Romanian electricity distributor and supplier Electrica has announced the signing of an agreement to secure approximately €3.4 million in non-refundable European financing through the National Recovery and Resilience Plan (PNRR). These funds will support the development of a battery-based electricity storage project in Fantanele, Mureș County.
The total estimated cost of the project is €21.8 million, with the non-reimbursable financing covering around 20% of this amount. The initiative aims to establish electricity storage units with a total capacity of 69.93 MWh, leveraging battery technology.
Electrica’s CEO, Alexandru Chirita, emphasized that this project marks a significant step toward the company’s strategic goal of maximizing access to grant funds for investments. He highlighted the benefits of battery energy storage technology, which enhances network flexibility and stability, facilitates the integration of renewable energy sources, and contributes to cost reduction while safeguarding critical infrastructure.
This project represents Electrica’s second successful funding application through the PNRR, following a previous financing arrangement for the Satu Mare 2 solar project, developed by its subsidiary, Sunwind Energy. That solar project, boasting an installed capacity of approximately 27 MW, is expected to be completed by the end of this year.
