EU Approves €3 Billion For Solar,onshore Wind In Romania-www.artsignenergy.com

English

EU approves €3 billion for solar, onshore wind in Romania Mar 18,2024.

The European Commission has approved €3 billion ($3.9 billion) for solar and onshore wind projects in Romania, with two-way contracts-for-difference through competitive bidding procedures.
The European Commission has approved a €3 billion aid scheme to support onshore wind and solar installations in Romania.
It will grant the aid through competitive bidding procedures, in the form of two-way contracts-for-difference (CfD). Future projects involving the construction and operation of new PV and onshore wind installations will be eligible.
Under the terms of the CfD, the strike price will be determined through competitive bidding procedures, while the reference price will be calculated as a monthly output-weighted average of the market price of electricity in the day ahead markets.

The European Commission stipulates that when the reference price is below the strike price, the beneficiary will be entitled to receive payments equal to the difference between the two prices. When the reference price is above the strike price, the beneficiary will have to pay the difference to the Romanian authorities.

“The scheme therefore guarantees a minimum level of return to the beneficiaries, while at the same time ensuring that the beneficiaries will not be overcompensated for periods when the reference price is higher than the strike price,” a statement from the Commission explains.
The aid package was approved under the Commission's State aid Temporary Crisis and Transition Framework, designed to support measures in sectors which are key to accelerating a nation's green transition while reducing fuel dependencies. A statement from the European Commission says the scheme will foster Portgual’s transition to a net-zero economy.
“The use of contracts-for-difference provides incentives for the swift rollout of renewable energy sources and prevents overcompensation,” said Margrethe Vestager, the European Commission's executive vice-president in charge of competition policy. “This scheme will also contribute to reduce Romania’s dependence on imported fossil fuels, without unduly distorting competition in the single market.”
Romania held its first CfD renewable energy auction last year. The Romanian government increased its renewable targets towards the end of 2023. Its current plan stands at 36% of the nation's energy to come from renewable by 2030, with 8.3 GW of solar and 7.6 GW of wind. It plans to phase out coal by 2032.

The country hit 2.9 GW of solar capacity at the end of 2023.

Tile roof mounting system

Xiamen art sign co.,ltd can produce 15-20MW of mounting structure per month, and we are professional on customized products such as Tile roof mounting system,Metal roof mounting system,Aluminum ground mounting system, solar farm mounting system and so on .

Welcome to send us any inquiry and we will offer you good price and best service and excellent products .

Email : sales@artsign.net.cn whatsapp/ wechat/ skype +86 180 3023 5875

Categories

how can we help you

You can contact us any way that is convenient for you. We are available 24/7 via email or telephone.

Contact

best sellers

Contact Info

Address
Unit 301, No. 600 Guankou South Road, Jimei District, Xiamen, China
Call Us Today
Tel : 0086 592 6266951 0

Whatsapp :+8618030235875
Email Us
Email : sales@artsign.net.cn

Skype : sales@artsign.net.cn

Leave Message

here,we will reply you as soon as we can.

About ART SIGN

ART SIGN Established in 2006, Xiamen Art Sign Co., Ltd. is a professional manufacturer and exporter that is concerned with the design, development and production of solar mounting system, both for rooftop and open filed. We are located in Xiamen, with convenient transportation access.

Need Help

Hot Tags

Subscribe

Leave a message

welcome to iSEEenergy

Home

Products

News

Contact

Successful participation at Solar Solutions Amsterdam 2024

Solar Solutions Amsterdam 2024