Romania ready to launch EU-funded CfD scheme for 5MW wind and solar power plants
<p>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>

<p>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>

<p>Minister Burduja said he expects to launch the tender for 0.5GW of solar and 1MW of onshore wind farms in mid-November.</p>

<p>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>

<p>"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 <a href="https://www.economica.net/oficial-preturile-maxime-de-pornire-la-prima-licitatie-cfd-sunt-de-78-euro-mwh-pentru-fotovoltaic-si-82-euro-mwh-pentru-eolian-licitatia-a-intrat-pe-ultima-suta-de-metri_772018.html?mc_cid=d185a4ce3d&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economica.net</a>.</p>

<p>The first auction's maximum prices were thus revised down from an initial EUR 91 and EUR 93 per MWh.</p>

<p>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.&nbsp;</p>

<p>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>

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

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