Romania allots 1.5 GW worth of renewable energy projects
Adds details
BUCHAREST, Dec 16 (Reuters) -Romania has allotted 1.5 gigawatts (GW) worth of renewable energy projects at a tender funded through a contract for difference (CFD) support scheme funded by the European Union, the energy ministry said in a statement on Monday.
The long-awaited low-carbon energy-support scheme sets the price of electricity for providers at an agreed level for 15 years.
The ministry selected 11 solar power projects with an overall capacity of 432 MW and 10 onshore wind projects worth 1.09 GW.
The projects will carry an average weighted price of 51 euros per megawatt-hour (MWh) for solar projects and 65 euros per MWh for wind projects, the energy ministry said, below the initial strike prices of 91 euros per megawatt-hour for solar and 93 euros for wind, respectively.
The CfD scheme is supported by 3 billion euros ($3.15 billion) which will come from the Modernisation Fund, a programme under the European Green Deal which supports 10 lower-income EU member states in upgrading their energy systems.
It will ultimately cover 5 GW worth of projects, with a second tender expected in 2025.
Romania uses a mix of gas, coal, hydro, nuclear and renewables for electricity generation and has committed to phasing out lignite, or brown coal, although the energy ministry is currently seeking an extension.
($1 = 0.9527 euros)
Reporting by Luiza Ilie
Editing by Kirsten Donovan
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