June 21, 2024
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Romania, Hidroelectrica to acquire up to three energy suppliers

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The largest Romanian electricity producer Hidroelectrica said that it will propose to its shareholders to approve the tenders for the provision of merger and acquisition, as well as due diligence consultancy services that will aid the company’s efforts to purchase up to three electricity and natural gas suppliers in the Romanian market.

The statement from the company said that it plans to further expand its supply portfolio in order to shield itself from the volatility of wholesale energy markets, thus allowing an increase in the predictability of the company’s revenues. Also, the expansion of the supply portfolio is the most efficient way to monetize the green certificates obtained from its renewable energy production portfolio. Last year, Hidroelectrica acquired a 108 MW Crucea wind farm.

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