Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
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Romania, Solar projects with a combined installed capacity of 3 GW will be completed in Romania by the end of 2025

According to energy consulting REI, solar projects with a combined installed capacity of 3 GW will be completed in Romania by the end of 2025 thanks to availability of EU funding.

One-sixth of the overall number represents projects completed by REI itself during 2022 under the two main schemes: Component 6 of the National Relaunch and Resilience Program (managed by the Ministry of Energy with a call opened last spring) and a final allocation on the Energy Schemes of the Large Infrastructure Operational Program – POIM.

Regarding further schemes, the Government is preparing green funding from the Modernization Fund: over 1.5 billion euros for companies and local authorities. Also, the Ministry of Energy is preparing one of the most eagerly awaited green energy funding programs in Romania, with a multiyear allocation of over 1.5 billion euros.

The Modernization Fund provides companies and local authorities with non-reimbursable funds for investments in renewable energy solutions.

According to the guidelines launched for public consultation last autumn, applicants can obtain up to 20 million euros in non-repayable support per investment project, both for alternative energy production (solar, wind, biomass, biogas, hydrogen or hydro) and for self-consumption.

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