Romanian energy group Electrica gets shareholder approval for EUR 500 mln green bond, major solar projects

Romanian energy group Electrica (BVB: EL) on Friday secured shareholder approval for a series of initiatives aimed at strengthening its financial position and boosting its renewable energy portfolio, including the issuance of green bonds worth up to EUR 500 million and major investments in solar power projects.

The green bond issuance, which could raise as much as half a billion euros, is a core part of Electrica’s strategy to finance its transition to sustainable energy, aligning with growing EU pressure on energy companies to reduce carbon emissions. Electrica, Romania’s largest electricity distributor, is moving to expand its investments in green energy projects to secure long-term growth and resilience in a shifting energy landscape.