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 โ 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.
