Greek energy group plans 1.3 billion euro renewable investment in Romania by 2030
HELLENiQ Renewables will invest 1.3 billion euros in Romania by 2030, building on 400 million euros already spent.
KEY POINTS
- HELLENiQ Renewables plans 1.3 billion euros of investment in Romania by 2030
- The company has already invested about 400 million euros in the local market
- Romania is the group's second-largest market in Southeastern Europe after Greece
- The Romanian portfolio approaches one gigawatt of projects
- HELLENiQ ENERGY operates in 12 countries, with Romania as the newest addition
HELLENiQ Renewables, the renewable energy division of Greek group HELLENiQ ENERGY, plans to invest 1.3 billion euros in Romania by 2030. The company announced the plan at an event held in Bucharest on Monday evening.
Romania is the group's second-largest market in Southeastern Europe after Greece. The investment will support new production capacity, hybrid projects, and energy storage systems.
“Romania is there, alongside Greece, as a very important market for us.”
The company already has a portfolio approaching one gigawatt in Romania, including operational, under-construction, and ready-to-build projects. Executives said they focus on projects that can actually be built and operated, not just accumulating permits.
Romania offers more growth space than Greece because renewable energy penetration is lower there. Greece has over 100 gigawatts of authorized projects, but only some will be built.
HELLENiQ ENERGY operates renewable and fuel trading activities in 12 countries. Romania is its newest addition.
The group aims to become one of Romania's most important business and social partners in the coming years. Investments will not necessarily be limited to clean energy.
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