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.?
“Little London” Theoretical High School, a private educational institution in Romania that values the Romanian educational system, has started construction work for the expansion of its school campus located in Voluntari, on Erou Iancu Nicolae Street. This initiative will increase high school capacity by 30% starting from the 2025-2026 academic year. In this context, the […]
British heavy metal band Iron Maiden will perform at Bucharest’s National Arena on May 28, 2026, as part of their “Run For Your Lives” anniversary world tour, promoter Emagic announced on Thursday, September 18. The concert will feature a career-spanning setlist highlighting defining moments from the group’s five-decade history, accompanied by what organizers described as […]
Three-quarters of Romanians believe that the war in Ukraine affects Romania to a very great and fairly great extent, according to the third edition of the Informat.ro barometer by INSCOP Research, carried out between September 1 and 9. The monthly survey, which aims to bring to public attention topics of interest, shows that “opinions are […]
Daniela Schoppmeyer, the majority shareholder and general manager of Faberrom, a company that took over in the 1990s most of the spaces of the former APACA clothing factory in western Bucharest, is the new owner of half of the emblematic Scala residential block, on Magheru Boulevard, Profit.ro reported. Schoppmeyer...
The Bucharest Municipal Parking Company (CMPB) inaugurated 189 new parking facilities with more than 12,400 spaces in the first half of 2025, while revenues from parking fees rose 20% year-on-year to RON 50.4 million (roughly EUR 10 million), the company said on Thursday, September 18. CMPB reported a net profit of RON 28.3 million for January–June […]
Romania has inaugurated underwater seagrass meadows and artificial reefs in the Black Sea as part of a major restoration project aimed at curbing erosion and reviving marine biodiversity, the National Administration “Apele Române” said. More than 20 hectares of seabed have already been planted with Zostera noltii seagrass and transplanted with Cystoseira barbata seaweed, creating […]
