy solutions for its work units. The Brick store in Constanța benefited from an investment of RON1 million (€200,000) in photovoltaic panels, which provide approximately 35% of the energy requirement.

Green energy producer Hidroelectrica to go public
Energy

Green energy producer Hidroelectrica to go public

Hidroelectrica, an energy producer owned by the Romanian state, is preparing for listing on the Bucharest Stock Exchange (BVB). Fondul Proprietatea, the minority shareholder, is selling 17% of the holding (almost 20%), i.e. 78 million shares.

RECOMMENDED FROM THE HOME PAGE
Industry

Lidl Romania exceeds 2030 sustainability targets early

Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.

Energy

Dentons advises OX2 on 235 MW Romanian wind acquisition

Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.

Energy

Turkish investors pour millions into Romanian green energy

Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.

Business

Cost remains main driver and biggest barrier in sustainability

51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.

READ MORE
Green Forum  |  11 December, 2025 at 11:36 AM