HELLENiQ ENERGY is taking yet another significant step toward implementing its growth and international expansion strategy, significantly strengthening its presence in the Romanian market with planned investments totaling €1.0 billion through 2030.
HELLENiQ ENERGY’s investment plan for renewable energy and energy storage projects in Romania was presented on Monday, November 9, at an event in Bucharest, marking the official launch of its subsidiary, HELLENiQ Renewables Romania.
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
The event was attended by representatives of the Romanian government and relevant authorities, members of the business and investment community, institutional bodies, partners, media representatives, and executives from HELLENiQ ENERGY.
Confidence in Romania’s Potential
Romania is now HELLENiQ ENERGY’s second-most important market—after Greece— most important market for HELLENiQ ENERGY’s renewable energy operations, playing a more central role in the company’s plans for further expansion in Southeast Europe.
Through HELLENiQ Renewables Romania, HELLENiQ ENERGY is developing a diversified portfolio of photovoltaic, wind, and energy storage projects, with a total capacity of over 800 MW of renewable energy and 500 MW of storage, which are currently in operation, under construction, or at an advanced stage of development.
These investments strengthen the security and flexibility of the national and European power systems, contribute to energy security, and accelerate Romania’s energy transition.
By dynamically strengthening its presence in the Romanian market, HELLENiQ ENERGY continues to implement its strategy for growth and a strong regional presence.
HELLENiQ ENERGY CEO Andreas Siamis stated:
“Romania is a strategic market for HELLENiQ ENERGY in the renewable energy sector and a cornerstone of our long-term growth plans in Southeast Europe. Our commitment to invest over €1 billion by 2030 and to build a portfolio of renewable energy parks and BESS storage projects totaling up to 1.3 GW reflects our confidence in the country’s prospects, as well as our strategic choice to leverage our strong performance by investing in cleaner forms of energy for the future and expanding our Group’s international presence. Having successfully completed our Vision 2025 strategic plan ahead of schedule, we are already moving forward with our next phase of growth, with Renewable Energy Sources and energy storage continuing to be one of our key growth pillars alongside the hydrocarbons sector.
For HELLENiQ ENERGY, the energy transition is a strategic priority as well as a significant growth opportunity, as it is grounded in realism, consistency, and long-term planning. With this approach, we translate our strategic choices into concrete investments and projects. Guided by the same philosophy, we are also investing in Romania, with the goal of contributing to the country’s energy security and resilience, while creating lasting value for the economy, our partners, and local communities.”
Natalia Intotero, Romania’s Minister of Environment, Water, and Forests, emphasized:
“I would like to congratulate HELLENiQ ENERGY on this important milestone and on its strong commitment to investing in Romania, with an investment program expected to exceed €1 billion over the next four years.
From the perspective of the Ministry of Environment, Water, and Forests, investments in renewable energy sources are not merely economic opportunities, but essential steps toward a cleaner environment, a more sustainable economy, and a better future for the next generation.”.
From Strategic Planning to Operational Projects
HELLENiQ Renewables has already established a strong operational footprint in Romania, with a portfolio of renewable energy projects in operation, under construction, and in advanced stages of development totaling over 800 MW of renewable energy capacity and 500 MW of energy storage.
Particular emphasis is placed on energy storage, which is a key priority of the Group’s development strategy. In this context, HELLENiQ Renewables is developing battery energy storage systems (BESS) in combination with renewable energy projects as well as independently, with a total capacity exceeding 500 MW and a storage capacity of 1,500 MWh, with potential for further expansion.
At the same time, it is moving forward with the development of new projects, expanding its portfolio both geographically and technologically.
HELLENiQ Renewables Romania’s portfolio includes:
- Four operational solar farms, with a total capacity of 211 MW, in the Teleorman, Giurgiu, Olt, and Dolj regions. They generate electricity equivalent to the annual consumption of more than 155,000 households.
- A 96 MW wind farm in the Galați region, which is expected to be completed in the second quarter of 2027 and will generate electricity equivalent to the annual consumption of more than 150,000 households.
- Additional renewable energy and energy storage projects are under development with a total capacity exceeding 500 MW.
HELLENiQ ENERGY’s Deputy CEO, Mr. George Alexopoulos, emphasized:
“Romania is, after Greece, the most important market for our growth in the renewable energy and energy storage sectors. In the first phase, we are developing a particularly significant portfolio of projects, with a capacity of over 0.8 GW of renewable energy and 0.5 GW of storage, which lays the groundwork for further expansion and strengthens the Group’s presence in a market with significant prospects.
By 2030, with 1 GW of renewable energy and 0.5 GW of energy storage in operation, Romania will account for 40% of our total installed capacity. We are investing in a diversified clean energy portfolio, tailored to the needs of the modern electricity market, which enhances the resilience, flexibility, and security of Romania’s energy system, while we continue to evaluate new opportunities and strategic partnerships.”
Steady Implementation of the Growth Strategy in Southeast Europe
Development in Romania is part of HELLENiQ ENERGY’s broader development strategy as an integrated energy group with a strong presence across the entire energy value chain and aextensive international footprint.
As part of the Vision 2035+ strategy, renewable energy sources and energy storage play a central role, with the aim of developing a balanced energy portfolio that combines different technologies and markets.
HELLENiQ ENERGY currently has a portfolio of renewable energy and storage projects exceeding 6 GW, with more than 800 MW already in operation across 5 countries (Greece, Romania, Bulgaria, Cyprus, the Republic of North Macedonia), and aims to reach an installed renewable energy capacity of over 2 GW by 2030, with total investments in renewable energy and storage exceeding €2 billion.
