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
Energy

Solar module makers show first financial stability in over a year

The newly published Edition 2 2026 of the PV Module Manufacturer Ranking Report shows the first signs of stabilisation in the solar manufacturing sector's balance sheets after more than a year of steady deterioration. The table tracks the Altman Z-Score, a widely used measure of bankruptcy risk, for 64 publicly listed photovoltaic module manufacturers, and has now been refreshed with first-quarter 2026 data.

Energy

Romanian floating solar pioneer partners with university

The Faculty of Hydrotechnics from the Technical University of Civil Engineering Bucharest and Waldevar Floating PV have signed a strategic partnership to accelerate innovation in renewable energy and prepare the next generation of specialists in floating photovoltaic technologies.

Energy

Rezolv Energy launches Bulgaria's St. George solar park

Rezolv Energy has commissioned the St. George solar park in Silistra, Bulgaria, marking the company's first project to become operational. The 225 MW facility reached full operational status in under three years from acquisition of development rights.