Romania opens call to award EUR 103.5 m for BESS projects

Dec 5, 2022 01:57 PM ET
  • The government of Romania will certainly disperse EUR 103.5 million (USD 109.3 m) to back the implementation of commercial and commercial (C&I) battery power storage space systems (BESS) that should browse the web by 2025.
Romania opens call to award EUR 103.5 m for BESS projects
Image: lidePath Power Solutions LLC

The funds will be alloted through a public call in which propositions are due by December 28, 2022, the country's Priest of Energy Virgil Popescu revealed recently.

The cash will certainly be available for the purchase of system components and equipment for battery storage space centers and also for the building and construction of new systems, done in the type of cost reimbursement. Micro, little or medium-sized enterprises, including startups, along with big corporations will have the ability to take advantage of the financing.

The financing to be paid out must not surpass EUR 167,000 per set up MWh and EUR 15 million per specific project. One applicant will be able to assert compensation just for a solitary scheme.

Some EUR 79.6 million of the funding bundle will certainly come from Romania's National Recovery and also Resilience Plan (NRRP). The remaining amount will be sourced from state funds.

Romania intends to have at the very least 240 MW/480 MWh of power storage centers in operation by the end of 2025.

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