Interpretation of bucharest energy storage project subsidy policy

Does Romania offer a subsidy for battery energy storage systems?

From ESS News Romania has launched a new subsidy scheme for behind-the-meter battery energy storage systems to the tune of €150 million ($158 million). With the funding secured from the Modernization Fund, the Ministry of Energy launched the competitive bidding call on Tuesday. Bids will be accepted until January 17, 2025.

Does Romania have a grant program for battery energy storage systems?

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. Romania has launched a new subsidy scheme for behind-the-meter battery energy storage systems to the tune of EUR 150 million ($158 million).

How much will Romania pay for a battery energy storage system?

Romania has launched a new subsidy scheme for behind-the-meter battery energy storage systems to the tune of EUR 150 million ($158 million). With the funding secured from the Modernization Fund, the Ministry of Energy launched the competitive bidding call on Tuesday. Bids will be accepted until January 17, 2025.

Is storage a 'zero priority' of Romania's energy system?

Sebastian Burduja, minister of energy, said storage is “the zero priority” of Romania’s energy system.

Will pnrr help Romania meet its energy needs?

Earlier in November, the Ministry of Energy allocated EUR 30 million in non-reimbursable support via PNRR for 791.48 MWh of battery energy storage. Once delivered, the five projects will see Romania meet 20% of its storage needs, according to the ministry’s announcement.

How much energy storage will Burduja have in 2025?

Another EUR 300 has been allocated from the Modernization Fund – EUR 150 million each for this year and next year – and this is expected to deliver at least 3 GW of storage. Earlier this year, Burduja said the country should have at least 2.5 GW of energy storage installed by the end of 2025 and more than 5 GW only a year later.