The Romanian Ministry of Energy has launched into public debate a new state aid scheme of 150 million Euros financed by the EU Modernisation Fund for investments in energy storage solutions (i.e., batteries).
A national call for projects will be opened and the following criteria must be respected to become eligible as a funding-beneficiary:
- The development of a storage unit for an existing and fully operational renewable energy production facility
- The storage unit should absorb annualy at least 75% of the renewable energy produced
- The value of the state aid scheme involves no more than 100.000 euro/MWh and should not exceed 10 million euros for each project
- The individual project has no prior public funding and will be implemented until 31.12.2029
The call for projects is adressed to existing or newly-founded (small, medium, or large) companies which are registered in Romania. Companies from EU Member States can apply for state aid as well but must complete the ONRC-registration in Romania until the generation of the first payment round. Moreover, eligible companies should not be active in industries such as fishing or aquaculture.
For further information please consult the publication of the Romanian Ministry of Energy and also the detailed entry of the Romanian Ministry of Investments and European Projects.
Source: Romanian Ministry of Energy (2024), Romanian Ministry of Investments and European Projects (2024)
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