Romanian Renewables JV Expands with Solar and Storage

• Romanian hydropower giant Hidroelectrica and Masdar team up for onshore, floating solar, and battery storage projects, with potential for further growth in green energy.

Romanian hydropower producer Hidroelectrica and Masdar have expanded their joint venture to include onshore and floating solar projects, as well as battery energy storage capacities. The agreement has been extended for three years, with the potential for further renewal, and aims to develop 2,000 MW of greenfield or brownfield projects. The companies will also explore opportunities in alternative technologies like wind power and in different geographical regions.

The pact, signed during a Romanian delegation's visit to the UAE, is pending internal approvals from both companies. This expansion builds on the initial agreement signed in March 2023 for the development of renewable energy projects in Romania.

What new projects are Hidroelectrica and Masdar exploring in their joint venture expansion?

• Hidroelectrica and Masdar are exploring onshore and floating solar projects in their joint venture expansion.
• The companies are also looking into increasing battery energy storage capacities as part of their agreement.
• The joint venture aims to develop 2,000 MW of greenfield or brownfield projects in the renewable energy sector.
• In addition to solar projects, Hidroelectrica and Masdar will also consider opportunities in wind power and other alternative technologies.
• The agreement, which has been extended for three years with the potential for further renewal, is pending internal approvals from both companies.