09:21 2024-11-19
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_ Ministry of Energy launches new call worth 150 M euros for investments in battery storage
Ministry of Energy launches new call worth 150 M euros for investments in battery storage
The Ministry of Energy is launching a new call worth 150 million euros for investments in battery storage, which will allow the use of green energy even when the wind is not blowing or the sun is not shining, contributing to balancing the system, says the relevant minister, Sebastian Burduja.
"As promised, we have attracted another 150 million euros from the Modernisation Fund, non-reimbursable funds, to increase Romania's battery storage capacity. The projects will contribute to reducing bills, to having more energy stored in the system and more balance," the minister underscored, quoted in a press release.
Thus, the Ministry is launching the call for projects Supporting investments in the development of electricity storage capacities (batteries) with financing from the Modernisation Fund within Key Programme 1 - Renewable energy sources and energy storage.
According to the same source, the general objective of the project is to support investments in the development of electricity storage capacities (batteries) connected to an existing renewable energy production facility, including hydroelectric power plants.
The storage capacity annually absorbs at least 75% of its energy from the renewable energy production facility to which it is directly connected.
"After the success of the PNRR [National Recovery and Resilience Plan - editor's note] call for storing green energy in batteries, we have attracted another 150 million euros, non-reimbursable funds, from the Modernisation Fund, a call that we are launching today. Storage is the zero priority of the national energy system. It allows the use of green energy even when the wind is not blowing or the sun is not shining, contributes to balancing the system and will mean lower bills for Romanians and Romanian companies. The call opened today is added to the non-reimbursable funds of over 13 billion euros attracted during my mandate as minister of energy for investments that revolutionize the Romanian energy sector. Once these projects are completed, Romania will have more energy, will no longer depend on others for imports and will be able to support a competitive economy, with better-paid jobs and lower bills for household consumers. We respect our assumed motto: investments, investments, investments," added Sebastian Burduja.
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