Aurora Energy Research foresees double digit internal rates of return for standalone battery energy storage (BESS) projects entering the market as early as 2026, while
Romania has committed in its LTS (Romania''s Long-Term Strategy for Reducing Greenhouse Gas Emissions – Neutral Romania in 2050) to an installed wind and solar energy
Joshua Murphy: For Econergy, 2024 was a landmark year for energy storage, marked by significant achievements in project execution, financing, and international expansion.
In another interesting collaboration, Prime and Simtel aim at increasing energy efficiency, reduce costs, and accelerate the implementation of sustainable projects, both in
The call for projects "Supporting investments in the development of electricity storage capacities (batteries) with financing from the Modernization Fund" is extended by one month, namely until February 17,
This diverse group of stakeholders underscores the growing support for energy storage as a critical component of the future energy infrastructure. Mufasa stands out as the largest utility-scale battery storage
CONTEXT The energy market in Romania is gearing up for further fundamental changes this year. We start with the preparations for the abolition of the energy price cap
The Ministry of Energy will allocate another 150 million euros for electricity storage batteries, as shown by a call for projects launched in public consultation. The general
Similar to other renewable energy projects, the addition of construction bridge debt provides an additional source of capital to pay construction costs, but also adds complexity to the project financing of an
Romanian power distributor Premier Energy PLC (BSE:PE) has wrapped up the acquisition of a majority stake in a company that holds the rights to a 49-MWdc solar project with battery storage in Buzau County, southeastern
EGC 2025 Romania: A Driving Force in Europe''s Energy Market Transformation Published 20 December 2024 Romania is positioning itself as a vital contributor to Europe''s energy security, sustainability, and market
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
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050. The energy sector remains a focal point for investment, with significant projects underway
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
As the Romanian Ministry of Energy takes steps to encourage investments in standalone battery energy storage systems (BESS) through support schemes and an improved tariff regime, one regulatory challenge
Minister Burduja during his recent visit to Romania''s largest operating BESS project with an installed capacity of 24 MWh Romania has launched a new non-refundable
"As other European BESS markets become increasingly saturated, Romania stands out," said Evangelos Gazis, Aurora''s head of Southeastern Europe, adding that the
Both the US and global energy storage markets have experienced rapid growth over the last year and are expected to continue expanding. An estimated 650 gigawatts (GW) (or 1,877 gigawatt-hours) of new
Romania has allocated EUR 80 million under its National Recovery and Resilience Plan (PNRR) for energy storage projects, which is expected to result in contracts for a total of 1.8 GW of capacity, according to
Renalfa IPP invests in a 258 MWac solar project in Romania, enhanced by 1000 MWh of energy storage, to support the grid and the country''s energy transition.
Romania has opened a programme supporting the installation of standalone battery energy storage systems (BESS) with a total of EUR 150 million (USD 155.3m) in non-refundable funding.
Hosted at the JW Marriott Bucharest, this one-day event will bring together industry leaders, policymakers, and key stakeholders to explore the booming opportunities in
Head of storage Bozkurt Aydinoglu, has told NPM that Aukera Energy is in conversations with potential lenders as it looks to secure debt financing for a 299.75 MWh BESS project that it is
After debt payments have been made, other investors (like equity investors) will be paid. In general, project''s assets are used as collateral to the loan. This type of financing is common in renewable energy projects because building solar,
The Romanian Ministry of Energy has extended the deadline for submitting projects under the call for investments aimed at developing electricity storage capacities, with
In an accelerated wave of investments, companies in Romania are combining battery energy storage systems (BESS) with solar, hydro or wind energy, or building
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
As such, we''re providing this "Cheat Sheet for Energy Storage Finance" based on our work as buy-side and sell-side investment bankers experienced in both energy storage venture capital and project finance. I''m also including some
An assessment of Romania'' s potential for renewable energy – update with offshore; The electricity demand evolution in Romania towards 2030 – update and impact of COVID-19 for
Romania has committed in its LTS (Romania''s Long-Term Strategy for Reducing Greenhouse Gas Emissions – Neutral Romania in 2050) to an installed wind and solar energy capacity of about 24 GW by 2035,
The Government of Romania adopted the National Energy Strategy 2025-2035, with the perspective of 2050 - the first programmatic document of this kind passed by the Government in the last 17 years. The
Whether a standalone or co-located project, understanding market risks is vital for successful investments," Panos Kefalas, Research Lead at Aurora Energy Research, adds.
Today, the Minister of Energy, Sebastian Burduja, announced on Facebook that an additional €150 million will be invested in Romania’s energy sector. "I am pleased to announce that the Ministry of Energy is launching a new call for projects financed through the Modernization Fund, aimed at investments in energy storage capacities (batteries).
The projects must focus on building new energy storage capacities in Romania," the minister stated. According to the minister, as quoted by ZF.ro, the total budget for this state aid scheme is €150 million in non-reimbursable funds sourced from the Modernization Fund.
Other Romania-based companies, such as Parapet and Waldevar Energy, have told pv magazine that adding BESS to their renewable assets is a top priority. The May edition of pv magazine features an in-depth look at Romania’s solar and energy storage markets.
At the beginning of 2025, Romania boasts approximately 3,000 MW in wind energy and 1,500 MW in solar energy. An additional 2,424 MW in wind and solar projects is expected to be operational in 2025, attracting over €2 billion in investments. Romania’s Energy Goals for 2030 Achieve over 32,000 MW in total capacity by 2030.
The BESS market in Romania is heating up, say local analysts and insiders. Irene Mihai, policy officer at the Romanian Photovoltaic Industry Association (RPIA) recently told pv magazine that a realistic target for the utility-scale BESS segment in Romania “would be around 2 GWh (around 1 GW of installed capacity)” for 2030.
