The Extraordinary General Meeting of Shareholders (AGEA) of Electrica, legally and statutorily convened on November 8, 2024, approved, with the majority of votes held by the shareholders present or represented, all items on the agenda, according to a statement sent to Energynomics .

Thus, among the main decisions adopted is “the approval of the issuance of green bonds, part of the strategy to support the energy transition and the sustainable development of the company. The ceiling value is up to 500,000,000 euro, the approval of a syndicated credit facility of 3.1 billion lei, intended to refinance existing debts and support the company’s investment plans, and the approval of two investment projects in renewable energy production and energy storage “.

Electrica’s first green project mentioned in the release is the Satu Mare 3 photovoltaic park project – with an estimated investment value of 36.15 million euro and an installed capacity of 62.5 MWp. It is located in the vicinity of Doba commune, Satu Mare county.

The second project is the Bihor 1 photovoltaic park – with an estimated investment value of 46.89 million euro and a designed installed capacity of 77.4 MW. It is located in Bihor county, in the area of ​​the towns of Inand, Cefa and Madaraș. The project also provides for the option of installing a storage capacity for profiling and balancing.

“Today we took important steps in strengthening the company’s financial and strategic position by approving some essential measures for our future. Issuing green bonds and accessing the credit facility are tools that support our sustainable development and energy transition goals. In addition, the approval of the investment in the two photovoltaic parks strengthens our desire to become a reference player in the production of renewable energy, thus contributing to energy security and environmental protection. These decisions reflect the shareholders’ confidence in the company’s strategic direction and our commitment to generate long-term value,” said Alexandru Chiriță, CEO of Electrica.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.