Romania will publish a call for its first solar and wind power auctions within weeks, pending the green light from the government and the Modernisation Fund, Minister of Energy Sebastian Burduja estimated, https://balkangreenenergynews.com/ reports. He announced the ceiling prices in the bids for CfD market premiums would be EUR 91 per MWh and EUR 93 per MWh, respectively. Romania will be the first country to use the European Union’s Modernisation Fund to cover two-way contracts for difference (CfDs) with renewable electricity producers. The government received a green light last week from the European Commission for a EUR 3 billion state aid scheme for solar and wind power projects. Auction winners will be entitled to a guaranteed price for the electricity they sell for 15 years, Minister of Energy Sebastian Burduja noted. Under a CfD, the government pays the private operator the difference if the market price is lower than the price in its contract. When it’s the other way around, the utility returns the difference. It means predictability for encouraging strategic investments in Romania’s green transition, Burduja stressed. He vowed to make the competitive bidding process as competitive as possible. “Because a lower reference price will give a signal to the entire European market, and even beyond the European Union, that Romania is really attractive for investments in the energy sector, on the one hand, and on the other hand, it no longer exposes the state to a risk of paying more than would be the case in a comfortable time horizon for investors of 15 years,” Burduja stated. Hefty green energy subsidies crippled government finances a decade ago, so the renewables market collapsed and remained dormant for several years. The upcoming auctions are envisaged to be held for projects with an overall 1 GW in solar power and 1 GW in wind power capacity. Another 1.5 GW for each technology is planned for next year, bringing the combined quota to 5 GW. Burduja revealed that the ceiling, the maximum bidding prices, would be EUR 91 per MWh for photovoltaics and EUR 93 per MWh for wind farm projects. The levels were determined with consultants and the European Bank for Reconstruction and Development. The minister said he expects final auction prices to be significantly lower. Last year Romania was a net electricity exporter, he underscored. It was the first time since 2018.
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
