Romanian electricity distributor and supplier Electrica has secured shareholder approval for a series of initiatives aimed at strengthening its financial position and expanding its renewable energy portfolio. Key measures include the issuance of green bonds worth up to 500 million euros and significant investments in solar power projects.
The green bond issue, which could raise as much as 500 million euros, is a central component of Electrica’s strategy to finance its transition to sustainable energy. This move aligns with growing EU pressure on energy companies to reduce carbon emissions and commit to greener practices. Electrica is focused on boosting its investments in renewable energy to ensure long-term growth and resilience as the energy landscape shifts toward sustainability.
In addition to the green bonds, shareholders also approved a syndicated credit facility of approximately 625 million euros. This facility will be used to refinance existing debt and support Electrica’s ongoing investment strategy. The new funding is expected to provide the company with greater financial flexibility as it embarks on new renewable energy projects and modernization efforts.
Shareholders also gave the green light to two major solar projects, set to significantly expand Electrica’s presence in the solar energy sector. The projects, located in the northwestern counties of Satu Mare and Bihor, will require a combined investment of 83 million euros. The two solar installations will have a total projected capacity of 140 MW, with the Bihor project also including an option for integrated energy storage.
Electrica’s CEO, Alexandru Chirita, emphasized that these approvals are a critical step in the company’s journey toward becoming a leader in sustainable energy. The green bond issuance and credit facility will provide the financial resources needed to meet Electrica’s ambitious goals, while the solar projects will further strengthen its position in the renewable energy market.
