The Minister of Energy, Sebastian Burduja, approved the ministerial order for the Contracts for Difference (CfD) scheme.
The Ministry of Energy announces the publication, in the Official Gazette, of the order of the Minister of Energy and the annexes related to the state aid scheme in the form of Contracts for Difference (CfD), intended for the production of electricity from renewable sources, namely onshore wind and solar photovoltaic energy. Also, the rules of the bidding procedure for the first auction in this program were established.
“We are entering the last hundred meters for the launch of the first tender within the CfD scheme, which will support the development of photovoltaic projects with a capacity of 500 MW and onshore wind projects of 1,000 MW. Investors will benefit from support in the form of a contract for difference, which will guarantee them a fixed electricity sale price for a period of 15 years. The price will be determined following a competitive auction, with a maximum starting threshold of EUR 78/MWh for photovoltaic projects and EUR 82/MWh for onshore wind. I invite as many investors as possible to participate in this auction and contribute to the transformation of the energy sector in Romania. The more bidders we have, the more we will be able to accelerate the change needed to increase renewable energy production capacity at a competitive cost. I remind you that Romania is the first country that succeeded in financing the CfD scheme from the Modernization Fund, obtaining an amount of 3 billion euros for this purpose”, said the Minister of Energy, Sebastian Burduja.
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. Submission of offers will take place in mid-November, until mid-December anticipating the evaluation of the offers.
A second auction, which will cover a total capacity of 3,500 MW from onshore wind and photovoltaic projects, is scheduled to launch next year. These measures will contribute to increasing and strengthening Romania’s capacity to produce energy from renewable sources, bringing major benefits to the economy and citizens, as well as ensuring energy security and price competitiveness.
The signing of contracts for the first tender is expected to be completed by the end of this year.
