HELLENiQ ENERGY plans over 1 billion euros in Romanian renewables through 2030

Investment plan to 2030

HELLENiQ ENERGY said in a press release on Tuesday, 10 November, that it plans investments of over 1 billion euros in Romania through 2030 as part of its international development strategy. The company called Romania the second most important market for its renewables business after Greece. Its Romanian subsidiary is developing solar, wind and energy storage projects with a combined capacity of over 800 MW from renewable sources and 500 MW of battery storage. Some of these projects are already operating, while others are under construction or at an advanced stage of development. The company says the investments will strengthen the flexibility and resilience of Romania's electricity system, support the energy transition and create long-term value for the economy and society.

Launch event in Bucharest

The local renewables unit, HELLENiQ Renewables, was officially launched at an event in Bucharest on Monday evening, 9 November, with CEO Andreas Shiamishis in attendance. Environment Minister Natalia Intotero, who took part in the launch, posted about it on Facebook on Tuesday, calling for investment and cleaner, cheaper power for citizens.

“Romania needs investment, more energy produced in the country and solutions that help reduce costs for citizens.”

Presentations at the event focused on new renewables and battery projects intended to build a strong clean energy portfolio in the country. The company says it has already invested about 400 million euros in Romania and intends to expand through new production and storage projects.

Capacity and the investment figures

According to the company, four solar parks with 211 MW of installed capacity are already operating in Teleorman, Giurgiu, Olt and Dolj counties.

Solar parks in operation (four sites)211

Renewable projects (over 800 MW)800

Battery storage (500 MW)500

Solar parks in operation (four sites)

211 MW

Renewable projects (over 800 MW)

800 MW

Battery storage (500 MW)

500 MW

Data from the article text

The company's release gives the planned figure as over 1 billion euros, while Intotero's Facebook post cites 1.3 billion euros to 2030, and each figure is reported as its source stated it. Plans presented at the Bucharest event would bring the company's renewable production capacity in Romania to about 1,000 MW by 2030. Giorgos Alexopoulos, deputy chief executive and general director of strategy and new activities, said Romania is set to absorb 60% of the group's electricity investments between 2027 and 2030.

Company press release (over 1 billion)1

Minister Intotero's Facebook post1.3

Company press release (over 1 billion)

1 billion euros

Minister Intotero's Facebook post

1.3 billion euros

Data from the article text

Group strategy and outlook

Shiamishis said the group had virtually no renewables presence about eight years ago and now operates almost 1 GW of projects with roughly 6 GW under development. Its renewables and fuel trading activities span 12 countries, with Romania the newest addition. He described the shift from hydrocarbons to green electricity as an irreversible strategic choice, but warned that Europe has tried to speed up the green transition faster than technology and economics allow. He stressed the need to keep a balance with traditional energy activities, and said the group's Romanian investments would not necessarily be limited to clean energy. The group aims to become one of Romania's most important business and social partners in the coming years.