REI has submitted over 100 projects for the installation of photovoltaic panels in Romania, through PNRR

REI, the second largest group of companies in Romania specialized in attracting non-reimbursable financing with European funds or through state aid mechanisms, according to data from 2021, has submitted more than 100 projects for non-reimbursable financing for the installation of more than 600 MW of renewable energy through the C6 – Energy component of the PNRR, one of the most awaited and requested support measures of this year, which ended on June 22.

According to REI consultants, the interest has been huge, and the pace of work has been extremely high in the last few weeks, as the documentation has been complex, including a feasibility study, institutional analysis, DNSH (“Do No Significant Harm”) analysis, etc.

“We have submitted projects for more than 100 clients, with installed capacities ranging from 0.2 MW to 70 MW. The interest in measure C6 – Energy in the PNRR has been huge, we have received hundreds of applications for funding, in addition, we have allocated new resources, a number of about 15 new colleagues have joined us to manage to prepare the files and successfully apply on time. We are glad that the Ministry of Energy decided to extend the submission session by more than 50 days, this helped companies, consultants, and designers to finalize projects and facilitate the preparation of complete projects within the defined deadline”, said Roxana Mircea, managing partner REI.

REI’s clients who have applied for grant funding through the PNRR – Component C6 – Energy support include companies specialized in production of building materials, postal services, cement, meat processing, shopping malls or industrial park developers.

How many companies have requested support from the Ministry of Energy for photovoltaic panels from the PNRR budget?

A total of 668 projects have been submitted on the platform made available by the Ministry of Energy for funding through the PNRR for the installation of photovoltaic panels and wind power plants, according to data published by the Ministry.

Of the total number of projects submitted, the REI team brokered over 100 projects, i.e., 15 percent of the total.

According to REI calculations, the 668 projects submitted through the platform will bring an additional 3,500 MW of installed green energy capacity to Romania, both solar, through photovoltaic panels, and wind.

Companies interested in increasing energy efficiency have had the opportunity in recent weeks to submit investment projects for the installation of photovoltaic panels of at least 0.2 MW installed capacity, for which they could apply for up to €15 million.

The PNRR-supported funding measure was announced by the Ministry of Energy in the first part of this year and was due to start on 31 March. Initially, the measure provided for the possibility of submission for 30 days, until 30 April, but this was extended three times, once for 30 days, then for two more weeks, and finally for another week, in response to requests from the business community who did not have the time to prepare the necessary documentation.

“Before the actual writing of the projects started, any investment that involved the installation of a solar panel or wind power plant needed a feasibility study, carried out by a specialized company, which could take from two weeks to a maximum of one month, depending on its complexity. In our projects we have chosen to collaborate with the largest energy design companies in Romania, with very good delivery times, which is also reflected in our projects and for which we are grateful. Once the feasibility study (FS) and the cost-benefit analysis (CBA), both necessary for the project to proceed, were prepared, we started preparing the documentation, writing the project, preparing the reports and all the necessary, to make sure that the projects comply with the requirements of the Guide down to the smallest detail. It was a titanic work”, Roxana Mircea underlined.