State Secretary at the Romanian Ministry of Energy Casian Nitulescu said that Romania will increase from the target for the share of electricity derived from renewable resources specified in the Integrated National Energy and Climate Change Plan (NECP) for the 2021-2030 period from 30.7 % to 34 %.
Rising the RES target above the 30.7% level, the level which was criticized by the EU for lacking ambition, was announced in the spring of 2022.
Achieving the new goal would be backed by the several billion euros that Romanian companies can use from the Modernization Fund and the National Recovery and Resilience Plan (PNRR).
Under the PNRR, Romania has 1.6 billion euros for the energy sector, of which 460 million euros is allocated for renewable energy and 300 million euros for high-efficiency cogeneration.
Under the Modernization Fund, electricity transmission system operator Transelectrica will receive 400 million euros to improve the network.
One of the projects included in this upgrade is the modernization of the Constanta Nord – Medgidia Sud transmission line which will enable the connection of wind and solar projects with an overall installed capacity of 600 MW.
