Romania's Hidroelectrica plans to expand renewable energy capacity

Green Forum
Hidroelectrica, Romania's largest green energy producer, announced plans to add at least 500 MW of renewable energy capacity by 2027. This was outlined in the Management Plan 2023-2027 presented to shareholders during the General Assembly held on March 25th, 2024.

The overarching goal, set forth by the Ministry of Energy for the period 2023-2027, is for Hidroelectrica to emerge as a leading force and pivotal player in Romania's energy transition.

The Ministry of Energy has outlined key objectives and growth strategies for Hidroelectrica during this period:

  • Maintaining Operational Efficiency: The ministry aims to sustain the optimal availability of existing hydroelectric plants through modernization, technological advancements, and rigorous maintenance.
  • Prioritizing Investment Projects: Completion of ongoing investment initiatives within Hidroelectrica's hydroelectric plant portfolio is a top priority.
  • Expanding Renewable Energy Capacity: The ministry seeks to expand the production portfolio by incorporating new capacities for renewable energy production, both domestically and through potential acquisitions, including regional expansion.
  • Diversifying Revenue Streams: There is a focus on diversifying revenue streams through vertical integration, reinforcing the Company's supply portfolio.
  • Ensuring Financial Stability: The ministry aims to ensure the stability and predictability of Hidroelectrica's financial performance, alongside the commitment to allocate 90% of net profits as dividends to shareholders.
  • Upholding ESG Standards: Hidroelectrica is committed to upholding best-in-class Environmental, Social, and Governance (ESG) standards, aligning with those observed by listed companies to meet investor expectations.

Hidorelectrica wants to become a key player among European renewable energy producers.

Green Forum  |  23 April, 2024 at 11:00 AM