About Bucharest Energy Storage Battery Order
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.
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About Bucharest Energy Storage Battery Order video introduction
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6 FAQs about [Bucharest Energy Storage Battery Order]
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.
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).
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.
When will a new battery storage system be able to be built?
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. Under the scheme, grants will be available for battery storage systems built alongside existing renewable energy plants – wind, solar or hydro.
How much storage does Romania need?
Once delivered, the five projects will see Romania meet 20% of its storage needs, according to the ministry’s announcement. 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.
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