Romania Photovoltaic Projects

Romania’s economy and security policies rely heavily upon development of domestic energy sources. The country is slowly shifting from coal and adapting gas, nuclear, hydro, biomass, and other renewable energies. These are strategic projects for the Romanian energy sector, included in the Restructuring and Decarbonization Plan of Oltenia Energy Complex approved at the beginning of the year by the European Commission.

American companies with strong export experience in providing specialized equipment for energy installations and distribution grids (intellectual know-how, smart-grid technologies, architecture, engineering and construction; operation; and maintenance and repairs) are encouraged to pursue new business.

The Investment Committee of the EU Modernization Fund approved Romania’s request for financing for future gas power plants at Oltenia Energy Complex and confirmed financing for photovoltaic projects.

The total value of the two projects is over 841 million euros, of which 50% will come from the Modernization Fund. The estimated timetable is that the eight photovoltaic parks will be operational in 2024, and the two gas blocks from mid-2026. Oltenia Energy Complex has relaunched the selection process for the 850 MW combined cycle power plant project in Işalniţa.

These transformation projects have been included in the Government of Romania’s Integrated National Plan for Energy and Climate Change as well as in the National Energy Strategy.

U.S. expert providers with proven export success in the above-listed capacities, to government and institutional clients, are encouraged to pursue this opportunity. For more information contact the U.S. Commercial Service at Office.Bucharest@trade.gov.