Hidroelectrica and Masdar strengthen their partnership

A delegation from Hidroelectrica, led by Karoly Borbely, is taking part in an official visit to the United Arab Emirates from April 17 to 19, 2024. This visit marks a milestone in the strengthening of energy relations between Romania and the United Arab Emirates.
Hidroelectrica Masdar partenariat

Partagez:

A delegation from Hidroelectrica, led by Karoly Borbely, is taking part in an official visit to the United Arab Emirates from April 17 to 19, 2024. This visit marks a milestone in the strengthening of energy relations between Romania and the United Arab Emirates. The delegation also includes the Chairman of the Board of Directors, Karoly Borbely, and the Director of the Port of Constanta, Mihai Teodorescu.

Increased cooperation

Cooperation between Hidroelectrica and Masdar intensifies with the planned extension of their joint venture. Innovative projects such as floating photovoltaic solar power plants and energy storage systems are at the heart of this collaboration. The two parties have agreed to extend the scope of their joint venture to include these projects.

A stronger commitment to sustainability

Karoly Borbely, CEO of Hidroelectrica, emphasizes the importance of this cooperation in promoting renewable energies in Romania. The focus is on finalizing shareholder agreements and launching pilot projects, such as the installation of floating solar panels. Borbely also highlights the economic importance of the energy links between Romania and the United Arab Emirates.

Leadership and collaboration in the energy sector

This joint initiative between Hidroelectrica and Masdar illustrates the intensification of both parties’ efforts to promote energy diversification and sustainability. Together, Hidroelectrica and Masdar are paving the way for a more sustainable energy future in Romania. Their collaboration paves the way for new opportunities in the renewable energies sector, both nationally and internationally.

This extension of the partnership between Hidroelectrica and Masdar marks a milestone in Romania’s energy transition. Both parties are committed to working together to promote sustainability and innovation in the energy sector.

Eco Wave Power Global AB will officially launch the first U.S. pilot wave energy project at the Port of Los Angeles on September 9, in partnership with AltaSea, an organization specializing in innovative maritime solutions.
The Burundian government officially launches the first phase of the Jiji-Mulembwe hydroelectric complex, a strategic 49.5 MW capacity project aimed at enhancing national energy supply through substantial international financing.
The Russian company InterRAO anticipates a 4% annual reduction in electricity exports, primarily impacted by a significant decrease in shipments to China due to limited hydroelectric production and rising domestic demand.
The global hydropower plants market is projected to reach USD 318.3 billion by 2032, driven by growing demand for renewable energy, increased adoption of micro-hydropower plants, and heightened government support, according to a recent report.
Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.
Globeleq acquires a majority stake in Lunsemfwa Hydro Power Company, marking its entry into the Zambian energy market with two hydropower plants and a solar project.
The Asian Development Bank provides nearly a million dollars for improving Kyrgyzstan's energy system and considers an additional $150 million for the strategic Kambarata-1 hydroelectric dam.
Ukraine’s national operator Ukrhydroenergo announces an ambitious two-phase reconstruction plan to swiftly restore the Kakhovka hydroelectric dam, destroyed during the conflict, at an estimated cost of up to one billion dollars.
Swedish energy developer Minesto confirmed a 25% increase in output from its Dragon 12 tidal system, marking a key step towards commercial deployment in the Faroe Islands.
Axpo will start major works in May around its Beznau hydropower plant to meet the requirements of its new operating permit valid until 2052, including the creation of new ecological habitats.
Norwegian group Orkla announces the sale of its hydropower portfolio through two separate transactions, valuing the assets at NOK 6.1 billion. A strategic decision aimed at streamlining operations and refocusing priorities.
Eastern Kazakhstan plans to construct five hydropower plants with a total capacity of 74.3 MW, consolidating its position as a national leader in hydropower despite challenges related to land allocation.
Adani Group, a leader in renewable energy, plans to develop 10 GW of hydroelectric capacity in several Asian and African countries, including Bhutan, Nepal, Kenya, and Vietnam, to strengthen its green portfolio and achieve carbon neutrality by 2050.
The international technology group ANDRITZ has been selected to upgrade one of the units of Norway's largest run-of-river hydropower plant, Vamma, increasing its capacity by 22% while improving its energy efficiency.
Eco Wave Power and Lian Tat Sign a Historic Agreement to Develop the First Onshore Marine Energy Installation in Asia, Starting with a 100KW Pilot Project in Taiwan.
Uganda is undertaking the construction of three hydropower plants on the Nile to add 1,632 MW to its electricity capacity while exploring nuclear initiatives to diversify its energy mix in response to growing demand.
EDF and the Groupement d’intérêt public pour la réhabilitation de l’étang de Berre have reached an agreement to optimize the management of freshwater discharges into this Mediterranean lagoon, reducing the risks of suffocation for local fauna and flora.
Uganda boosts its energy capacity with the opening of the Karuma hydropower plant, financed by China to the tune of 1.7 billion dollars, marking a new stage in Sino-Ugandan cooperation.
Plastic waste accumulating in the turbines of the Ruzizi hydroelectric power station has forced us to cut electricity production by half for South Kivu and neighboring regions.
Tajikistan is imposing electricity restrictions due to dwindling water reserves, disrupting its hydroelectric plants and raising concerns about the country's ability to meet energy demand.