Green Forum • 14 November, 2024 at 9:32 AM
Electrica's shareholders have approved the issuance of green bonds, supporting the company's strategy for energy transition and sustainable development, with a cap of up to €500 million.
During the Extraordinary General Meeting of Shareholders (EGMS) on November 8, shareholders approved all agenda items.
Key decisions included the approval of the green bond issuance as part of the company's strategy to promote energy transition and sustainable development. "The cap for this issuance is up to €500 million," the company stated.
In addition, two renewable energy production and energy storage investment projects were approved.
The first project is the Satu Mare 3 photovoltaic park, with an estimated investment of €36.15 million and an installed capacity of 62.5 MWp, located near the village of Doba in Satu Mare County.
The second project is the Bihor 1 photovoltaic park, with an estimated investment of €46.89 million and a planned capacity of 77.4 MW, located in Bihor County, near the towns of Inand, Cefa, and Mădăras. This project also includes the potential for energy storage systems for balancing and profiling purposes.
“We've taken significant steps to strengthen Electrica's financial and strategic position with key decisions for our future. The green bond issuance and the credit facility will help us achieve our energy transition and sustainable development goals. Additionally, the approval of investments in the two photovoltaic parks underscores our ambition to be a leading player in renewable energy production, contributing to energy security and environmental protection. These decisions reflect shareholder confidence in our strategic direction and our commitment to long-term value creation,” said Alexandru Chiriţă, CEO of Electrica.