Romania launches two state aid schemes for renewable energy production

Green Forum
The Ministry of Energy in Romania has launched two project calls within the Modernization Fund under Key Program No. 1 - Renewable Energy Sources and Energy Storage - Supporting investments in new capacities for electricity production from renewable sources for self-consumption.

The project call is competitive with a competitive bidding procedure, based on 2 selection criteria.

"The total value of the investments will exceed 2 billion euros, which will generate local development, better-paid jobs, and lower prices on bills for Romanians and companies. We anticipate financing 1700-2000 MW in new production capacities, plus the same amount for self-consumption, with a minimum of 70% of energy for local consumption. These are projects that will be completed in the next two years. Through these calls, the Ministry of Energy continues its efforts to achieve the goals of transitioning to green energy and reaffirms its support for the development of new production capacities from renewable sources, maintaining our motto: investments, investments, investments," stated the Minister of Energy, Sebastian Burduja.

The total estimated budget is the equivalent in lei of 415,000,000 euros and represents non-repayable amounts from the Modernization Fund.

The eligible activities under this project call include:

Establishing new capacities for electricity production from wind sources
Establishing new capacities for electricity production from solar sources (up to 5 MW inclusive)
Establishing new capacities for electricity production from solar sources (over 5 MW)
Establishing new capacities for electricity production from hydro sources
The second call launched this morning aims to support investments in new capacities for electricity production from renewable sources for projects concerning societies and autonomous administrations, as indicated by the institution.

The total estimated budget is the equivalent in lei of 400,000,000 euros and represents non-repayable amounts from the Modernization Fund.

Within this competitive bidding procedure, non-repayable projects aimed at implementing one of the actions mentioned below can be financed:

Establishing new capacities for electricity production from wind sources
Establishing new capacities for electricity production from solar sources
Establishing new capacities for electricity production from hydro sources.

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Green Forum  |  20 June, 2024 at 8:04 AM