European Energy secures 500MW of grid connections in Romania

European Energy recently obtained grid connection approvals for 500 MW of solar and wind projects in Romania, a significant step towards realizing these projects.

Expanding the development channel

European Energy’s development pipeline in Romania now exceeds 1.5 GW of wind and solar projects. This key milestone enables the company to bring these projects closer to the construction phase, marking significant progress for the renewable energy sector in Romania.
Ioannis Kalapodas, Director of European Energy’s Romanian office, sees Romania as a very promising market. The imminent announcement of a Contract for Difference (CfD) auction as part of Romania’s support for renewable energy sources should enable the implementation of many wind and solar projects.

Energy production capacity

According to the International Renewable Energy Agency (IRENA), 11.7 GW of renewable energy capacity has been built or approved for grid connection in Romania by the end of 2023. Increasing the number of grid connections for European energy projects will contribute to this increase.
Thorvald Spanggaard, Executive Vice President and Head of Project Development at European Energy, emphasizes that securing 500 MW of grid connections is a key step towards achieving market leadership. Romania can support a new, progressive trend in renewable energy development thanks to the recent Contracts for Difference support program.

Development prospects

European Energy believes that hybrid projects, combining solar, wind and battery storage technologies, could be a driving force for the development of renewable energy sources in Romania. Another potential initiative to stimulate this development is the establishment of clear regulations on guarantees of origin, which would encourage companies in the country to enter into power purchase agreements.
These steps could help Romania diversify its energy sources and reduce its dependence on fossil fuels. By investing in modern, sustainable infrastructure, Romania could achieve its energy capacity goals while promoting economic growth.
With the recent approval of 500 MW of grid connections, European Energy is making significant progress in realizing its ambition to develop renewable energy sources in Romania. This development is accompanied by significant economic and energy prospects for the country, positioning Romania as a key player in the European renewable energy sector.