Delgaz Grid aims to absorb 700 million Euro from European funds for investments until 2030

Delgaz Grid, part of the E.ON group in Romania, plans to attract, in the coming years, 700 million euros from European funds, to which will be added approximately 1.5 billion euros from its own sources, for financing an extensive investment program in the modernization, expansion, automation and digitization of the electricity and natural gas networks.

For this year, the company has budgeted a record investment plan, of over 185 million euros (920 million RON), from its own sources and from European funds, 36 percent higher than last year. These investments are the largest in the last 18 years, since entering the Romanian market, raising the total value of network investments to around 1.6 billion euros.

At the same time, the company maintained its commitments and carried out investments from proprietary sources in the amount of approximately 265 million euros (approx. 1.3 billion RON) in the years 2021-2022.

Distribution networks, both natural gas and electricity, need billions of euros of investment by 2030 to bring their performance and suitability to Green Deal and Fit for 55 standards.

Renewable energy sources are essential. They are the cheapest and cleanest form of energy available. But their use depends on a network capable of receiving the energy produced and ensuring the quality parameters required by industry and domestic customers.

Because all these new sources of renewable energy need to be connected to the grids, there is a need to strengthen them, given the exponential increase in the number of those interested in becoming prosumers or developing generation capacities.

For example, from only 67 prosumers connected to the Delgaz Grid network at the end of 2020, the company reached 5,500 in just two years. And it estimates that by the end of this year, it will have at least 10,000 prosumers connected.