How much is a solar project in Romania?

(EUR 1.0 = USD 1.089) The Romanian Energy Ministry has signed contracts to distribute close to EUR 70 million (USD 76.3m) in grant funding that will support the construction of a 1.5-GW solar panel manufacturing plant and five large-scale battery storage system (BESS) projects.

Where will a solar panel factory be built in Romania?

The company will receive a grant of EUR 32.9 million for its plan to build a solar panel factory in Barlad, in Vaslui County in eastern Romania close to the border with Moldova. The remaining funding will be distributed among five projects that will collectively add almost 800 MWh of battery energy storage capacity in the Balkan country.

Is the Bess market heating up in Romania?

The BESS market in Romania is heating up, say local analysts and insiders. Irene Mihai, policy officer at the Romanian Photovoltaic Industry Association (RPIA) recently told pv magazine that a realistic target for the utility-scale BESS segment in Romania “would be around 2 GWh (around 1 GW of installed capacity)” for 2030.

Is Romania a Bess market?

“As other European BESS markets become increasingly saturated, Romania stands out,” said Evangelos Gazis, Aurora’s head of Southeastern Europe, adding that the investment case for storage is strengthened by wind and solar’s rapid expansion driving high volatility in wholesale and balancing markets. Interesting activity

Which Romanian companies are adding Bess to their renewable assets?

Other Romania-based companies, such as Parapet and Waldevar Energy, have told pv magazine that adding BESS to their renewable assets is a top priority. The May edition of pv magazine features an in-depth look at Romania’s solar and energy storage markets.

What is the biggest battery energy storage system in Romania?

Romania’s Prime Batteries Technology and its partner Monsson have brought online what they say is the biggest battery energy storage system (BESS) in Romania, a facility with a capacity of 24 MWh.