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.
Romania is increasingly positioning itself as a promising destination for green investments, with several sectors showing strong potential.
L'Oréal has announced that, as of December 2024, all its European operations—including factories, offices, and distribution centers—are now powered entirely by renewable energy.
Europe's energy landscape stands at a transformative crossroads, as hybrid solar technology emerges as a powerful solution, capable of significantly enhancing the efficiency, reliability, and affordability of renewable energy systems.
The Polish government has submitted to parliament a long-awaited draft amendment to the legislation governing onshore wind farm investments.
Ocean Winds, a joint venture equally owned by EDP Renováveis and Engie, has selected Polish firm Crist Offshore to deliver the offshore substation for its 500 MW BC-Wind project.
