The contract has a value of RON39.2 million, excluding VAT, with a completion period of 14 months (4 months for design and 10 months for execution). The contract was awarded following a competitive open tender procedure with two submitted bids. WALDEVAR Energy, supported by MARINE RESEARCH, SC DHI-SW PROJECT SRL, and MAKOR ENERGY SOLUTIONS, was selected as the winner.
This investment marks a premiere for the company, being the first floating photovoltaic panel system project implemented by Hidroelectrica.
The photovoltaic system consists of 620 Wp photovoltaic panels, 100 kW inverters, total installed power in panels of 10 MW and energy produced of approximately 13.4 GWh/year. Connection to the National Energy System will be made through four transformer stations connected to the existing Ipotesti Hydroelectric Plant substation.
“This is the first floating photovoltaic panel system project for Hidroelectrica and represents a success in our efforts to develop the area of innovation and diversification of production. I would like to take this opportunity to congratulate the team members who contributed to the development of this project and wish them success in the implementation process,” stated Kàroly Borbèly, CEO of Hidroelectrica.
The goal of the investment project, “Floating Photovoltaic Panel System – NUFARUL Pilot Project,” is to create a new electricity generation capacity using a floating photovoltaic power plant located in southern Romania (Olt County) on the reservoir serving the Ipotești Hydroelectric Power Plant, operated by Hidroelectrica.
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 and – in addition, it owns a wind farm at Crucea, with an installed capacity of 108 MW.
This investment reinforces Hidroelectrica’s commitment to renewable energy and the modernization of energy infrastructure, aligned with Romania’s national strategy for a green and sustainable economy.
WALDEVAR Energy is a leading European contractor specializing in renewable energy, particularly in the design, construction, and maintenance of large-scale photovoltaic (PV) plants. They offer full-scope EPC (Engineering, Procurement & Construction) services, handling everything from initial studies to operation and maintenance. With a strong focus on innovation and sustainability, WALDEVAR is known for its in-house expertise and commitment to delivering high-quality, turnkey solutions for both ground-mounted and floating PV projects.