Romania’s energy minister Sebastian Burduja approved the final draft of the 15-year Contracts for Difference (CfD) scheme, aimed to support the development of photovoltaic and wind projects with a capacity of 5MW based on EUR 3 billion financing from the EU budget, the ministry announced.<\/p>\n
Concerns related to the scheme regard the final budget that might exceed EUR 3 billion and the comparatively better alternative of allowing investors to finance their projects with long-term contracts while not intervening in the market with CfD prices.<\/p>\n
Minister Burduja said he expects to launch the tender for 0.5GW of solar and 1MW of onshore wind farms in mid-November.<\/p>\n
A second auction, which will cover a total capacity of 3,500 MW from onshore wind and photovoltaic projects, is scheduled for launch next year.<\/p>\n
“The price will be determined following a competitive auction, with a maximum starting threshold of EUR 78 per MWh for photovoltaic projects and EUR 82 per MWh for onshore wind farms. I invite as many investors as possible to participate in this auction and contribute to the transformation of the energy sector in Romania,” minister Burduja said, quoted by Economica.net<\/a>.<\/p>\n The first auction’s maximum prices were thus revised down from an initial EUR 91 and EUR 93 per MWh.<\/p>\n The Ministry of Energy will announce the next steps in the auction, the first of which will be the organization of a clarification session with potential bidders to discuss the auction rules.\u00a0<\/p>\n Submission of offers will take place in mid-November, until mid-December anticipating the evaluation of the offers. The signing of contracts for the first tender is expected to be completed by the end of this year.<\/p>\n