The winning bidder is the association consisting of Prime Batteries Technology and Enevo Group. Prime is one of the leading producers of energy storage solutions in the European Union and it was established in 2016.
The contract is worth RON79.83 million, excluding VAT, and the implementation period is 12 months from the date of signing the contract.
This investment marks a first for the company, being the first energy storage project with Li-ion batteries implemented by Hidroelectrica. Through this acquisition, the company takes an important step towards resource efficiency, portfolio diversification, and expansion of services by accessing modern technologies in the field. After the storage facility has been put into operation, the nominal power of the facility will be 36 MW, with a nominal storage capacity (energy) of 72 MWh, according to Hidroelectrica representatives.
The investment targets the acquisition and installation of an energy storage solution at Crucea Nord Wind Farm. The main purpose of the investment is to reduce internal imbalances at the wind farm in Hidroelectrica’s portfolio, provide balancing services to the national energy system, improve wind turbine performance and reduce the wear and tear of the turbines’ electromechanical systems.
Hidroelectrica is the largest green energy producer in Romania and provides essential technological services for the National Energy System. The company operates 188 plants with a hydropower capacity of 6.4 GW. It also owns and operates the Crucea Nord Wind Farm, which is located in Constanta County, has an installed capacity of 108 MW and was commissioned in 2014.
Hidroelectrica ended 2024 with RON4.1 billion net profit, down 35% vs 2023, and RON9.1 billion revenues, 25% lower than in 2023, as per data from the company’s preliminary annual financial report.
The company is valued by investors at RON55 billion and is 80.06%-owned by the Romanian State, through the energy ministry. H2O shares have gained 0.3% so far in 2025, amid deals worth RON185 million, in line with stock market data.