Helleniq Energy plans €1 billion outlay for BESS and renewables portfolio in Romania

Greek energy group Helleniq Energy has announced plans to invest more than €1 billion in Romania by 2030, targeting a significant portfolio expansion.

Through its subsidiary Helleniq Renewables, it is developing a portfolio of solar, wind, and battery energy storage system (BESS) projects in the country, with Romania set to become the company’s second-most important renewables growth market after Greece.  It aims to establish a “production and storage portfolio” of up to 1.3 GW in Romania.

Helleniq Renewables said its Romanian portfolio exceeds 800 MW of renewable energy capacity and 500 MW of BESS, including operational assets, projects under construction and a development pipeline. The company presented the investment and development program at an event held in Bucharest on November 9, which it said marked the official launch of Helleniq Renewables Romania. 

The Helleniq Renewables Romania portfolio currently consists of four solar photovoltaic (PV) parks with a combined installed capacity of 211 MW in Teleorman, Giurgiu, Olt and Dolj counties. The company is also developing a 96 MW wind farm in Galați County, which is scheduled for completion in Q2 2027. 

The broader pipeline includes more than 500 MW of renewable energy projects and 500 MW of BESS capacity. 

Deputy CEO George Alexopoulos said Helleniq Energy expects to have 500 MW of battery storage capacity in operation in Romania by 2030. 

“Romania is a strategic market for Helleniq Energy and a key part of our long-term growth plans in Southeast Europe. Our commitment to invest over €1 billion by 2030 by establishing a production and storage portfolio of up to 1.3 GW reflects our confidence in the country’s potential and our ambition to establish a strong and lasting presence in its energy sector,” said Andreas Shiamishis, CEO of Helleniq Energy.

Across five countries, Helleniq Energy said it manages a renewable energy project portfolio exceeding 6 GW, with more than 800 MW already operational. The company is targeting more than 2 GW of installed renewable capacity by 2030 and expects total investments to exceed €2 billion. 

Last month, Helleniq Renewables completed the construction of the 100 MW / 200 MWh Thessaloniki BESS.