Hidroelectrica, Masdar plan offshore wind, floating PV in Romania

Romanian hydropower producer Hidroelectrica has inked a deal to establish a joint venture with Abu Dhabi Future Energy Company, better known as Masdar, for the development of offshore wind and floating solar projects in the Southeastern European country.

Hidroelectrica said in a statement that it signed the agreement on Monday at an event in Abu Dhabi attended by Romanian President Klaus Iohannis and Minister of Energy Virgil Popescu, as well as UAE’s own energy minister Suhail Mohamed Al Mazrouei.

"The combination of Masdar’s experience in the development and construction of renewable energy capacities, its financial strength, and Hidroelectrica’s local expertise and own resources, has the potential to revolutionise both the pace of development and the size of investments in Romania,” commented Bogdan Badea, Chairman of Hidroelectrica’s Management Board.

The company did not give further information with regard to the planned joint investments.

Hidroelectrica currently operates 187 hydropower plants in Romania, with a combined capacity of 6.3 GW, along with the 108-MW Crucea onshore wind park.

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