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.
The deal was approved by Hidroelectrica shareholders earlier this month.
Hidroelectrica, which is 80% owned by the Romanian state and 20% by Fondul Proprietatea, 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.
STEAG and Hidroelectrica signed an agreement in December 2020 concerning the sale of STEAG’s shares in Romanian subsidiaries Crucea Wind Farm and STEAG Energie Romania to Hidroelectrica.