Grants up to €150,000 for Romanian SMEs for green energy transition

Green Forum
The Romanian Government has given its approval for the Electric UP 2 program designed to assist small and medium-sized enterprises, as well as businesses in the HoReCa sector, in their transition to renewable energy sources and electric mobility. Under this initiative, substantial financial support of up to €150,000 is provided for the installation of photovoltaic panels and electric vehicle charging stations.

Government spokesperson Mihai Constantin announced in a press conference held at the Victoria Palace that "through an emergency ordinance, the Government is extending support to small and medium-sized enterprises and the HoReCa sector to ensure their energy needs are met through renewable sources and the adoption of electric mobility. The Electric UP program remains committed to offering significant financial aid, with each beneficiary eligible for up to €150,000. Three-quarters of the eligible costs will be covered by funds allocated to this program, while SMEs are required to contribute 25% of the project's value."

The Electric UP 2 program will be financed from the state budget, with a total allocation of €90.424.140. In the initial phase of this initiative, over 1,500 SMEs and economic operators in the HoReCa sector have already benefited from funding for the installation of photovoltaic panels and electric vehicle charging stations.

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