Romania clears 1.5 GWh wind and solar capacities under CfD scheme
<p>Romania’s Ministry of Energy announced on December 16 that it has completed the evaluation of&nbsp;the financial offers submitted by participants in the first Contracts for Difference (CFD) auction in Romania, and contracts for over 1,500MW of new green energy production capacity have been awarded.</p>

<p>Out of a total of 48 bids submitted for both technologies, 47 were declared eligible to enter the financial evaluation stage, <a href="https://economedia.ro/prima-licitatie-de-contracte-pentru-diferenta-din-romania-contracte-pentru-peste-1500mw-au-fost-atribuite-lista-proiectelor-fotovoltaice-si-eoliene.html?mc_cid=0ae5650c33&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economedia.ro</a> reported. The total bid for onshore wind was 1,196 MW, and for photovoltaic, 1,615 MW.</p>

<p>Following the evaluation of the financial offers, 21 applicants will be declared winners, namely 11 applicants for solar photovoltaic, totaling a total capacity of 432 MW, and 10 applicants for onshore wind with a total capacity of 1,096 MW.</p>

<p>Thus, the cumulation of the capacities declared winners – 1,528 MW – will allow reaching the threshold assumed by the national Resilience Facility plan PNRR for signing contracts for difference for the production of energy from renewable sources of 1,500 MW.</p>

<p>Following the analysis of the winning bids, the following estimated weighted average exercise prices for the first round of CfDs resulted: EUR 65 per MWh for the production of electricity from onshore wind sources, EUR 51 per MWh for the production of electricity from solar photovoltaic sources.</p>

<p>The minimum and maximum exercise prices offered and declared winners for each technology were&nbsp;EUR 77.33 respectively EUR 54.49 for onshore wind farms, and EUR 54.18&nbsp;respectively 45.05 per MWh for solar farms.</p>

<p>Each of the winning bidders will sign contracts for the difference at the offered strike price.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source:<a href="https://www.dreamstime.com" rel="noopener" target="_blank"> Oleg Kryuchko/Dreamstime.com</a>)</em></p>