Greentech marks its debut on the Regulated Market of the Bucharest Stock Exchange
Green Tech International, owner of one of the largest geothermal well portfolios in Europe and a platform for geothermal energy solutions, marks today, February 7, the debut of share trading on the Regulated Market of the Bucharest Stock Exchange (BVB), under the ticker symbol GREEN. It is the first company to list on the stock exchange this year, following four other bond listings that took place in January.
„Green Tech International has entered the Romanian capital market with the goal of becoming a leading provider of sustainable energy solutions to support the decarbonization of critical EU sectors, particularly Data Centers, Sustainable Horticulture, and District Heating. Through our planned projects, we aim to reduce CO2 emissions by more than 500,000 tons annually. As we scale up in these sectors, this reduction is expected to exceed 1 million tons per year. We deliver eco-friendly thermal energy solutions tailored to sectors with high energy demands, leveraging one of the largest geothermal well portfolios in the EU, with a total installed capacity of 300 MWth. Over the next three years, we plan to invest EUR 500 million in innovative projects, including zero-emission food production, sustainable data centers, and carbon-free district heating systems.”, said Horia Pitulea, CEO of Green Tech International.
“We are pleased to see the recent listing of Green Tech on the stock exchange, which shows us that the capital market is a reliable ally in achieving great goals, closely related to sustainability. Green Tech wants to exploit geothermal waters to produce electricity and heat, in addition to the balneo-therapeutic purpose of the resources. The support of this initiative by the stock exchange is proof of maturity and responsibility towards the local economy and, equally, towards the environment. This year has already started strongly in terms of issuers’ concern for sustainability, after a listing of a bond issue linked to sustainability objectives, and now Green Tech joins in, aiming to change the way we relate to geothermal energy.”, said Adrian Tanase, CEO of BVB.
The offer and the stock market debut of Green Tech International on the Regulated Market were carried out with the support of Swiss Capital S.A. The IPO preceding the listing of the company’s shares took place between 19 and 30 December 2024. According to the prospectus, Green Tech International aims to strengthen its presence in industries that offer optimal synergies, such as sustainable food production, urban heating and cooling solutions for data centers. As an example, the company aims to invest, among others, in the development of the Agroindustrial Geothermal Park in Calimanesti, Vâlcea, using approx. 23.5 MW of geothermal energy for the heating of the city of Calimanesti, cold storage facilities and fruit and vegetable processing facilities.
About Green Tech International
Green Tech International S.A. is a European leader in geothermal energy, boasting over 12 years of experience in developing and managing 83 deep geothermal wells—42 directly owned and 41 under management—comprising one of the largest portfolios in Europe. With 300 MWth of installed heating and cooling capacity, the company is positioned to capitalize on its substantial, geologically risk-free resources by investing in downstream industries that offer optimal synergies: Sustainable Food, District Heating, and Cooling Solutions for Data Centers.
All Green Tech International investments focus on synergistic industries where products require significant amounts of heat and cooling—resources that the company has an abundant and readily available supply. In line with its growth and sustainability strategy, Green Tech International successfully completed an initial public offering (IPO) on the Bucharest Stock Exchange in December 2024.
About Bucharest Stock Exchange
BVB is the only securities market operator in Romania. BVB, listed on its own market since 2010, is part of the BVB Group that includes the Central Depository, the institution responsible for the register and settlement operations in Romania, and, since October 2019, the central counterparty, i.e. CCP.RO, an institution that is to take up the clearing of securities transactions in Romania and to contribute to the re-launching of the derivatives market. BVB manages two separate markets, the Regulated Market and the Multilateral Trading System, which lists a variety of financial instruments such as stocks, bonds, fund units, certificates, structured products, and preferential rights.
The efforts of the BVB and of its stakeholders to modernize and develop the capital market in Romania have also been acknowledged by the country’s promotion to the Emerging Market status in 2020, by Russel, the global FTSE index provider.
A number of 11 Romanian companies are currently included in the FTSE Russell indices for emerging markets. Further information can be found on www.bvb.ro. BVB ended 2024 with a record number of transactions, over 2.6 million representing a 32% increase compared to 2023, a record capitalization of listed companies of RON 363 billion which represents 18% increase compared to the previous year and an advance for the BET and BET-TR indices of 8.8% and 16.1%, respectively. For more information, visit www.bvb.ro.
10.02.2025 / Editor, Andreea Dragan
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