EBRD intends to further support Romania through its Renewable Energy Programme MoU signed by Energy Minister Burduja and EBRD Romania Director Victoria Zinchuk EBRD, a leader in green finance, strongly supports Romania’s renewables ambition The European Bank for Reconstruction and Development (EBRD) intends to support the design and implementation of future renewable energy auctions in Romania, according to a Memorandum of Understanding signed today by the country’s Energy Minister Sebastian Burduja and EBRD Head of Romania Victoria Zinchuk, https://www.ebrd.com/ reads. Supported by the EBRD, in September Romania opened the first auction for 1.5 GW of renewable energy generation capacities – 500 MW of solar PV and 1 GW of onshore wind – along with a Contract for Difference (CfD) mechanism for the construction of renewable energy installations.?This represented a step forward in the country’s ambitious plans to scale up renewable energy generation. Today’s Memorandum of Understanding sets out EBRD and Romanian aspirations for follow-on steps. As well as EBRD support for the implementation of a second round of renewables auctions by the end of 2025, these include the development of a support scheme for storage capacities (for instance, for pumped storage hydropower) and related competitive storage tenders as well as regulatory reforms required to connect storage capacities and allow them to participate in different energy markets. “We are looking forward to support further the Ministry of Energy and contribute to scaling up private sector investments in the sector," said EBRD Head of Romania Victoria Zinchuk. “This partnership will facilitate the creation of a modern energy system, capable of meeting Romania's energy needs and fostering investments in renewable sources, including through the initiation of a new round of auctions for capacities totalling 3,500 MW. It represents a decisive step toward ensuring the energy stability and resilience that are more crucial than ever," said Mr Burduja. Investment in renewable energy is critical to support Romania’s ambition to reach the climate commitments outlined in the country’s National Energy and Climate Plan. This targets 38.3 per cent of renewable energy in gross final energy consumption by 2030. Romania’s new draft energy strategy aims for 44 per cent of gross final energy consumption from low-carbon sources by 2035.? The EBRD’s Renewable Energy Programme is a strategic priority for the energy sector, helping countries to scale up renewable energy by developing supportive policy frameworks that, together with well-designed competitive auctions, are conducive to private sector investment.? Through its Renewable Energy Programme, the EBRD currently supports 16 countries at varying stages of electricity market development, and its support covers more than 15 auctions. To date, auctions supported by EBRD have led to over 5,000 MW of capacity being awarded in 7 countries. A total of 5 projects with a combined capacity of around 690 MW have reached financial close.? In Romania, the Bank fully supports the country’s move towards cleaner energy. Since the beginning of this year, the EBRD has financed nearly 1GW of renewable capacity across six projects. These investments, amounting to over €180 million from EBRD funds, have further mobilised almost €1 billion of private and public finance.??? Overall, the EBRD has invested nearly €11.5 billion in 550 projects in Romania to date.?
Close to 1.8 million Bucharest residents are expected to cast their ballot on Sunday, December 7, to elect the city's next mayor. The post has been vacant since Nicușor Dan was elected president this May. He had secured a second mandate as mayor of Bucharest in June 2024, having won over 48% of the votes. […]
I am a bit late to the party, but I have thoughts (and concerns) on Radu Jude’s much talked-about Dracula, and even more thoughts (and compliments) on other films that I fear might have gone under the radar a bit. Let’s go! There is no more recognizable marketing asset for the local tourism (and no […]
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
