Expected ROI of solar storage inverter project in Romania 2026

How much will Romania spend on solar PV in 2024?

For rooftop PV, the budget for 2024 was 400 million EUR, and included, for the first time, storage. Through the updated National Energy and Climate Plan, Romania committed to reaching an installed capacity of 10 GW in solar PV, out of which 6,4 GW in utility-scale projects and 3,5 GW in prosumers.

How has Romania changed its energy policy in 2024?

In 2024, Romania updated its National Energy and Climate Plan (NECP), increasing the renewable energy target to 38.3% by 2030, with solar energy’s target raised from 5 GW to 10 GW. How do you view these policy changes, and what further steps are necessary to ensure their successful implementation?

Why should Romania Invest in energy storage batteries and photovoltaics?

If Romania can gain an advantage in the energy storage battery and photovoltaic industry and attract industrial capital from inside and outside the EU to invest in this field, it will help the EU to realise an autonomous and controllable sustainable energy supply chain.

Will Romania re-launch a battery energy storage tender?

On 8 February, the Ministry of Energy of Romania announced the re-launch of its tender for battery energy storage projects and investments in the manufacturing sector for the production of energy storage equipment and solar panels.

Will new solar energy projects materialize in 2024?

As such, we expect to see the materialization of new utility-scale projects complementary to the 5 GW total that will be auctioned. In 2024, Romania updated its National Energy and Climate Plan (NECP), increasing the renewable energy target to 38.3% by 2030, with solar energy’s target raised from 5 GW to 10 GW.

How much will Romania spend on a battery energy storage project?

To achieve this goal, the Romanian government will conduct both tenders through competitive bidding. A total of €79.6 million is allocated for the battery energy storage project. €199 million will be spent on related manufacturing capacity. Of this amount, €149.25 million will be used for new cell production, assembly and recycling facilities.