HELLENiQ ENERGY has set out plans to invest more than €1 billion in Romania by 2030, positioning the country as its second-largest renewables growth market after Greece. The programme targets a production and storage portfolio of up to 1.3 GW, combining more than 800 MW of renewable energy projects with 500 MW of battery energy storage systems. The investment programme was presented in Bucharest on 9 November, alongside the official launch of HELLENiQ Renewables Romania. For Romania, the plan brings fresh momentum to domestic solar, wind and storage capacity while supporting a more flexible electricity system.

Romania Takes A Larger Role

The proposed investment forms part of HELLENiQ ENERGY’s wider expansion across Southeast Europe. Romania is becoming a central market in the group’s ambitions to build a geographically diversified clean energy portfolio, with solar, wind and storage projects planned across the country.

The Bucharest event brought together company executives, Romanian Government and public authority representatives, energy industry stakeholders, business partners, institutional and investment community members, and media representatives. It marked a public milestone for a programme that began under the company’s Vision 2025 strategy and now sits within its longer-term Vision 2035+ plans.

Andreas Shiamishis, CEO at HELLENiQ ENERGY, stated:

“Romania is a strategic market for HELLENiQ ENERGY and a key part of our long-term growth plans in Southeast Europe. Our commitment to invest over €1 billion by 2030 by establishing a production and storage portfolio of up to 1,3 GW, reflects our confidence in the country’s potential and our ambition to establish a strong and lasting presence in its energy sector.

As one of the leading energy companies in the region, we possess the financial strength, technical expertise and operational experience required to develop and operate modern energy infrastructure. Having successfully completed our Vision 2025 strategy ahead of schedule, we are already entering our next phase of growth, with renewable energy and energy storage playing a pivotal role.

For HELLENiQ ENERGY, the energy transition is both a strategic priority and a significant growth opportunity, driven by realism, consistency and long-term planning. This approach enables us to transform strategic choices into meaningful investments and tangible results”

Solar Wind And Storage Portfolio

HELLENiQ Renewables has assembled a Romanian portfolio exceeding 800 MW of renewable energy sources capacity and 500 MW of battery energy storage systems. The mix includes operational assets, projects under construction and a development pipeline, offering a measured route from investment commitments to electricity generation and storage capacity.

Four solar photovoltaic parks in Teleorman, Giurgiu, Olt and Dolj counties have a combined installed capacity of 211 MW. Their annual output is described as equivalent to the consumption of more than 155,000 households. A separate 96 MW wind farm in Galați County is scheduled for completion in the second quarter of 2027, with expected annual electricity generation equivalent to the consumption of more than 150,000 households.

Further mature wind, solar and storage projects exceed 500 MW of renewable energy sources capacity and 500 MW of battery energy storage capacity. The storage component is particularly relevant to integrating renewable generation into the electricity system and improving grid flexibility.

Investment And Energy Security

The programme connects commercial expansion with Romania’s energy security objectives. Expanding domestic renewable generation alongside battery storage can reduce reliance on imported energy while supporting a more resilient system capable of accommodating greater volumes of renewable power.

Romania’s Ministry of Environment, Waters and Forests was represented at the Bucharest launch, reflecting the national significance of investment in clean energy infrastructure. The projects are also expected to create long-term economic and social value as the portfolio progresses.

Natalia Intotero, Minister of Environment, Waters and Forests of Romania, stated:

“I would like to congratulate HELLENiQ ENERGY on this important milestone on this strong commitment to investing in Romania (…) an investment program expected to exceed one billion euro over the next four years. From the perspective of the ministry of environment, Waters and Forests, investments in renewable energy are not economic opportunities, they are essential steps towards a cleaner environment, a more sustainable economy, and a better future for the next generation.”

A Regional Growth Programme

Romania’s planned capacity will contribute materially to HELLENiQ ENERGY’s regional targets. By 2030, the company expects Romania to represent 40% of its total installed capacity, with 1 GW of renewable energy sources and 0.5 GW of operational battery energy storage systems.

Across Greece, Romania, Bulgaria, Cyprus and the Republic of North Macedonia, HELLENiQ ENERGY manages a renewable energy project portfolio exceeding 6 GW. More than 800 MW is already in operation, while the company is targeting more than 2 GW of installed renewables capacity by 2030.

George Alexopoulos, Deputy CEO at HELLENiQ ENERGY, commented:

“Romania is, after Greece, our most important market for achieving substantial growth in renewables and energy storage. We are already developing a project portfolio exceeding 0.8 GW of RES production capacity and 0.5 GW of BESS, which provides a strong foundation for further expansion and strengthens our position in the growing Romanian market in which we have considerable confidence.

By 2030, Romania, with 1 GW RES and 0.5 GW in operation BESS, will make up 40% of our total installed capacity. Through significant investments over the coming years, we are developing a diversified green energy portfolio that responds to the evolving needs of the electricity market, while continuing to assess additional investment opportunities and strategic partnerships.”

Delivering Vision 2035 Plus

With total renewables and storage investment expected to exceed €2 billion by 2030, HELLENiQ ENERGY is building on its completed Vision 2025 strategy with a broader regional programme. The Romanian portfolio provides a substantial foundation for that next phase, pairing generation with storage in a market the group sees as vital to its Southeast European presence.