Romania’s Ministry of Energy has approved the Contracts for Difference (CfD) which seeks to attract 5GW of solar PV and wind capacity by the end of 2025.
The flagship development is the Esmerelda 7 solar and battery energy storage system (BESS) project, which comprises seven utility-scale solar facilities with a combined 5.35GW of generation capacity.
Crux said that the tax credit transferability market has “outpaced expectations” from when the Department of Treasury released guidance on the scheme in June 2023.
