The Energy Ministry launched on Monday the renewables Contracts for Difference (CfD) scheme, a financial instrument designed to stimulate the domestic production of green energy.Early this month, the European Commission approved a EUR 3 billion (RON 15.22 billion) Romanian scheme to support onshore wind and solar photovoltaic energy facilities, in order to foster the transition to a net-zero economy, as per the Green Deal Industrial Plan.According to Energy Minister Sebastian Burduja, the contracts for difference will contribute to the achievement of Romania's target of installing 10 GW of renewable energy by 2030, as set forth in the Integrated National Energy and Climate Change Plan.In order to fulfill its commitments for 2030, the government of Romania, through the Energy Ministry, implements a Contracts for Difference support scheme aimed at encouraging priority investments in the low emission power generation technologies needed by the Romanian energy sector, mentions an informative note for bidders for renewables CfDs published by the Energy Ministry.The objective of the CfD scheme is to support Romania in achieving its decarbonisation targets, while maintaining the security of its power supply. The duration of support through the CfD scheme will be of maximum 15 years from the date of payment.Contracts for Difference will be awarded to eligible producers through a competitive bidding process run by Transelectrica SA. The CfDs will be signed by the Romanian gas and electricity market operator (OPCOM) from Romania, as counterparty to the CfD contracts.
Stadio Hospitality Concepts (SHC), one of the most relevant and forward-thinking players in Romania’s hospitality industry, has undergone a remarkable evolution in recent years, expanding its portfolio, refining its concepts, and continuously enhancing the guest experience across all its venues With each new opening or reinvention, SHC has strengthened its position as a trendsetter. Guests […]
Romanian president Nicușor Dan called for firm security guarantees for Ukraine and the immediate return of children abducted during the war, stressing that both are vital to a just and lasting peace. In a message after European Council and Coalition of the Willing videoconferences on Tuesday, August 19, which followed high-level talks in Washington, Dan […]
The medieval fortress of Orăștie, in western Romania, was reopened on Monday, August 18, to the general public, after several years in which it underwent a process of conservation and restoration. The fortress, located in Hunedoara County, is now part of the local tourist attractions in the Mureș Valley. “We are inaugurating an important project […]
The famous Babele Cabin, located at an altitude of 2,206 meters on the Bucegi plateau near the Sphinx and Babele formations, was put up for sale for EUR 1.6 million. Built in 1970, the building is in an advanced state of degradation and requires renovation. It has a total of 20 rooms and over 1,760 […]
One of Bucharest’s most popular summer events is back as Cinema în Aer Liber kicks off its 2025 edition on the Insula Artelor in Titan Park. Running from August 19 to September 14, the festival will transform the island into an open-air movie theater, offering audiences four weeks of free evening screenings. This year’s lineup […]
Maria Dănilă, from Constanta, is the first woman in Romania to climb the K2 peak, in the Karakoram mountain range on the border between China and Pakistan. With this climb, she completed the list of the highest peaks in the world, according to Protv.ro. K2 is not only the second-highest peak...
