hidroelectrica

Romania: Hidroelectrica awards contract for first floating solar power plant Read More »

Romania: Hidroelectrica awards contract for first floating solar power plant

Romanian electricity producer Hidroelectrica has awarded a contract for the development of its first floating solar power plant, a key component of the Nufarul pilot project. This initiative marks a major step for the company as it begins integrating floating photovoltaic technology into its renewable energy portfolio. The contract was awarded through an open public […]

Romania: Hidroelectrica reports significant profit decline amid severe hydrological drought in Q1 2025 Read More »

Romania: Hidroelectrica reports significant profit decline amid severe hydrological drought in Q1 2025

Hidroelectrica reported a net profit of about 119 million euros for the first quarter of 2025, which represents a significant decrease of 56 percent compared to the same period last year. Although the company exceeded budget forecasts in both operational and financial terms, the results were weaker than those recorded in the first quarter of

Romania: Hidroelectrica launches first solar project at hydropower plants on Olt River Read More »

Romania: Hidroelectrica launches first solar project at hydropower plants on Olt River

Romanian electricity producer Hidroelectrica has signed a contract to fully implement a solar energy project at its hydropower plants (HPPs) along the middle and lower Olt River. This marks the company’s first foray into solar energy and represents a key step in diversifying its renewable energy portfolio. The project aims to capitalize on the solar

Romania: Hidroelectrica sees 38% drop in Q1 2025 output, confirms €800 million dividend payout Read More »

Romania: Hidroelectrica sees 38% drop in Q1 2025 output, confirms €800 million dividend payout

Romanian state-controlled electricity producer Hidroelectrica reported a sharp year-on-year decline in electricity output for the first quarter of 2025, with gross generation falling 38% to 2,735 GWh. Net production mirrored this decline, also down 38% to 2,656 GWh. Electricity sales dropped by 36% to 2,843 GWh, while electricity purchases rose 10% to 196 GWh. The

Romania: Hidroelectrica launches first energy storage project at Crucea Nord wind farm Read More »

Romania: Hidroelectrica launches first energy storage project at Crucea Nord wind farm

Romanian electricity producer Hidroelectrica has signed a contract with Prime Batteries Technology and Enevo Group to install a Li-ion battery storage system at the Crucea Nord wind farm. The €16 million project (excluding VAT) will deliver a 36 MW / 72 MWh storage facility aimed at improving wind farm efficiency, providing balancing services to Romania’s

Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project Read More »

Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project

Romanian state-owned electricity producer Hidroelectrica has allocated approximately €20 million (excluding VAT) for advancing the Pascani hydropower plant (HPP) project on the Siret River. The investment focuses on acquiring and installing hydromechanical systems for four gates of the spillway dam. The contract encompasses a full turnkey solution, including design services, construction work, as well as

Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025 Read More »

Romania: Hidroelectrica to complete long-delayed Rastolita hydropower plant by 2025

Romanian electricity producer Hidroelectrica is set to complete the long-awaited Rastolita hydropower plant in Mures County by the end of 2025, following government approval to clear over 30 hectares of forest to finalize construction. Energy Minister Sebastian Burduja confirmed that the plant is 89% complete, with more than 144 million euros already invested in the

Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast Read More »

Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast

The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica to shareholders, sent the company’s shares down by 2.55%.  The revision was prompted by a change in the electricity price outlook, only partly compensated by the higher production forecast.  Total operating revenues are rectified

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