HELLENiQ Energy Holdings Societe Anonyme (LSE: HLPD) has announced a major investment programme of over €1 billion in Romania by 2030, establishing the country as its second most important renewables growth market after Greece. The Athens-headquartered integrated energy group launched HELLENiQ Renewables Romania at a high-level event in Bucharest on 9 November 2026, attended by Romanian government officials and energy sector stakeholders. The announcement confirms that total group-wide renewable energy and storage investments will exceed €2 billion by 2030, surpassing the company's original Vision 2025 targets. Investors will be watching whether the expanded Romania portfolio accelerates the group's broader transformation under its Vision 2035+ strategy.

Key Points

  • HELLENiQ Energy Holdings Societe Anonyme (LSE: HLPD), listed on the Athens Exchange as ELPE and on the London Stock Exchange via GDRs
  • The company has committed over €1 billion to Romania by 2030, targeting up to 1.3 GW of combined renewable energy production and battery energy storage capacity
  • Romania's portfolio already exceeds 800 MW RES and 500 MW BESS; a 96 MW wind farm in Galați County is scheduled for completion in Q2 2027
  • Investors should watch progress toward the group's 2 GW installed renewables capacity target by 2030 and further strategic partnerships in Romania

HELLENiQ Renewables Romania Launches with 211 MW Solar and 96 MW Wind Already Under Development

The announcement states that HELLENiQ Renewables Romania's existing portfolio includes four solar photovoltaic parks with a combined installed capacity of 211 MW, located across Teleorman, Giurgiu, Olt and Dolj counties. These assets generate energy annually equivalent to the consumption of more than 155,000 households, according to the company. A 96 MW wind farm in Galați County is scheduled for completion in the second quarter of 2027, with expected annual generation equivalent to the needs of more than 150,000 households. Additional wind, solar and storage projects exceeding 500 MW RES and 500 MW BESS capacity are described as mature projects within the pipeline.

Romania to Represent 40% of HELLENiQ Energy's Total Installed Capacity by 2030

Deputy CEO George Alexopoulos stated in the announcement that Romania, with 1 GW RES and 0.5 GW battery energy storage in operation by 2030, will account for 40% of the group's total installed capacity. This marks a significant geographic concentration of investment for a company that currently operates across five countries — Greece, Romania, Bulgaria, Cyprus and the Republic of North Macedonia — with a renewable energy project portfolio exceeding 6 GW under management and more than 800 MW already operational. The scale of the Romanian commitment reflects the group's confidence in the country's grid integration potential and long-term energy market growth.

Vision 2025 Targets Exceeded Ahead of Schedule as Vision 2035+ Strategy Takes Shape

The company disclosed that its Vision 2025 strategy has been completed ahead of schedule, with total renewables and storage investment now expected to exceed €2 billion by 2030, surpassing the original programme target. Under Vision 2035+, renewables, power generation and energy storage are described as increasingly important pillars of long-term growth. The group is also developing an integrated Green Utility unit following its 100% acquisition of Elpedison, now rebranded Enerwave, a Greek power and gas generation and supply company. HELLENiQ Energy was established as Hellenic Petroleum in 1998, with roots tracing to Greece's first refinery in 1958.

Romanian Government Endorses HELLENiQ Investment as Strategically Important for Energy Security

Romanian Minister of Environment, Waters and Forests Natalia Intotero commented at the Bucharest launch event that the investment programme, expected to exceed one billion euros over the next four years, represents essential steps toward a cleaner environment and a more sustainable economy, according to the announcement. The company states the investments will contribute to Romania's energy security, support renewable energy integration into the electricity system, and enhance grid flexibility and resilience. A key risk specific to HELLENiQ Energy is the execution complexity of developing a multi-technology, multi-county portfolio across a foreign regulatory environment within a defined four-year investment window.