Romania’s leading electricity producer Hidroelectrica acquired 100 per cent of the shares in the Crucea Wind Farm formerly developed by energy supplier Steag.
Made operational in 2014, the Crucea Wind Farm is one of the most modern onshore wind farms in Romania, with an installed capacity of 108 megawatts (MW).
“The decision taken today by the shareholders makes Hidroelectrica the first state-owned company to mark a successful M&A,” noted Bogdan Badea, the company’s director. “It is a success for both the Romanian state and the company, a moment that changes perspectives and demonstrates that when there are interest and involvement, Romanian energy companies can be at least as competitive in the development area as private ones. The acquisition of the Crucea Wind Farm confirms the success of the objective we set out to reach when we discussed the Hidroelectrica strategy – that of diversifying the company’s production portfolio and making green energy a unique development priority. We remain in the area of renewable energies through everything we propose and we want Hidroelectrica to keep its status as a 100 per cent green company.”
Hidroelectrica is the largest green energy producer in Romania currently operating 209 plants, with a total installed capacity of 6,482 MW.