Energy investments with PNRR funds: 875 million Euro for new electricity generation units

For investments in the Romanian energy sector, the National Recovery and Resilience Plan (PNRR), based on the provisions of EC Regulation no. 241/2021, provides for an allocation of 1.62 billion Euro, and the implementation period is until August 2026.

To access these funds, the Ministery of Energy has published on its website the State Aid Scheme and the Specific Guide for Investment Measure I.1 – New Renewable Electricity Production Capacities, the State Aid Scheme and the Specifically related to Investment Measure I.2 – Renewable gas distribution infrastructure (use of natural gas in combination with green hydrogen as a transitional measure), as well as green hydrogen production capacities and / or its use for electricity storage, sub- Measure 2.2 – Support for investments in capacity building for the production of green hydrogen in electrolysis plants and State Aid Scheme and Specific Guide for Investment Measure I.3 – Development of flexible and highly efficient gas production capacities for cogeneration of electricity and heat (CHP) in district heating, in real view deep decarbonization, Component C.6 Energy from PNRR.

“The current energy crisis has shown us once again that the long-term solution lies in serious energy investment. Financial resources exist, including in the PNRR. We will launch several calls for projects in order to access the 1.62 billion euros. Punctually, at the end of March, we will launch several calls for projects for investments in new electricity generation capacities from renewable sources, for the development of flexible and high-efficiency gas production capacities, for the cogeneration of electricity and heat ( CHP) in district heating. I am confident that this money will be accessed and we will have completed projects starting in 2024,” said Virgil Popescu, Minister of Energy.