Romania’s electricity utilities Electrica and Renovatio get EUR 6.4 mn grants for power storage projects
<p>Two Romanian electricity utility companies, Electrica (BVB: El) and Renovatio Trading, will receive EUR 6.4 million in grants under a EUR 103 million scheme financed under the National Recovery and Resilience Plan (PNRR) to develop power storage capacities of 130MWh.&nbsp;</p>

<p>The Romanian electricity distributor and supplier Electrica (BVB: EL) will receive EUR 3.4 million for the development of a 70MWh &nbsp;electricity storage project in Fântânele, Mureș county. The total value of the project is estimated at EUR 21.8 million, of which non-refundable financing represents approximately 20%.&nbsp;</p>

<p>The second grant, of some EUR 3 million, &nbsp;goes to Renovatio Trading, for a storage project of almost 61MWh developed in Toplița, in Harghita county.</p>

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

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