SUBSCRIBE
PROFILE

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.

Share:

Hidroelectrica Masdar partenariat

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE

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.

  • Popular on energynews.pro
OT Cyberattacks: Energy Sector Faces $329 Billion in Risks
Funds Push European Carbon Positions to Highest Since April
Eleven US companies selected to fast-track small nuclear reactor testing
OPEC+ Cuts Production Despite Higher Quotas in July
Shanghai Electric commissions Manah-1 solar plant in Oman with 500 MW
Eco Wave Power installs its first wave energy floaters at the Port of Los Angeles
Eco Wave Power has completed the installation of floaters for its pilot project in Los Angeles, marking a strategic milestone in the validation and commercialisation of its wave energy technology in the US market.
Brookfield invests up to $1 billion to increase its stake in Isagen
Brookfield Renewable announces an investment of up to $1 billion to increase its stake in the Colombian energy company Isagen to 38%. Qatar Investment Authority (QIA) is also co-investing to raise its stake to 15%.
China allocates $167.1bn for strategic dam in Tibet
Beijing has launched the construction of a colossal dam on the Yarlung Tsangpo, with $167.1bn in public investment, drawing attention from New Delhi and downstream states.
Brookfield signs 3,000 MW agreement with Google for hydropower in the United States
Brookfield and Google formalise an unprecedented framework agreement to supply up to 3,000 MW of hydropower, with initial contracts worth more than $3 billion for facilities in Pennsylvania.
Eco Wave Power completes production of floaters for its wave energy pilot project in Los Angeles
Eco Wave Power Global AB announces the completion of floaters manufacturing for its first American pilot plant, marking a major step towards the imminent deployment of wave energy at the Port of Los Angeles.
Eco Wave Power receives €2.45mn from EU to deploy wave energy
Eco Wave Power Global AB joins a consortium funded with €2.45mn by the European Interreg Atlantic Area programme to accelerate commercial implementation of wave energy technologies in Atlantic coastal regions.
Minesto completes reorganization to optimize costs and prepare for commercial projects
Minesto has completed a reorganization that led to a 35% reduction in fixed costs and a focus on its future commercial projects. This reorganization includes geographical streamlining, a new management team, and a realignment of product development priorities.
Eco Wave Power obtains authorization to repurchase 10% of its ADS
Eco Wave Power shareholders approve renewed authorization to repurchase American Depositary Shares representing up to 10% of the company's total share capital, during the 2025 Annual General Meeting held in Stockholm, Sweden.
Japan certifies 1.1MW tidal turbine connected to national grid
Proteus Marine Renewables' AR1100 tidal turbine, with a capacity of 1.1MW, obtains official Japanese certification and starts supplying electricity to the national grid after meeting stringent safety and reliability standards.
Minesto receives €2.1mn for tidal-powered microgrid project in Faroe Islands
Swedish company Minesto will lead a consortium awarded €2.1 million funding to install an autonomous tidal-powered microgrid in the Faroe Islands aimed at off-grid communities.
Eco Wave Power inaugurates its first American project at the Port of Los Angeles
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.
Burundi Inaugurates Major $320 Million Hydroelectric Power Plant
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.
Agilitas Energy acquires two hydroelectric projects totalling 44 MW in the United States
Agilitas Energy purchases two advanced-stage hydroelectric projects in West Virginia and Maryland, marking its entry into hydropower to bolster its capacity on the U.S. power grid.
Russia Forecasts Drop in Electricity Exports to China
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.
Global Hydropower Plants Market to Reach USD 318 Billion by 2032
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 plunged into darkness after forced shutdown of hydroelectric plant
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 51% of Lunsemfwa Hydro Power in Zambia from Norfund
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.
Asian Bank Funds Kyrgyz Energy Upgrade and Targets Kambarata-1 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 plans post-war reconstruction of strategic Kakhovka 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.
Minesto boosts Dragon 12 tidal turbine performance by 25%
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.
Consent Preferences