In Short : Around 2.75 GW of solar and wind capacity were successfully distributed in Romania’s second auction under the Contracts-for-Difference program with the strategic technical and policy assistance of the European Bank for Reconstruction and Development (EBRD). This exceeds the 3.5 GW target specified in the national recovery plan, bringing the total capacity from both phases to 4.2 GW.
Increasing Market Confidence and Strategic Expansion
With two-way CfD mechanisms, the auction design guaranteed revenue and drew competitive bids, with solar projects selling energy at as low as €35/MWh. The 5.5 GW total bids showed a high level of investor interest and cemented Romania’s standing as the region’s leader in clean energy growth.
Maintaining Growth Momentum with the Help of Policies
In addition to providing funds, the EU’s Modernization Fund helped the EBRD shape the auction mechanism. The program strengthens investor confidence and speeds up the national rollout of renewable infrastructure by providing consecutive successful rounds under a reputable and well-organized methodology.
About the European Reconstruction and Development Bank (EBRD)
One well-known global financial organization dedicated to promoting sustainable growth is the EBRD. Through the effective unlocking of an extra €1.25 billion in third-party funding, it has invested over €350 million in Romania alone, supporting approximately 2 GW of renewable energy projects. It still plays a crucial part in expanding investments in renewable energy and transition finance schemes.
