Energy Efficiency

Romanian manufacturers seen tapping on EU’s high-efficiency CHP subsidies to cut energy costs



March 12, 2020






March 12, 2020





Romanian manufacturers are increasingly seeking new solutions to cut electricity costs, including through the European Union’s (EU) subsidies for building high-efficiency cogeneration (CHP) facilities for the production of energy for their own manufacturing activities, according to Business Review, a Romanian business news website.

Under the financing axis 6 of its Operational Program for Large Infrastructure for Romania (POIM), the EU is offering non-reimbursable funds to large energy consumers to cover 60%, or up to EUR 15 million, of investments in high-efficiency cogeneration plants, in what will allow manufacturers to produce their own electrical and thermal energy and obtain huge cuts to their energy bills.

Number of Romanian companies investing in high-efficiency cogeneration plants is expected to rise

REI Finance Advisors, a Romanian consultancy for attracting EU funds, expects that the number of Romanian companies investing in such facilities will rise and that at least 20 to 30 projects, with values varying from EUR 1.5 million to EUR 35 million, will be submitted by the end of the year.

Electricity prices for non-household consumers in Romania rose 19.2% year-on-year in H1 2019

Electricity prices for non-household consumers in Romania in the first half of 2019 posted the highest year-on-year increase in the EU, of 19.2%, compared with a 12.2% drop in Denmark, the Business Review noted.

The deadline for the submission of POIM projects qualifying for axis 6 has been extended to December 31, 2020, allowing would-be beneficiaries more time to apply, according to the report.

POIM’s axis 6 has a budget of EUR 197.3 million to promote clean energy and energy efficiency

POIM’s axis 6, whose assigned amount is EUR 197.3 million, promotes clean energy and energy efficiency aimed at supporting a low carbon economy. Apart from encouraging investment in high-efficiency cogeneration, it also aims to increase energy production from renewable resources (biomass, biogas, geothermal), decrease energy consumption for industrial consumers, and cut the average energy consumption for households.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Montenegro government green energy main economic driver

Montenegro’s new government sees green energy as main economic driver

29 April 2022 - Prime Minister Dritan Abazović highlighted tourism and energy as priority sectors for economic development of Montenegro

Serbian US officials hint bilateral strategic partnership agreement

Mihajlović, Hill hint at Serbia-US strategic partnership agreement

19 April 2022 - A strategic partnership agreement would make joint projects easier, especially in the energy sector, US Ambassador to Serbia Christopher Hill said

Republic of Srpska BiH drafts amendments Law Energy

Republic of Srpska drafts amendments to Law on Energy

15 April 2022 - The draft changes to the Law on Energy are aimed at aligning it with newer laws and the Energy Development Strategy

Bulgaria EUR 1 1 billion energy renovation residential public buildings

Bulgaria has EUR 1.1 billion for energy renovation of residential, public buildings

15 April 2022 - One-stop shops for energy efficiency in residential and public buildings are about to be established in every district in Bulgaria.