How much is the subsidy for bucharest energy storage project

How much money will Romania provide for battery energy storage systems?

The Ministry of Energy of Romania will provide just over €103 million in financial support for battery energy storage system (BESS) deployments in the country. Minister of Energy Virgil Popescu signed an order approving the state aid scheme for investments in battery energy storage systems on Monday, 28 November, announced via his Facebook page.

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. 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).

What is Poland's energy storage subsidy program?

Following a public consultation launched in July 2024, the Polish Ministry of Climate and Environment has finalized its energy storage subsidy program which aims to support the deployment of more than 5 GWh of energy storage in the country. The new regulation was published in the Journal of Laws of the Republic of Poland on March 7.

Will Romania support the construction of electricity storage facilities?

Following the positive assessment of the Romanian Recovery and Resilience Plan, the Commission has approved a €103 million Romanian scheme to support the construction of electricity storage facilities.

When will a battery storage grant be available?

Bids will be accepted until January 17, 2025. Under the scheme, grants will be available for battery storage systems built alongside existing renewable energy plants – wind, solar or hydro. The storage capacity should annually absorb at least 75% of the energy produced by the renewable energy facility to which it is directly connected.

How much PLN will be distributed under the energy subsidy scheme?

A total of PLN 4 billion ($1 billion) will be distributed under the subsidy scheme by the end of 2025 in a bid to bring online more than 5 GWh of energy storage projects by 2028.