Electrica has signed a Memorandum of Understanding with Romgaz regarding the joint development of renewable energy production and storage capacities with a total installed capacity of up to 400 MW, exclusively through greenfield projects.
The two companies will initiate a collaboration model to implement a common vision: the integrated development of a 400 MW capacity in renewable energy. This initiative is based on the convergence of the operational skills and energy production capacity of the two companies, generating a distinct value proposition on the regional market.
The partnership will be implemented through a dedicated investment vehicle, in which Electrica will play the role of the main developer, and Romgaz will act as a minority strategic partner. The chosen structure allows for the capitalization of the strategic complementarities between the two entities.
Electrica has 4 million customers and critical infrastructure on 40% of the national territory, and brings its expertise in developing photovoltaic projects demonstrated by its current portfolio of around 300 MWp (of which 46.5 MWp operational in 2025), as well as its strategic targets of 1 GW production and 900 MWh storage by 2030.
“This partnership marks a defining moment in our Electrica 2030 strategy. After the success of the EUR 500 million green bond issue in July 2025 and the access to EUR 200 million in EIB financing, this collaboration with Romgaz demonstrates that cooperation models between Romanian energy companies can significantly accelerate the transition. We combine financial strength with technical expertise to develop together with Romgaz 400MW of green capacity, which will directly contribute to the national renewable energy target by 2030″, said Alexandru Chiriță, CEO Electrica.
“Today, Romgaz takes an important step towards its energy diversification and transition strategy. The memorandum signed with Electrica confirms our commitment to investing in clean energy and strengthening our role as a pillar of Romania’s energy security,” added Răzvan Popescu, Romgaz General Manager.