Hidroelectrica has the largest local portfolio of renewables

Hidroelectrica, the largest energy producer in Romania, is in the duediligence phase (negotiations) for a portfolio of wind and solar projects of 2,000 MW, the capacity equivalent to that of three reactors in Cernavoda, writes ZF.

The projects also include the construction of floating solar projects, but also the equipment of power plants, where technical features allow, with solar panels. This is the largest portfolio of renewable projects in development officially announced locally.

Hidroelectrica, the most valuable company in the Romanian state, does not rule out the distribution of additional dividends from the record profit it will register this year as a result of the energy price explosion, but says it has money to continue its investments.

The company’s goal is to become regionally relevant through an extensive energy production portfolio.

Against the background of a 48% increase in the average selling price of electricity and as a result of a quantity of electricity sold higher by 18% to 14.08 TWh, Hidroelectrica reported record results in the first nine months of 2021.

Thus, the company, in which the Romanian state has 80% and Fondul Proprietatea 20%, increased its net profit by 103% to 2.6 billion lei, while revenues rose by 70% to approximately 4.7 billion lei. , according to data from the quarterly report published on Monday by Fondul Proprietatea.

Source: Cotidianul RO by www.cotidianul.ro.

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