Romania’s largest electricity producer, Hidroelectrica announced that it seeks consultants to draft a feasibility study for the construction of a 300 megawatts (MW) photovoltaic plant and a green hydrogen plant on the Olt river with a target production estimated at 15.000 tonnes per year.
The solar park will be located in the former basin of the Fagaras-Hoghiz reservoir lake and the electricity produced will be used primarily to power the green hydrogen plant, which will be built in the second stage of the investment according to Romanian local media.
Hidroelectrica also aims to produce green hydrogen with a 100 MW hydrolyzer which will use water from the Olt river.
The cost of the feasibility study is estimated to be 12.4 million lei (2.5 million euros) and the deadline for submitting offers is 12 July.
Hidroelectrica is the largest electricity producer in Romania, majority-owned by the Romanian state. The company has 209 hydropower plants with a total installed capacity of 6,482 MW in its portfolio.
In December, Hidroelectrica announced it is seeking consultants to draft a feasibility study for the construction of a 50 MW green hydrogen production plant near the Portile de Fier gorge on the Danube.
Hidroelectrica is also involved in the Blue Danube project that aims to create a green hydrogen value chain connecting the renewables capacities in South-Eastern Europe with the growing interest in hydrogen in Western Europe.
In partnership with Austria’s largest electricity provider, Verbund, Hidroelectrica wants to develop green hydrogen through large-scale water electrolysis in Romania, using a mix of green energy. The resulting hydrogen will transfer to the countries in the Transnational Danube Interreg program, Austria, Bulgaria, Czech Republic, Germany, Hungary, Slovakia, Montenegro and Serbia.