The Abu Dhabi National Energy Company (TAQA), the Romanian Power Grid Company Transelectrica, the paris-based global investor Meridiam, the Romanian company specializing in modern infrastructure E-INFRA, and the global EPC company Fluor, have signed a Memorandum of Understanding (MoU) for a feasibility study of an HVDC infrastructure project in Romania.
With a shared commitment to energy security and clean energy, the companies intend to conduct a feasibility study to explore the technical, economic, and legal prerequisites for a landmark project that would see the design, construction, and development of an underground 850km HVDC infrastructure with the capability to bring an additional 5GW low carbon power capacity to Romanian communities and the European Union (EU).
This infrastructure would be placed along the route of the Tuzla-Podișor and the Bulgaria-Romania-Hungary-Austria (BRUA) gas pipelines, leveraging the existing corridor routes. Romania’s Ministry of Energy in alignment with its vision for sustainable energy transition, has extended institutional support to the MoU activities. Furthermore, proactive engagement with the other relevant Romanian authorities is in progress to enable the requisite regulatory backing.
As the global demand for reliable, efficient, and long-distance electricity transmission solutions continues to rise, HVDC technology is emerging as a key enabler. HVDC systems offer numerous advantages, including lower electricity losses during transmission, enhanced grid stability, and the ability to smoothen the integration of renewable energy sources often located far from the existing infrastructure.
With nations increasingly shifting towards cleaner and more sustainable energy systems, HVDC has become a strategic tool for modernizing power grids and supporting the global transition to renewable energy. Additionally, the growth of international power exchange projects and the expansion of offshore wind farms further drive the demand for HVDC technology.
The signatories have brought their extensive experience and expertise, underscoring their commitment to realizing this ambitious target. The project has the potential to reshape the energy landscape, fostering sustainability and green energy production for Romania and Europe.
Jasim Husain Thabet Group CEO & MD TAQA
“We are pleased to be a part of this ambitious project, which is a strategic collaboration between the governments of Romania and UAE, setting the stage for a future powered by low carbon electricity in Romania. The HVDC infrastructure will provide unprecedented flexibility in crucial sectors of the national energy system while simultaneously stimulating green energy production. As the HVDC market continues to evolve and innovate, it presents significant opportunities for businesses, utilities, and stakeholders across the energy sector, shaping the future of global electricity transmission and distribution. As a low carbon power and water champion, TAQA has firmly established its experience with critical infrastructure like HVDC, which enables both energy security and decarbonization of energy systems.”
In the near future, Romania is expected to harness its substantial energy resources in the Black Sea region, making it one of Europe’s largest sources of sustainable energy accessible to the continent. The energy resources of the Black Sea region, coupled with strategic interconnections with the EU, will position Romania as a potential energy hub.
The feasibility study project is TAQA’s second Electricity Transmission project outside the UAE and the third major HVDC project undertaken recently. Earlier this year, TAQA invested $31 million into Xlinks First Limited to lay the world’s longest HVDC subsea cables between the United Kingdom (UK) and Morocco to transport renewable power to the UK.
In September 2022, TAQA and the Abu Dhabi National Oil Company (ADNOC) reached financial closing for a strategic project to provide 3.2GW of power to significantly decarbonize ADNOC’s offshore production operations through a first-of-its-kind HVDC sub-sea transmission network in the MENA region.
