Hidroelectrica, Masdar strategy offshore wind, floating PV in Romania

Mar 21, 2023 12:51 PM ET
  • Romanian hydropower manufacturer Hidroelectrica has inked a deal to develop a joint venture with Abu Dhabi Future Energy Company, better called Masdar, for the development of offshore wind as well as floating solar projects in the Southeastern European country.
Hidroelectrica, Masdar strategy offshore wind, floating PV in Romania
Image: Gavin

Hidroelectrica claimed in a statement that it signed the agreement on Monday at an occasion in Abu Dhabi attended by Romanian President Klaus Iohannis and Minister of Energy Virgil Popescu, as well as UAE's very own energy minister Suhail Mohamed Al Mazrouei.

"The mix of Masdar's experience in the development and building and construction of renewable energy capacities, its economic strength, and Hidroelectrica's neighborhood know-how and also own resources, has the potential to change both the speed of development and also the size of financial investments in Romania," commented Bogdan Badea, Chairman of Hidroelectrica's Management Board.

The company did not offer more details when it come to the intended joint financial investments.

Hidroelectrica currently runs 187 hydropower plants in Romania, with a combined capacity of 6.3 GW, together with the 108-MW Crucea onshore wind park.

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