On end of December 2020, STEAG GmbH (“STEAG”) and Societatea de Producere a Energiei Electrice in Hidrocentrale Hidroelectrica S.A. (“Hidroelectrica”) signed an agreement concerning the sale of STEAG’s shares in Romanian subsidiaries Crucea Wind Farm S.A. (“Crucea Wind Farm”) and STEAG Energie Romania S.R.L. (“STEAG Energie Romania”) to Hidroelectrica, following a highly competitive process which involved both local and international bidders. The transaction will complete in accordance with conditions stipulated in the agreement.
Hidroelectrica is focused on diversifying its production by adding high-quality renewables capacities to its portfolio, as part of the company`s recently approved development strategy. The company restates its objective of remaining 100% green throughout the portfolio diversification process.
Developed by STEAG and commissioned in 2014, Crucea Wind Farm is one of the most modern and best-maintained onshore wind farms in Romania with an installed capacity of 108MW.
PR
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