The European Bank for Reconstruction and Development (EBRD) has provided a €120 million financing package for a 342MW solar-plus-storage project in Romania.
Approved under the State aid Temporary Crisis and Transition Framework (TCTF), the scheme aims to support the construction of new solar PV, onshore wind, hydropower for a combined 17.65GW of renewable capacity.
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.
Interest in co-locating solar PV with energy storage is increasing in Southern Europe, as grid curtailments and negative or near zero prices for solar PV become more frequent.