Romania's EUR 278m Battery Boost: Powering the Future

Feb 12, 2024 12:27 PM ET
  • Romania's energy ministry is offering over EUR 278 million in funding for battery and photovoltaic projects, aiming to boost energy storage and renewable energy production.

Romania's energy ministry has launched two calls for projects related to batteries and photovoltaic (PV) panels, with a total value of over EUR 278 million. The calls, supported by European funds, are open from February 8 to March 21. The first call aims to establish a minimum 240 MW/480 MWh battery energy storage capacity by June 2026, with a budget of around EUR 79.6 million. The second call is dedicated to projects supporting investments in the entire value chain of batteries and PV cells and panels, with EUR 149.25 million allocated for new battery production, assembly, and recycling capacities, and EUR 49.75 million for new PV cell and panel capacities. The ministry aims to have at least 2 GW of annual capacity for battery production and/or assembly and recycling, and at least 200 MW of annual capacity for PV production and/or assembly and recycling by June 2026.

What are the objectives and budget of Romania's calls for battery and PV projects?

  • The objective of Romania's first call for battery projects is to establish a minimum 240 MW/480 MWh battery energy storage capacity by June 2026.
  • The budget allocated for the first call is approximately EUR 79.6 million.
  • The second call focuses on projects supporting investments in the entire value chain of batteries and PV cells and panels.
  • The budget for the second call includes EUR 149.25 million for new battery production, assembly, and recycling capacities.
  • Additionally, EUR 49.75 million is allocated for new PV cell and panel capacities.
  • The energy ministry aims to achieve at least 2 GW of annual capacity for battery production and/or assembly and recycling by June 2026.
  • The ministry also aims to have at least 200 MW of annual capacity for PV production and/or assembly and recycling by June 2026.
  • Both calls for projects are supported by European funds.
  • The calls are open from February 8 to March 21, allowing interested parties to submit their proposals within this timeframe.
  • The total value of the calls for battery and PV projects is over EUR 278 million.

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