At Vaduri, the modernization will include upgrading hydro aggregate number 2 (HA2), the 110 kV station, and the mechanical and electrical equipment for the plant and dam.
For the Remeți Hydroelectric Power Plant, the project involves modernizing hydrounit number 2 (HA2), the 110 kV station, general installations, and the pressure node, including the Drăgan Dam.
At Arcești, the work will modernize hydrounit number 2 and replace the automation and monitoring systems for hydrounit number 1.
Hidroelectrica Group experienced a decline in operational and financial performance during the first half of 2024 compared to the same period in 2023.
Hidroelectrica signed the contract for the modernization of the Vidraru Hydropower Plant, a project of strategic importance for the National Energy System (SEN).
The refurbishment works are scheduled to be completed within 84 months.
Hidroelectrica has inaugurated the Microcentrala (MHC) Poiana Ruscă, marking the completion of its first investment project with external financing.
Hidroelectrica announced that it has signed an extension of the collaboration agreement with Masdar to develop onshore and floating photovoltaic solar projects,
The overarching goal is for Hidroelectrica to emerge as a leading force and pivotal player in Romania's energy transition.
It is still a long way to embedding ESG principles into corporate culture, operations, and decision-making processes. That was the main takeaway from a panel at CEE ESG Forum 2024 organised by Property Forum and Green Forum in Vienna last November.
FAN Courier, a leading Romanian logistics company, has allocated an investment budget of 40 million euros for 2025, including in renewable energy.
DRI, the European renewables division of Ukrainian energy company DTEK, has successfully connected its 60MW Glodeni II solar park to the Romanian grid.
NXP Semiconductors N.V. announced that it has secured a €1 billion loan from the EIB to advance the company's RDI investments across its broad portfolio of semiconductor solutions.
EIB and Societe Generale have agreed on a new initiative which has the potential to unlock investment of up to €8 billion to support wind energy manufacturers in Europe.
