US-backed Econergy secures financing for 92 MW solar farm in Romania
Econergy Renewable Energy has secured financing from Raiffeisen Bank for its 92 MW Parau solar project in Romania, marking the Israeli company’s second such transaction with the bank.
Romania allocates 432 MW of PV at average price of €0.051/kWh in first renewables auction
The Romanian authorities have allocated 1.52 GW of renewable energy capacity in a procurement exercise, with the lowest bid for PV technology at €0.045 ($0.047)/kWh.
Romania opens €150 million pot for co-located battery storage
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 launches 1.5 GW renewables auction
The Romanian authorities plan to allocate 1 GW of wind capacity and 500 MW of solar through the country’s first procurement exercise. The Romanian Ministry of Energy has set a maximum strike price of €91 ($100.7)/MWh for solar projects and €93/MWh for wind projects.
Assessing floating PV costs across Europe
Researchers have analyzed the viability of floating PV in terms of net present value, internal rate of return, and LCOE. They included 25 European countries in their work, including Germany, the United Kingdom, Spain, and Italy.
Israeli developer secures €110 million for solar plants in Romania
Nofar Energy has obtained €110 million ($122.5 million) in financing from the European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International to build two solar projects in Romania with a combined capacity of 300 MW.
Romania gives green light to CfD scheme
Romania’s Ministry of Energy has approved a new contracts-for-difference (CfD) mechanism, set to launch later this year. The first round will include 500 MW of solar, with the remaining capacity to be allocated in next year’s tender.
Funding secured for 60 MW solar plant in Romania
The European Bank for Reconstruction and Development and Eiffel Investment Group are providing €24.4 million in funding for the construction of a 60 MW solar plant in southern Romania.
New grid connection rules in Romania
The Romanian Energy Regulatory Authority (ANRE) has adopted several changes to grid connection processes, including the implementation of an auction-based grid connection mechanism for plants above 5 MW from 2026 onwards.
Romania aims to roll out 5 GW of energy storage by end 2026
Romania is aiming to have at least 2.5 GW of energy storage installed by the end of next year and to exeed 5 GW only a year later.
