The partnership will be implemented through a dedicated investment vehicle, in which Electrica will have the role of main developer, and Romgaz will act as a minority strategic partner. This initiative is based on the convergence between the operational competencies and the energy production capacity of the two companies.
“This partnership marks a defining moment in our Electrica 2030 strategy. After the success of the €500 million green bond issue in July 2025 and the access to €200 million in EIB financing, this collaboration with Romgaz demonstrates that cooperation models between Romanian energy companies can significantly accelerate the transition. We are combining financial strength with technical expertise to develop together with Romgaz 400MW of green capacity, which will directly contribute to the national renewable energy target by 2030,” stated Alexandru-Aurelian Chiriță, CEO of Electrica.
Electrica, serving 4 million customers and operating critical infrastructure on 40% of the national territory, already has a portfolio of about 300 MWp (of which 46.5MWp operational in 2025) and strategic targets of 1 GW production and 900 MWh storage by 2030.
“Today, ROMGAZ takes an important step towards its diversification and energy transition strategy. The memorandum signed with Electrica confirms our commitment to investing in clean energy and strengthening our role as a pillar of Romania’s energy security,” stated Răzvan Popescu, CEO of Romgaz.
The final transaction is conditioned by the due diligence process and corporate approvals.
Electrica, a major player in electricity distribution, supply, and production market in Romania, is 49.8% owned by the Romanian state via the Energy Ministry. In Romgaz, the state holds a 70% stake.
(English version by Catalina Apostoiu)