HELLENiQ ENERGY announced on Tuesday that it plans to accelerate its regional growth with an investment of over €1 billion in Romania, targeting a portfolio of up to 1.3 GW in renewable energy production and storage by 2030.
For HELLENiQ ENERGY, "Romania becomes the second most important renewable growth market after Greece, playing an increasingly significant role in its regional expansion strategy," the company said in a press release.
Through its subsidiary HELLENiQ Renewables, HELLENiQ ENERGY is planning to develop a diversified portfolio of solar, wind and energy storage projects across 5 countries, with total capacity exceeding 0.8 GW today and targeting more than 2 GW RES capacity by 2030.
On Monday, a high-level event was held in Bucharest organised by the company, which marked the official launch of HELLENiQ Renewable Romania, and brought together senior executives, government representatives, energy industry stakeholders and members of the investment and institutional communities.
The company's venture in Romania forms part of HELLENiQ ENERGY'S Vision 2025 strategy and "has since grown to accelerate the transition to green energy and expand the international reach of the company’s portfolio," it said.
The investments, according to the company, will contribute to Romania’s energy security, support the integration of renewable energy into the electricity system, and enhance grid flexibility and resilience, creating long-term economic and social value.
