The deadline for project proposals to be submitted for eligibility is December 28, 2022. In a document on its website, the Ministry said it is aiming for deployments of at least
Monsson has submitted a 2GWh BESS project in Romania for approval, which an executive said will use its own patented energy storage solution.
The funding, totaling RON 74.6 million, was granted by Romania''s Ministry of Energy and was announced by R.Power on LinkedIn on January 3, 2025. This project will
Nofar plans to build energy storage units alongside its renewable energy projects in Romania. Although there are still some problems in Romania due to the current
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
The financing comes as R.Power advances storage initiatives across the region. The company recently announced on LinkedIn a "strategic investment" for a 127 MW/254 MWh
The European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), and British International Investment (BII), the United Kingdom''s development finance institution and impact
The Romanian Ministry of Energy has launched a grant program for battery energy storage systems developed in conjunction with existing renewable energy facilities – wind, solar, or hydro.
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
Renalfa IPP has secured a €315 million (US$367 million) financing package from an EBRD-led consortium to support a 1.6GW renewables, 3.3GWh BESS rollout in Bulgaria,
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 financing mechanisms for onsite renewable generation, energy storage, and energy efficiency projects include a spectrum of options ranging from traditional to specialized.
We begin from the preparations for the abolition of the energy price cap-compensation scheme, but continue with the new realities imposed by the budgetary austerity
Romania expects its overall energy storage to amount to at least 2.5 GW in operating power at the end of 2025, and to expand to as much as 5 GW a year later, local media reported, citing Minister of Energy Sebastian
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
See The IRA at a Year and a Half: IRS Guidance and Impact on the Energy Storage Industry. While lenders may need to undertake additional diligence before financing an energy storage project, the project finance
In an accelerated wave of investments, companies in Romania are combining battery energy storage systems (BESS) with solar, hydro or wind energy, or building
The rapid growth in the energy storage market continues to drive demand for project financing, and like any other project-financed asset class, lenders will analyze both the amount and
Oslo, 20 January 2025: Scatec ASA, a leading renewable energy solutions provider, has signed a 15-year Contract-for-Difference (CfD) with Opcom, the Romanian electricity market operator. The CfD will cover approximately 70% of
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.
Romania''s battery storage market is gaining momentum, but it''s not yet ready for takeoff. A recent Aurora Energy Research report reveals strong investor interest and promising
In 2025, several important movements are expected in the energy sector, as well as developments that we will detail further. By far the most important movement in the energy sector is related to the fact that the cap on
This financing will be allocated through a competitive bidding process managed by the Ministry of Energy, targeting projects that can store electricity from wind, solar, and
Global law firm Dentons has advised Alpha Bank A.E. on a €59 million project financing for the development of a photovoltaic power plant located in Teleorman county,
What are the opportunities and challenges for business cases for stand-alone battery energy storage systems (BESS) in European markets like Germany, Italy, France, The Netherlands, Romania and Austria? Expert
In summary, Romania''s policy landscape in 2025 is strongly favorable – characterized by rising renewable targets, improved permitting, upcoming CfD auctions, and alignment with EU green
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
Be Persistent: Rejections are common; refine your approach and reapply. Conclusion on StartUp Nation 2025, Non-Refundable European Funds, Norwegian Grants and PNRR Romania Securing non-refundable funding can
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
The Ministry of Energy submitted for public consultation the State aid scheme (the "Financing Scheme") on supporting investments for the development of energy storage
The next big challenge for energy storage, after bringing down the cost so that storage is economic and finding a suitable business model, is financing.
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,
The deadline for project proposals to be submitted for eligibility is December 28, 2022. In a document on its website, the Ministry said it is aiming for deployments of at least 480MWh of BESS by 2025. Romania has been
The Romanian Ministry of Energy has announced a new round of funding from the Modernization Fund dedicated to battery energy storage systems. From ESS News Romania has launched a new non-refundable funding program for battery energy storage systems to the tune of €150 million ($158 million), this time dedicated to standalone facilities.
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.
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).
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.
