STEAG and Hidroelectrica have signed an agreement concerning the sale of STEAG’s shares in Romanian subsidiaries Crucea Wind Farm and STEAG Energie Romania to Hidroelectrica, following a highly competitive process which involved both local and international bidders.
Hidroelectrica is focusing on diversifying its production by adding high-quality renewable energy capacities to its portfolio, as part of the company’s recently approved development strategy. The company restates its objective of remaining 100% green throughout the portfolio diversification process.
Developed by STEAG and commissioned in 2014, Crucea Wind Farm is one of the most modern and best-maintained onshore wind farms in Romania with an installed capacity of 108 MW.
In 2019, Hidroelectrica produced 15.2 TWh of electricity in its 209 hydropower plants with a total installed capacity of 6.4 GW.
With a turnover of EUR873 million, EUR613 million EBITDA and EUR290 million net profit, Hidroelectrica is the biggest and most valuable state-owned company in Romania.