Romania's utility group Electrica to build 70MWh power storage facility
<p>Romanian utility group Electrica (BVB: EL), with the state as the main shareholder (49.8%), announced it would develop a 70MWh storage capacity in the central part of the country at Fantanele, Mures County.</p>

<p>The project involves EUR 22 million of investments (VAT excluded), of which EUR 3.4 million will be obtained as a grant under the Resilience Facility.</p>

<p>This is an important project given that the Romanian energy system is facing ever-increasing imbalances, which are expected to grow even more with the installation of new renewable energy capacities.&nbsp;</p>

<p>"The main emergency of the national energy system is storage," said the minister of energy, Sebastian Burduja, in April.</p>

<p>This is the second project through which Electrica accesses funds through PNRR, after in October 2023, it obtained financing for the Satu-Mare 2 photovoltaic project (developed by its subsidiary Sunwind Energy SRL), with an installed capacity of approximately 27 MWp, a project which is planned to be completed this year.</p>

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

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