Nuclearelectrica generates 33% of Romania’s clean energy, with strategic investments expected to increase this portfolio by 66% by 2030.
To date, the Three Seas Initiative Investment Fund has invested in two renewable energy joint ventures (Enery Development and R.POWER) with significant development portfolios in Central and Eastern Europe, including Romania.
“Nuclearelectrica, through the operation of high performance units 1 and 2 of the Cernavoda nuclear power plant, is a strategic pillar for Romania’s energy security. By partnering with the Three Seas Initiative Investment Fund to develop a renewable energy production Joint Venture in Romania, we want to further expand our contribution to Romania’s energy security, energy independence and consumer protection”, said Cosmin Ghiță, CEO of Nuclearelectrica.
The fund is not allowed to invest in the nuclear sector, and any partnership with Nuclearelectrica would be in a separate, ring-fenced entity focused on renewable energy assets, Nuclearelectrica said in a press release.
By 2030, Romania aims to reduce greenhouse gas (GHG) emissions by 55%; reduce import dependency from 20.85% to 17.8% and phase out up to 4.59 gigawatts of electricity (GWe) from coal-based energy by 2032 and replace it with clean energy sources.
