Energy | 19 November, 2024 at 6:24 PM
Romania launches €150 million battery storage grant
The Romanian Ministry of Energy launched a grant program funded by the Modernization Fund.
The Romanian Ministry of Energy launched a grant program funded by the Modernization Fund.
The total amount exceeds €278 MILLION.
Romania has signed the accession to the International Solar Alliance (ISA), a strong commitment of the Romanian government to support and promote solar energy as the main source of clean and sustainable energy.
Sunwind Energy SRL, a subsidiary of the Electrica Group, and the Ministry of Energy have signed the non-refundable financing contract from the National Recovery and Resilience Plan (PNRR), for a photovoltaic park in the project phase.
Several Romanian companies receive money from the state through PNRR for green hydrogen production. The Ministry of Energy signed financing contracts for 7 projects to build green hydrogen production capacities.
Renewable energy sources could reach a share of approximately 34% in 2030. Europe has assumed that by 2050 it will become the first climate-neutral continent.
More than 3,000 MW of solar energy projects are to be installed in Romania in the next two years, thanks to European funds. The government is preparing green funding from the Modernisation Fund: over €1.5 billion for companies and local authorities. Romania is among the top 10 countries in alternative energy consumption.
After about 10 years, green energy is once again the star of investments in the energy sector in Romania, says the state secretary of the Ministry of Energy, George Niculescu.
The energy transition is a central priority for ENGIE, both worldwide and in Romania.
Energa expands its installed renewable energy capacity by 43% in 2024, marking a pivotal shift in its energy portfolio.
AQUILA, a leading distributor in Romania's fast-moving consumer goods (FMCG) sector with over 30 years of experience, announced significant progress in 2024 under its 2022–2026 Sustainability Strategy.
The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen through the European Hydrogen Bank's "Auctions-as-a-Service" tool for the auction closing in 2025.
The European Commission has adopted the 2025-2030 work plan for the Ecodesign for Sustainable Products Regulation (ESPR) and the Energy Labelling Regulation.
