HELLENiQ ENERGY plans to invest more than €1 billion in Romania by 2030 through its subsidiary HELLENiQ Renewables. The group is targeting a production and storage portfolio of up to 1.3 GW. Battery storage is drawing other players in Europe: Return secured €835 million to expand its battery storage in Germany, while Endesa started building 120 MWh of batteries at three existing solar plants in Spain. HELLENiQ ENERGY presented its Romanian program at an event held in Bucharest on 9 November, marking the official launch of HELLENiQ Renewables Romania.

A portfolio of over 800 MW and 500 MW of storage

According to the company, HELLENiQ Renewables has built a portfolio in Romania exceeding 800 MW of renewable energy sources (RES) capacity and 500 MW of battery storage (BESS, for Battery Energy Storage Systems). The portfolio combines operational assets, projects under construction and a development pipeline. It includes four solar photovoltaic parks with a combined installed capacity of 211 MW, located in Teleorman, Giurgiu, Olt and Dolj counties. The group says these parks generate each year the equivalent of the consumption of more than 155,000 households.

A 96 MW wind farm is also planned in Galați County, with completion scheduled for the second quarter of 2027. The company indicates it would generate the equivalent of the annual consumption of more than 150,000 households. The portfolio also includes other mature wind, solar and storage projects, exceeding 500 MW of renewable capacity and 500 MW of storage.

A path to more than €2 billion by 2030

HELLENiQ Renewables is developing solar, wind and storage projects across 5 countries, with total capacity exceeding 0.8 GW today. The subsidiary is targeting more than 2 GW of renewable capacity by 2030. Romania becomes its second growth market after Greece. According to the group, total investments in renewables and storage are expected to exceed €2 billion by 2030, more than the amount originally set under the Vision 2025 strategy.

Investments in Romania began under that Vision 2025 strategy. Andreas Shiamishis, CEO of HELLENiQ ENERGY, says it was completed ahead of schedule and calls Romania a "strategic market" and a "key part" of the group's long-term growth plans in Southeast Europe. Natalia Intotero, Romania's Minister of Environment, Waters and Forests, welcomed an investment program expected to exceed one billion euro over the next four years. HELLENiQ ENERGY states that the investments will contribute to the country's energy security, to the integration of renewables into the electricity system and to grid flexibility and resilience.