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.
“Today’s decision makes Hidroelectrica the first state-owned company to mark a successful M&A. It is a success for the Romanian state and for society, a moment that shifts perspectives and shows that, with interest and commitment, Romanian energy companies can be just as competitive about development as private companies,” said Hidroelectrica CEO Bogdan Badea.
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.
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. The deal is pending antitrust clearance.