Greek energy group HELLENiQ ENERGY plans to invest more than 1 billion euros in Romania by 2030, expanding its renewable energy and battery storage operations as part of its strategy to grow across Southeast Europe.
The investment programme was presented on November 9 in Bucharest at the launch of HELLENiQ Renewables Romania, the group’s newly established local platform for developing its business in the country.
The company is developing a portfolio of solar, wind and battery energy storage projects with a capacity of more than 800 megawatts (MW) of renewable energy and 500 MW of battery energy storage systems (BESS), including assets in operation, under construction and at advanced stages of development.
HELLENiQ ENERGY Chief Executive Andreas Shiamishis said Romania was a strategic market and a key pillar of the group’s long-term growth plans in Southeast Europe.
The investment commitment reflected the company’s confidence in Romania’s prospects and its intention to establish a long-term presence in the country’s energy sector, he said.
HELLENiQ Renewables already operates four photovoltaic parks in Romania, with a combined installed capacity of 211 MW, located in the counties of Teleorman, Giurgiu, Olt and Dolj. The facilities generate enough electricity to meet the annual consumption of more than 155,000 households, the company said.
The group is also developing a 96 MW wind farm in Galati County, which is expected to be completed in the second quarter of 2027 and produce enough electricity to supply more than 150,000 households annually.
In addition, its pipeline includes advanced-stage wind, solar and storage projects with a combined capacity of more than 500 MW of renewables and 500 MW of battery storage.
Battery storage is a central component of HELLENiQ ENERGY’s expansion strategy in Romania, with the company developing both standalone systems and facilities co-located with renewable energy projects.
The planned storage portfolio has a total capacity of 1,500 megawatt-hours (MWh), positioning it among the largest battery storage project pipelines currently under development in Romania, the company said.
The projects are expected to improve grid stability, facilitate the integration of additional renewable energy capacity and strengthen the resilience of the country’s electricity system.
Sotiris Kapellos, chief executive of HELLENiQ Renewables, and Mihai Darie, country manager of HELLENiQ Renewables Romania, said the company planned a battery storage programme of at least 500 MW and 1,500 MWh.
Romania had become one of the most attractive renewable energy markets in Southeast Europe, offering opportunities for further growth through investment, partnerships and innovation, they said.
The executives added that the group’s projects would support the country’s energy transition while increasing flexibility and resilience across the national power system.