“Green Hydrogen @ Blue Danube” entails the production of “green” hydrogen through the electrolysis of water by large-scale in Romania, using a mix of renewable energy (off grid wind power and on-grid hydropower); It also entails the transport of green hydrogen on the Danube towards users in the countries that are part of the Interreg Danube Transnational Programme (DTP), such as Austria, Bulgaria, Czech Republic, Germany, Hungary, Slovakia, Montenegro, Serbia, Moldova, Ukraine; Also, “low-cost transport on the Danube, via a dedicated fleet of tank barges (with and without propulsion, with the propulsion being also “green”); the implementation of the infrastructure needed for the use of hydrogen in the participating member states, along the Corridors of the Trans-European Transport Network (TEN-T).
Hidroelectrica said the concrete value of the investment objective will be set based on a feasibility study that will approved by the corporate management bodies of the partners.
Hidroelectrica ended 2020 with a net profit of RON1.45 billion, up 4.8% on the year, and revenues of RON3.9 billion, down 8.7% on the year.
An initial public offering of a minority stake in Romanian state-owned hydropower producer Hidroelectrica could take place towards the end of 2021 in the best-case scenario, after the government scrapped a bill that froze the sale of state assets for a period of two years. Before the coronavirus pandemic, Romania planned to list around 20% of Hidroelectrica in 2020.
The company is 80% owned by the Romanian state and 20% by Fondul Proprietatea.