“Romania has immense development potential for renewable energy and Hidroelectrica is willing and able to attract the resources needed to move in that direction. We are looking at all opportunities to diversify production while keeping it 100% green,” said Hidroelectrica CEO Bogdan Badea.
The power producer, which is 80% owned by the state and 20% by Fondul Proprietatea, is focusing on diversifying its production by adding high-quality renewable energy capacities to its portfolio.
The financing was granted under the Green Loan Principles. issued by the Loan Market Association. Green lending is a form of financing that seeks to enable and empower businesses to finance projects which have a distinct environmental impact, or rather, which are directed towards financing ‘green projects’.
Hidroelectrica is the largest renewable energy producer in Romania with a total intalled power of 6,482 MW in 209 stations. Most recently, the company acquired Crucea Wind Farm, which has an installed capacity of 108 MW. It also bid on CEZ’ wind power assets in Romania and is currently looking into the possible acquisition of a 131.25 MW solar park in Arges county to be developed by Portland Trust.