HELLENiQ ENERGY announces the completion and start of commercial operations of two photovoltaic parks in southern Romania, marking a key milestone in the Group's international renewables growth strategy. The two solar parks, have a combined capacity of 58 MW and represent HELLENiQ ENERGY's first operational renewable energy assets in the country.
The projects form part of the agreement signed in 2023 with METLEN for the development and acquisition of four solar projects with a total capacity of 211 MW. The remaining two projects under the agreement, with a total capacity of 153 MW, are expected to be completed and enter commercial operation in 2026.
The launch of the Romanian solar parks marks the beginning of the Group's operational presence in Romania's renewable energy market and confirms the consistent implementation of its strategy to accelerate international growth in green energy.
Looking ahead, the construction of a 96 MW wind farm in northeastern Romania is scheduled for completion in the second quarter of 2027, bringing HELLENiQ ENERGY's total installed capacity in the country to over 300 MW.
HELLENiQ ENERGY's total renewable energy portfolio in Romania exceeds 850 MW, including a balanced mix of technologies - solar and wind projects combined with energy storage systems - that enhances the flexibility and resilience of the regional energy system.
HELLENiQ ENERGY reaches 564 MW of renewable capacity in operation
HELLENiQ ENERGY is currently present in the renewables sector across five countries - Greece, Romania, Cyprus, Bulgaria and the Republic of North Macedonia - with the Group's total renewable capacity in operation reaching 564 MW.
As part of its strategic plan, HELLENiQ ENERGY aims to reach 1.5 GW of installed renewable capacity within the next three years and more than 2 GW by 2030, focusing on vertical integration, geographic and technological diversification, and the creation of long-term value.
Following the integration of Enerwave in 2025, the Renewables, Power and Gas business are a central pillar of the Group's transformation and growth strategy, forming a vertically integrated electricity and natural gas regional platform with an increasing contribution to financial performance.
George Alexopoulos, Deputy CEO of HELLENiQ ENERGY, said:
"Romania is a strategic market for the development of our renewable energy portfolio, and the launch of our first RES projects in the country marks an important step towards building a strong regional renewable energy platform for HELLENiQ ENERGY in Southeastern Europe.
Developing renewable energy projects in dynamic markets across the region strengthens energy security, reduces dependence on non-EU energy suppliers and enables offering more competitive energy costs for consumers.
With consistency, realism and disciplined execution of our investment program, we are advancing the development of our strategic pillar in Renewables, Power and Natural Gas. This allows us to further expand and diversify our broader business portfolio while creating long-term value for our shareholders and the societies in which we operate".
About HELLENiQ ENERGY
HELLENiQ ENERGY is one of the leading integrated energy companies in Southeast Europe. Established as HELLENIC PETROLEUM in 1998, with roots dating back to Greece's first refinery in 1958, HELLENiQ ENERGY has grown to become Greece's largest company and one of the biggest in SE Europe, by annual revenue1. Vigorously pursuing an ambitious transformation strategy, it has evolved into a regional energy leader and currently has presence in 8 countries and growing international operations, with a diversified portfolio spanning across the energy value chain.
HELLENiQ ENERGY is active in the production, supply and trading of all types of energy, with an increasing focus in clean energy and renewables. Its portfolio includes refining, supply and trading of oil and petrochemical products, hydrocarbons exploration and production, as well as fuels marketing, while growing fast in the renewable energy business.
Moreover, HELLENiQ ENERGY is developing an integrated Green Utility strategic business unit, following the 100% acquisition of Elpedison - now rebranded to Enerwave, a Greek power and gas generation and supply company. This new business unit will produce and supply energy -primarily from renewables- directly to the Greek market, delivering on the Group's commitment to a just, affordable, and secure energy transition.
Headquartered in Athens, Greece, HELLENiQ ENERGY is listed on the Athens Exchange (ticker: ELPE), with a secondary listing on the London Stock Exchange (LSE: HLPD) through Global Depository Receipts (GDRs).
