How much money will Romania provide for battery energy storage systems?
The Ministry of Energy of Romania will provide just over €103 million in financial support for battery energy storage system (BESS) deployments in the country. Minister of Energy Virgil Popescu signed an order approving the state aid scheme for investments in battery energy storage systems on Monday, 28 November, announced via his page.
How many MW is a Bess project in Romania?
This project will feature a 127 MW power rating and an energy storage capacity of 254 MWh, making it one of the largest BESS projects in Romania to date. However, R.Power has not disclosed when the project will become operational.
Is the Bess market heating up in Romania?
The BESS market in Romania is heating up, say local analysts and insiders. Irene Mihai, policy officer at the Romanian Photovoltaic Industry Association (RPIA) recently told pv magazine that a realistic target for the utility-scale BESS segment in Romania “would be around 2 GWh (around 1 GW of installed capacity)” for .
When will a Bess project enter the market?
Based on its modeling, Aurora foresees double digit internal rates of return for standalone BESS projects entering the market as early as , while co-located assets could prove even more promising – especially post where rising saturation in the balancing markets is observed, it said.
Big things ahead for Romanian BESS investments
“As other European BESS markets become increasingly saturated, Romania stands out,” said Evangelos Gazis, Aurora’s head of Southeastern Europe, adding that the
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