Greek energy group Helleniq Energy is planning to invest over €1 billion (US$1.1 billion) in clean energy projects in Romania by 2030.
The investment aims to accelerate the company’s international expansion and build a portfolio of renewables and energy storage of up to 1.3GW in the coming years.
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Through its subsidiary, Helleniq Renewables, it is currently developing solar PV, wind and energy storage projects across five countries – Greece, Romania, Bulgaria, Cyprus and the Republic of North Macedonia – with capacity exceeding 800MW and a target of 2GW by 2030. The company’s renewables and energy storage development portfolio exceeds 6GW.
With this investment, Romania will become the company’s second most important renewables growth market after Greece.
Earlier this year, the company started commercial operations at its first two solar PV projects in Romania. These two PV plants are part of a portfolio acquisition combining 211MW of capacity from fellow Greek energy group Metlen in 2023.
On top of this solar PV portfolio, Helleniq has a further 500MW of solar PV and wind mature projects and 500MW of battery energy storage system (BESS) in development in Romania.
“Romania is a strategic market for Helleniq Energy and a key part of our long-term growth plans in Southeast Europe,” said Andreas Shiamishis, CEO of Helleniq Energy, adding that the commitment to invest more than €1 billion in Romania reflects the company’s confidence in “the country’s potential and our ambition to establish a strong and lasting presence in its energy sector.”
According to George Alexopoulos, deputy CEO of Helleniq Energy, by 2030 the company will have 1GW of renewable energy and 500MW of BESS operational in Romania, which would make 40% of Helleniq’s total installed capacity.
Solar PV interest in the south-eastern European country has been on the rise in the past couple of years and could continue growing in the next few years after Romanian electricity transmission system operator (TSO) Transelectrica published new grid allocation rules in November of last year.
A grid reform that came on the heels of an oversubscribed round of Contracts for Difference auctions for solar PV and wind, which awarded more than 1.4GW of solar PV capacity.
PV Tech publisher Informa will be organising the sixth edition of SolarPlus Central & Eastern Europe in Warsaw, Poland, on 24-25 November 2026. Central & Eastern Europe has emerged as one of the most dynamic solar and energy storage markets, marking the evolution of the event from Large Scale Solar CEE to SolarPlus CEE, and addressing the hybridisation of the market throughout the two days. For more details regarding the event’s programme and how to register, click the link above.
