Latin America is fast emerging as a pivotal region in the global clean energy transition. Governments across the region are investing heavily in solar, wind, and storage
The objective of the call is to put into operation a minimum of 240 MW of electricity storage in batteries, which equals 480 MWh, by June 30, 2026. The aim is to contribute to Romania''s National Recovery and Resilience
The EUR 110 million project will be financed by the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International, each extending a EUR 55 million loan. The projects will help
Supported by the EBRD, Romania has this week launched a Contract for Difference (CfD) mechanism for the construction of renewable energy installations and opened
Minister of Energy Sebastian Burduja signing 24 financing contracts for self-consumption solar and storage projects, worth nearly €14 million. Image: Ministry of Energy. A 204MW battery energy storage system
In April, Romania''s largest battery storage system, of 24 MWh, was put into operation. It is the first phase of a project totaling 216 MWh. The facility is connected to the Mireasa wind farm of 50 MW, while a 35 MW solar
The 99.2 MW onshore wind project located in Romania''s eastern county of Galati is already being funded by Austria''s Erste Group [BSE:EBS] and its local unit Banca
The company aims to build a multi-gigawatt portfolio of wind, solar and energy storage across Central and South Eastern Europe, taking renewable energy projects from late-stage development through construction
Romania''s Ministry of Energy has signed 24 financing contracts through the Modernization Fund to support investments in renewable energy and energy storage. The
BCR and Erste Group will serve as the sole lenders for the project, providing both financing and ancillary services, according to a press release from the Romanian bank.
The construction work has started on the Green Breeze wind park, an important project for the development of renewable energy in Romania. The project was sold to Nala Renewables
For Casa Verde 2024, the company anticipates an increase in managed projects. It also installs solar systems for individuals financing their own energy solutions and
In Romania it aims to surpass 2 GW by the end of 2026. Wind turbines arrive to Pecineaga Danish developer and operator of wind, photovoltaic and hybrid projects Eurowind Energy said the construction of its Pecineaga
The Romanian Ministry of Energy has launched a grant program for battery energy storage systems developed in conjunction with existing renewable energy facilities -
This training course provides participants with comprehensive expertise on the design, modeling, and optimization of wind-solar hybrid systems, equipping them to plan, implement, and
The INVL Renewable Energy Fund I, managed by INVL Asset Management, has signed a €29.3 million loan agreement with Kommunalkredit Austria AG to finance the
Supported by the EBRD, Romania has this week launched a Contract for Difference (CfD) mechanism for the construction of renewable energy installations and opened the first auction for 1.5 GW of renewable energy
In its first, the Romanian government has allocated EU funds for two major battery energy storage projects via the National Recovery and Resilience Plan. A utility-scale solar-plus-storage site in northwest of the
OX2 is leveraging its integrated development model in Romania and projects like Green Breeze showcase this integrated business model. OX2 sold the asset, a 99MW
Powering Romania''s Future: Navigating the New Era of Solar, Storage, and Grid Innovation Solar Energy Market | National Energy and Climate Plan | Storage Solutions As Romania aims for 8 GW of renewable capacity by 2030 and over
Whether a standalone or co-located project, understanding market risks is vital for successful investments," Panos Kefalas, Research Lead at Aurora Energy Research, adds.
The electricity market operator OPCOM has published the list of 21 companies with which contracts were signed after the completion of the first auction related to the Contracts for Difference (CfD) mechanism 21 companies
Romania is rapidly emerging as a premier destination for renewable energy investment in the European Union, driven by strong economic growth, a strategic geographic position, and
The Romanian Ministry of Energy has launched a grant program for battery energy storage systems developed in conjunction with existing renewable energy facilities – wind, solar, or hydro.
Approximately 1.5 GW of solar PV and onshore wind was awarded in this first round in Romania, while the remainder of a total auction plan of 5 GW is expected to be awarded in 2025. With this award, Scatec will
2 天之前· The project is ready to build, having secured a connection contract, as well as building permits for the photovoltaic installation, the storage facility and the cable route. Construction is
Specifically, Romania allocated EUR 80 million (USD 87m) under its National Recovery and Resilience Plan for an energy storage programme expected to award 1.8 GW of capacity. Submitted projects as part of the scheme are being assessed and contracts are due to be signed in September.
(EUR 1.0 = USD 1.088) Romania aims to have at least 2.5 GW of battery energy storage systems (BESS) in operation by next year and to surpass 5 GW of capacity by 2026 under a plan that is seen to help it cope with high energy prices.
The total indicative targeted capacities are: 5 GW installed capacity for onshore wind projects and 1.5 GW installed capacity for solar projects – a second round of auctions to be held in the first half of 2025.
Hence, replacement and re-powering projects or extensions of existing wind or solar power plants are not eligible under the CfD Scheme. Nevertheless, bidders may sign EPC contracts or any other binding supply contracts, as long as such contracts have been signed after July 2022.
CfDs will be offered to eligible generators through a competitive auction process managed by Transelectrica SA, the country's national power grid company. CfDs will be issued by the Romanian Electricity and Gas Market Operator "Operatorul Pietei de Energie Electrica SA" (OPCOM) as the counterparty to the contracts (CfD Counterparty).
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