Electricity

Romania to grant EUR 103.5 million for battery storage projects

romania popescu minister power storage battery

Photo: Sabine van Erp from Pixabay

Published

November 29, 2022

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Published:

November 29, 2022

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The Government of Romania has launched a public call for EUR 103.5 million in grants for investments in electricity storage capacities.

Minister of Energy Virgil Popescu said the goal is to support the development of batteries and that the projects can be submitted until December 28, Agerpres reported.

The government has secured EUR 103.48 million, of which EUR 79.6 million is from the National Recovery and Resilience Plan (NRRP), and the rest is from state funds.

The money comes from the NRRP and national funds

Romania’s National Recovery and Resilience Plan consists of EUR 14.24 billion in grants and EUR 14.94 billion in loans.

The aid will be granted in the form of reimbursement of expenses, and it cannot exceed EUR 167,000 per MWh of storage and EUR 15 million per applicant, said Popescu.

The rojects must be implemented by the end of 2025

The projects must be implemented by the end of 2025.  According to the ministry, the plan is to have at least 480 MWh of power storage online then.

The government will subsidize the purchase of equipment for the construction of new electricity storage capacities in batteries, and the construction of the facilities. Eligible applicants are micro, small or medium-sized enterprises and large companies.

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