Electrica Signs a Memorandum with Liberty Galati

Summary by AI ^BETAClose X

Societatea Energetica Electrica SA has signed a Memorandum of Understanding with Liberty Galati S.A. to jointly develop renewable energy production and storage capacities of up to 500 MW on Liberty Galati's land. This collaboration aims to enhance self-consumption, power supply reliability, and optimize long-term costs by leveraging the companies' strategic complementarities and financial capabilities. The partnership, which will be finalized after feasibility studies and corporate approvals, is expected to create added value for investors and set a new performance benchmark in the Romanian energy industry.

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Societatea Energetica Electrica SA

24 February 2026

Announcement -24 february 2026

Electrica and Liberty Galati Signed a Memorandum of Understanding for the Development of Joint Energy Projects

Electrica informs investors that it signed today, 24 February 2026, a Memorandum of Understanding with Liberty Galati S.A. regarding the joint development of renewable (fotovoltaic) energy production and storage capacities of up to 500 MW, on land plots owned by Liberty Galati S.A.. The proposed operating model aims to maximize self-consumption and power supply reliability, while optimizing costs over the long term. The chosen structure allows for leveraging the strategic complementarities between the two entities.

Alexandru-Aurelian Chiriță, Electrica's CEO: "Under this agreement, Electrica and Liberty Galati intend to leverage their technological and financial capabilities as a catalyst for transformation within Romania's energy landscape. Final partnership terms are to be defined following feasibility studies and will be implemented once all corporate approvals are secured. This initiative aims to establish a model of excellence adapted to current sustainability requirements, with the goal of setting a new performance benchmark in the Romanian energy industry. For Electrica, this partnership is an excellent opportunity to generate added value for our investors, as well as for the energy industry, by leveraging our experience in the energy transition."

Contact details:

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

CEO

Alexandru-Aurelian CHIRIȚĂ

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