A very important project that we have in mind at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels, which we want to realize together with the Emirati company Masdar, he announced, on Friday, during a conference on the capital market, the president of Hidroelectrica, Bogdan Badea.
“Hidroelectrica focuses on several targets. The first target is to maintain and increase the company’s profitability and financial performance, which also comes with the plan to increase the installed capacity in terms of the production and diversification of energy sources, exclusively “green”, because Hidroelectrica is a “green” company. We want to keep this label as a “green” company. Our investment plans are directed towards, in addition to new hydro capacities that we can still achieve taking into account the restrictions of environment that we have at the moment, diversification towards other regional energy sources, especially wind and photovoltaic. We already have the Crucea wind farm in operation, which was integrated into the portfolio. The operational results exceeded expectations, and the synergies that benefits from various sources of renewable energy have helped the company to diversify its production portfolio and increase profitability. Another very important project that we are considering at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels. It is an investment that we want to make together with the Emirati company Masdar. It is a new investment in Romania at such a size,” Badea stated, according to Agerpres.
According to the Hidroelectrica representative, the water shine, which at the moment presents an extra potential in terms of surfaces, intensity and yields that solar panels could offer, represents an opportunity for the company and is part of the identification of those synergies to contribute to the company’s growth strategy.
The representatives of Hidroelectrica and those of Masdar signed, on March 20, 2023, in the capital of the United Arab Emirates – Abu Dhabi, a joint venture agreement that engages the two companies in a joint investment approach aimed at the creation of wind farms off- shore and floating solar parks in Romania.
Masdar is one of the most important players globally, with projects carried out in 40 countries and with 16 years of experience in the development and construction of renewable energy production capacities, and has a portfolio of 23 GW installed.
According to the data provided by the company, since 2006, Masdar has invested mainly in solar and wind energy projects, the combined value of which amounts to more than 30 billion dollars.