Does Romania offer a subsidy for battery energy storage systems?
From ESS News Romania has launched a new subsidy scheme for behind-the-meter battery energy storage systems to the tune of €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. From ESS News Romania has launched a new subsidy scheme for behind-the-meter battery energy storage systems to the tune of €150 million ($158 million).
What is a battery energy storage scheme in Romania?
The aim of the scheme is to support investments in battery electricity storage facilities, allowing for a smooth integration of renewable energy coming from wind and solar sources in the Romanian power system. Under the scheme, the aid will take form of a direct grant to projects selected through a competitive bidding process.
How much money will Romania get for battery storage projects?
The financial support in the form of direct grants was announced by the government in November 2022, reported by Energy-Storage.news at time, and will go towards at least 616MWh of battery storage projects. The European Commission has approved a €103 million state aid scheme from the government in Romania for battery storage projects.
Will Romania support the construction of electricity storage facilities?
Following the positive assessment of the Romanian Recovery and Resilience Plan, the Commission has approved a €103 million Romanian scheme to support the construction of electricity storage facilities.
How will a Bess subsidy help Romania's energy transition objectives?
The subsidy scheme will contribute to Romania’s energy transition objectives by developing at least 240 MW/480 MWh. At this point, Romania’s installed BESS capacity is negligible. The largest system now under construction is a 7 MW lithium-ion battery owned by Megalodan Storage in Ilfov county, near Bucharest.
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