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Romania''s Ministry of Energy has signed 24 financing contracts through the Modernization Fund to support investments in renewable energy and energy storage. The agreements, aimed at
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The Romanian Ministry of Energy has launched a public consultation on a new state aid scheme to support investments in electricity storage capacities, funded through the Modernization
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Let''s cut to the chase: The Bucharest Energy Storage Center Project Tender isn''t just another infrastructure deal. With Romania aiming to boost its renewable energy capacity to 30% by
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Minister of Energy Sebastian Burduja reportedly declared at a conference that Romania''s storage requirement is 4,000MWh, and that half would be covered by BESS and half by pumped hydro
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The aim of the scheme is to support investments in battery electricity storage facilities, allowing for a smooth integration of renewable energy coming from wind and solar sources in the
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Romania has allocated EUR 80 million under its National Recovery and Resilience Plan (PNRR) for energy storage projects, which is expected to result in contracts for a total of 1.8 GW of
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The financial support in the form of direct grants was announced by the government in November, reported by Energy-Storage.news at time, and will go towards at least 616MWh of battery storage
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The call for projects “Supporting investments in the development of electricity storage capacities (batteries) with financing from the Modernization Fund” is extended by one month,
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In addition, the Ministry of Energy has announced a new state aid scheme supporting investment in the development of storage capacities for energy storage (batteries).
Contact UsThe aim of the scheme is to support investments in battery electricity storage facilities, allowing for a smooth integration of renewable energy coming from wind and solar sources in the Romanian power system. Under the scheme, the aid will take form of a direct grant to projects selected through a competitive bidding process.
Following the positive assessment of the Romanian Recovery and Resilience Plan, the Commission has approved a €103 million Romanian scheme to support the construction of electricity storage facilities.
Burduja has also called for investments in energy storage, stressing that the Ministry of Energy is making non-refundable grants available for this purpose. Romania wants mature projects that can be implemented quickly and that can help balance the system, he was quoted as saying.
Romania expects its overall energy storage to amount to at least 2.5 GW in operating power at the end of 2025, and to expand to as much as 5 GW a year later, local media reported, citing Minister of Energy Sebastian Burduja.