hooracán

Founded in 2022 to capitalise on rapidly improving fundamentals for energy transition related investments across Eastern Europe.

Our ambition is to create high-quality, scalable development platforms by effectively allocating development capital to retire project risks and secure routes to market.

hooracán's principals bring extensive global energy and infrastructure sector experience, local market knowledge and a rolodex of industry relationships. We combine our expertise in originating, structuring and developing projects with a deep understanding of emerging and frontier markets.

ABOUT

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BUSINESS MODEL

hooracán's development business model is to piece together often immature or onerous regulatory frameworks with private funding and commercial project fundamentals, in a way that is positively impactful on local communities and financially rewarding for project sponsors.

We do this by originating project sites and charting pathways to environmental consents, access to the transmission system, off-take agreements and non-recourse project financing. Along the way, we procure and manage key technical analyses and secure critical early approvals from main stakeholders.

With this, we introduce our substantially de-risked development projects to like-minded, value-adding investors with access to competitive equity capital.

Hooracán Carbon Solutions is a development platform focused on midstream and downstream elements of carbon capture and storage value chain – transportation and storage in depleted hydrocarbon reservoirs.

We have identified and are currently conceptualising two potential CCS hubs in Romania, capable of sequestering a combined 10 million metric tons of CO2 per annum. In Romania, rich geological history and industrial infrastructure present a significant opportunity for development of CCS. Annual CO2e emissions by Romanian industrial assets amount to over 40 million tons.

Hooracán Carbon Solutions has assembled a senior board of advisors with deep subsurface expertise and extensive experience in oil & gas and CCS sectors, and is currently mapping out routes to secure CO2 storage permits, off-take and transportation rights of way.

Our role is that of an exploration-focused developer. As early-stage risks are retired and there is visibility on a pathway to definitive permits, contracts and concessions, hooracán will partner with equity sponsors that have technical and financial capabilities necessary to engineer, build and operate the projects.

HPI Wind is a special-purpose development platform co-founded by Hooracán and a local partner, aimed at facilitating Moldova’s energy independence by championing domestic utility-scale renewable energy generation.

HPI’s strategy is to create the premier renewable energy developer in Moldova by originating project sites, achieving grid exclusivity, sourcing off-take agreements, and raising debt and equity capital.

HPI has assembled a 205MW onshore wind energy portfolio, with 140MW having already achieved grid exclusivity. Once fully constructed and operational, HPI's projects are expected to generate electricity that will meet 15% of Moldova's consumption demand, bringing the country a step closer to energy independence. In addition, HPI has received a 10MW grid allocation for the first utility scale battery energy storage system in Moldova.

HPI WIND

PLATFORMS

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Hooracán Energy is an offshore wind development platform with a focus on the Black Sea region.

We have originated and are developing a pre-exclusivity portfolio of offshore wind energy projects in Bulgaria and Romania. Our four carefully selected sites have a total potential installed capacity of over 3GW, competitive LCOE fundamentals, and, we believe, are capable of successfully achieving final consenting.

Hooracán Energy's strategy is to de-risk the sites through stakeholder consultations and surveys, to have the most mature projects on the market once offshore wind legislation is enacted and seabed lease auctions are launched.

We execute on this strategy with a bottom-up approach, managing sensitive permitting, social and environmental issues by leveraging our knowledge of development specific to the marine environment and offshore wind energy. We have the know-how to design, procure and manage relevant surveys, analysis and consultations, and are advancing in our journey to unlock offshore wind potential in the Black Sea.

HOORACAN ENERGY

HOORACAN CARBON SOLUTIOS

STATUTORY NOTICES

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15 December 2023, Constanța

Hooracán Energy s.r.l. anunța publicul interesat asupra depunerii solicitării de emitere a acordului de mediu pentru proiectul: “Tomis” - Cercetare Potential Eolian Offshore, propus a fi amplasat în Marea Neagră - zona Portului Constanța.

Informațiile privind proiectul propus pot fi consultate la sediul Agenției pentru Protectia Mediului Constanta: municipiul Constanța, str. Unirii nr. 23 și la adresa titularului hooracán energy s.r.l., cu sediul în mun. București, sector 2, str. Județului, nr. 1, ap. 503, în zilele de luni vineri între orele 9,00- 13,00, sau prin următorul link.

Observațiile publicului se primesc zilnic la sediul autorității competente pentru protectia mediului Constanta.