Government procurement price of commercial energy storage in Romania

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.

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.

What is the legal framework governing hydrogen in Romania?

The legal framework governing hydrogen in Romania is anchored in the Electricity and Natural Gas Law No. 123/2012, which, although originally designed to regulate traditional energy sectors, now includes provisions that accommodate emerging energy sources like hydrogen.

How does the offshore law affect the oil sector in Romania?

However, the oil sector in Romania faces several challenges, particularly in maintaining a stable regulatory and fiscal environment that is conducive to investment. The Offshore Law, while offering a favorable fiscal regime, must be implemented consistently to attract the necessary investments for deepwater exploration and production.

What role does Romania play in the European energy landscape?

Romania's oil sector also plays a crucial role in the broader European energy landscape, particularly in terms of energy security. The country’s oil legislation is aligned with EU directives, such as the Hydrocarbon Directive (94/22/EC) and the Offshore Safety Directive (2013/30/EU), which have been transposed into national law.

How will the CFD scheme help Romania's energy transition?

The CfD scheme is expected to play a vital role in Romania's energy transition by supporting the development of up to 5 GW of renewable energy capacity through competitive auctions held in 2024 and 2025. Under the CfD mechanism, producers are guaranteed a fixed "strike price" for the electricity they generate.