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Romania seeks to finance EUR 500 mln power storage projects from Modernisation Fund

April 4, 2024

Romania's energy minister Sebastian Burduja, attending an energy conference on April 3, warned on the need to boost the country's power storage capacity and mentioned in this regard the efforts to find investors for the Tarnita-Lapustesti pumped hydropower plant as well as attempts to have a EUR 500 million battery power storage project financed from the Modernisation Fund.

He mentioned increasingly frequent situations when the spot electricity market turns negative amid...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romania-scheme-power-storage-projects-2024
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