Romania organizes first CfD auction targeting solar and wind capacity

Bids for the first auction organized by Romania for Contracts for Difference (CfD) contracts aimed at developing solar and wind power plants can be submitted until November 18, 2024, subject to further requests for clarification being considered, the Energy Ministry said. November 6.

The first tender under the CfD scheme will support the development of 500 MW of photovoltaic projects and 1,000 MW of onshore wind projects. Economy.net reported.

According to Energy Minister Sebastian Burdugi, investors will receive support in the form of a contract for difference, which will guarantee them a fixed price for selling electricity for a period of 15 years. The price will be set after a competitive auction with a maximum starting threshold of 78 EUR/MWh for photovoltaic projects and 82 EUR/MWh for onshore wind projects.

“I invite as many investors as possible to take part in this auction and contribute to the transformation of the Romanian energy sector. The more bidders we have, the more we will be able to accelerate the changes needed to increase capacity to produce energy from renewable sources at a competitive price, I remind you that Romania is the first country that managed to finance a CfD scheme from the Modernization Fund, receiving for this The target is 3 billion euros,” said Minister Sebastian Burduja in early September.

The second auction, which will cover a total of 3,500 MW of capacity from onshore wind and photovoltaic projects, is scheduled to launch next year.

These measures will help increase and strengthen Romania’s capacity to produce energy from renewable sources, bringing significant benefits to the economy and citizens, while also ensuring energy security and price competitiveness.

[email protected]

(Photo source: Oleg Kryuchko/Dreamstime.com)