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
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
The government''s 1.5 billion EUR non-refundable grant program for standalone battery storage systems has ignited investor interest, with 2.3 GWh of project proposals already submitted under the...
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 part of the Biden-Harris Administration''s Investing in America agenda, the U.S. Department of Energy (DOE) Loan Programs Office (LPO) today announced the closing of a $289.7 million loan guarantee to Sunwealth
Romania is on its way to becoming a significant regional player in renewable energy, demonstrating its commitment to the global energy transition. Investments and projected
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
Among the 39 projects is the installation of at least 1,500 MWh of battery storage systems in existing renewable energy plants in Romania. These projects will help lower-income EU countries strengthen their clean
4.233 / 5.000Today, June 14, the Ministry of Energy launched in public consultation the project of the Energy Strategy of Romania 2025-2035, with the perspective of 2050. This is a programmatic document that defines the vision
The Romanian government has introduced its most ambitious energy roadmap to date: the Energy Strategy for 2025–2035, with a forward-looking vision for 2050. This strategic
The difference is that energy storage projects have many more design and operational variables to incorporate, and the governing market rules that control these variables are still evolving.
The objective of the scheme is to support investments in the development of battery energy storage systems which can be used to store renewable energy (solar, wind and hydro energy) and are capable of operating
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
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
4.233 / 5.000Today, June 14, the Ministry of Energy launched in public consultation the project of the Energy Strategy of Romania 2025-2035, with the perspective of 2050. This is a
Energy storage deployment across North America broke records in 2024, driven by falling battery prices, increased system efficiencies, and growing market opportunities.
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
IRENA also released an Innovation Outlook on Thermal Energy Storage, further supporting advancements in this critical area. A strong outlook for 2025 In summary, the energy storage market in 2025 will be shaped by
As part of its green energy push, Romania recently announced that 18 solar and storage projects, totaling 2.5 GWh of capacity, would receive a share of €73.8 million in PNRR
Discover the Top 10 Energy Storage Trends plus 20 out of 3400+ startups in the field and learn how they impact your business.
Learn all about project finance, key concepts, evolution, challenges, and future trends in the clean energy sector in this ultimate guide.
Discover the current state of energy storage companies in Europe, learn about buying and selling energy storage projects, and find financing options on PF Nexus.
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 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
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 Onsite Renewable Energy and Storage Working Group met over the course of seven sessions to review onsite energy technologies, discuss procurement, implementation, and
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
The Ministry of Energy announced that in total 11 financing contracts worth 603 million euros have been signed, with 78.3 million euros co-financed by the NRRP.
In an accelerated wave of investments, companies in Romania are combining battery energy storage systems (BESS) with solar, hydro or wind energy, or building
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
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.
More than € 1.5 billion is expected to be invested in new infrastructure projects in the regional cities of Romania in 2022. In Bucharest, construction works for the new bypass will continue as part of a € 1 billion investment.
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.
