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The Romanian government has allocated EUR 103.5 million ($108.6 million) to support investments in battery energy storage systems and deliver at least 240 MW/480 MWh by 2025. The government of Romania is looking to support the deployment of commercial and industrial (C&I) battery energy storage systems (BESS) to the tune of EUR 103.5 million.
However, Romania has big battery manufacturing ambitions and plans to have a 2 GW battery industry by the end of 2025. The country also plans to train some 20,000 people over the next four years to overcome the existing skill gap in the battery sector.
“We want to attract investments of at least EUR 2 billion in the battery sector in the next five years,” Prime Minister Nicolae Ciucă said in June, after signing a memorandum of understanding with EIT InnoEnergy for the development of the battery sector.
Presently, the only operational projects in the country are two BESS systems operated by Portugal's EDPR, with a total capacity of around 1.5 MWh. However, Romania has big battery manufacturing ambitions and plans to have a 2 GW battery industry by the end of 2025.
The government has secured a total of EUR 103.48 million, of which EUR 79.6 million is from the National Recovery and Resilience Plan (NRRP), with the remaining amount coming from state funds. Romania’s National Recovery and Resilience Plan consists of EUR 14.24 billion in grants and EUR 14.94 billion in loans.
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The Romanian government has allocated EUR 103.5 million ($108.6 million) to support investments in battery energy storage systems and deliver at least 240 MW/480 MWh …
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The Romanian government has allocated EUR 103.5 million ($108.6 million) to support investments in battery energy storage systems and deliver at least 240 MW/480 MWh by 2025.
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