The European Commission has approved, under EU State aid rules, a â‚¬103 million Romanian scheme to support the construction of energy storage facilities.
The measure will be partly funded by the Recovery and Resilience Facility (RRF), following the Commission’s positive assessment of the â€˜Romanian Recovery and Resilience Planâ€™.
Under the scheme, the aid will take form of a direct grant to projects selected through a competitive bidding process. The aid per beneficiary will not exceed: (i) 100% of the project’s funding gap, (ii) â‚¬167,000 per MWh of installed storage capacity, or (iii) a maximum amount of â‚¬15 million. The projects will be selected by 31 December 2023 and must be completed by 31 December 2025.