Energy | 19 November, 2024 at 6:24 PM
Romania launches €150 million battery storage grant
The Romanian Ministry of Energy launched a grant program funded by the Modernization Fund.
The Romanian Ministry of Energy launched a grant program funded by the Modernization Fund.
The total amount exceeds €278 MILLION.
Romania has signed the accession to the International Solar Alliance (ISA), a strong commitment of the Romanian government to support and promote solar energy as the main source of clean and sustainable energy.
Sunwind Energy SRL, a subsidiary of the Electrica Group, and the Ministry of Energy have signed the non-refundable financing contract from the National Recovery and Resilience Plan (PNRR), for a photovoltaic park in the project phase.
Several Romanian companies receive money from the state through PNRR for green hydrogen production. The Ministry of Energy signed financing contracts for 7 projects to build green hydrogen production capacities.
Renewable energy sources could reach a share of approximately 34% in 2030. Europe has assumed that by 2050 it will become the first climate-neutral continent.
More than 3,000 MW of solar energy projects are to be installed in Romania in the next two years, thanks to European funds. The government is preparing green funding from the Modernisation Fund: over €1.5 billion for companies and local authorities. Romania is among the top 10 countries in alternative energy consumption.
After about 10 years, green energy is once again the star of investments in the energy sector in Romania, says the state secretary of the Ministry of Energy, George Niculescu.
Join Lisa Chase and Tjidsger Wierda for a workshop on 28 May
Rezolv Energy has commissioned the St. George solar park in Silistra, Bulgaria, marking the company's first project to become operational. The 225 MW facility reached full operational status in under three years from acquisition of development rights.
In a video interview recorded at Bratislava Property Forum 2026, Hubert Abt FRICS, CEO of workcloud24, explains why energy performance is emerging as the most important operational metric, how investors are approaching sustainability and what it takes to create real value through data-driven asset management.
Sinovoltaics has launched PV Lab Test Advisor v1.0, a web-based assessment tool designed to build project-specific reliability testing scopes for utility-scale solar PV projects.
ProCredit Bank Romania has launched a CO2 Emissions Calculator to help microenterprises and small and medium-sized enterprises quantify and understand their carbon footprint. This initiative reflects the Procredit Group's commitment to achieve net-zero emissions by 2050, with client engagement at the core of its Climate Action Strategy.
