The Extraordinary General Meeting of Shareholders (AGEA) Electrica approved today a series of decisions, including two investment projects in renewable energy production and energy storage.

The Satu Mare 3 photovoltaic park project has an estimated investment value of EUR 36.15 million and an installed capacity of 62.5 MWp, and it is located near Doba commune, Satu Mare county.

The Bihor 1 photovoltaic park project has an estimated investment value of EUR 46.89 million and a projected installed capacity of 77.4 MW, and it is located in Bihor County, in the area of ​​Inand, Cefa and Mădăras. The project also provides for the option of installing a storage capacity.

Alexandru Chiriță, CEO of Electrica, said: “Today we took important steps in strengthening the financial and strategic position of the company, by approving some essential measures for our future. Issuing green bonds and accessing the credit facility are tools that support our sustainable development and energy transition goals. In addition, the approval of the investment in the two photovoltaic parks strengthens our desire to become a reference player in the production of renewable energy, thus contributing to energy security and environmental protection. These decisions reflect shareholder confidence in the company’s strategic direction and our commitment to creating long-term value.”