REG - Soc EnergElectricaSA - MoU - Electrica and Romgaz - green energy projects

Societatea Energetica Electrica SAAnnouncement

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RNS Number : 5810Y  Societatea Energetica Electrica SA  09 September 2025

Announcement - 9 September 2025

Electrica and Romgaz signed a Memorandum of Understanding for the Development
of Green Energy Production and Storage Capacities of up to 400 MW

Electrica informs investors that it signed today, October 9, 2025, in the
presence of the Minister of Energy, Mr. Bogdan Ivan, a Memorandum of
Understanding with Romgaz regarding the joint development of renewable energy
production and storage capacities with a total installed capacity of up to 400
MW, exclusively through Greenfield projects.

The two companies will initiate a collaborative model to implement a common
vision: the integrated development of a 400 MW renewable energy capacity. This
initiative is based on the convergence between the operational competencies
and the energy production capacity of the two companies, generating a distinct
value proposition in the regional market. The partnership will be implemented
through a dedicated investment vehicle, in which Electrica will have the role
of main developer, and Romgaz will act as a minority strategic partner. The
chosen structure allows the capitalization of the strategic complementarities
between the two entities.

Electrica, serving 4 million customers and operating critical infrastructure
on 40% of the national territory, brings expertise in the development of
photovoltaic projects, demonstrated by its current portfolio of about 300 MWp
(of which 46.5MWp operational in 2025) and its strategic targets of 1 GW
production and 900 MWh storage by 2030.

Alexandru-Aurelian Chiriță, CEO of Electrica: "This partnership marks a
defining moment in our Electrica 2030 strategy. After the success of the
€500 million green bond issue in July 2025 and the access to €200 million
in EIB financing, this collaboration with Romgaz demonstrates that cooperation
models between Romanian energy companies can significantly accelerate the
transition. We are combining financial strength with technical expertise to
develop together with Romgaz 400MW of green capacity, which will directly
contribute to the national renewable energy target by 2030."

Răzvan Popescu, CEO of Romgaz: "Today, ROMGAZ takes an important step towards
its diversification and energy transition strategy. The memorandum signed with
Electrica confirms our commitment to investing in clean energy and
strengthening our role as a pillar of Romania's energy security."

The Memorandum lays the foundation for a cooperation architecture that
capitalizes on the optimal timing of the market - convergence between
technological maturity, capital availability and decarbonisation imperatives.
The final transaction, conditioned by the due diligence process and corporate
approvals, will define the parameters of a collaboration aimed at redefining
the standards of excellence in the Romanian energy sector.

Contact details: Electrica Investor Relations - ir@electrica.ro ; +40731796111

 

Alexandru-Aurelian CHIRIȚĂ

CEO, Electrica S.A.

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