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28 July 08:37

The government will allocate 300 million euro from the EU Modernization Fund for geothermal energy projects, supporting energy efficiency in Romania.

Ana-Maria Tapescu

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Current Affairs

Foto: pixabay.com

The Romanian government plans to implement a €300 million state aid scheme for geothermal energy production and transportation projects, using funds from the sale of CO2 emission certificates. The scheme aims to support investments in geothermal renewable energy to improve energy efficiency, with a budget of €50 million annually over six years. Around 9 beneficiaries could receive aid, each with access to around €33.3 million, including administrative-territorial units and thermal energy producers.

Sources

Guvernul pregătește o schemă de ajutor de stat de 300 de milioane de euro pentru energia geotermală

Schema de stat pentru energie geotermală. Guvernul oferă 300 de milioane de euro pentru producție și transport

Statul român pregătește subvenții de sute de milioane de euro pentru energia geotermală

Statul român pregăteşte subvenţii de sute de milioane de euro pentru energia geotermală

ULTIMA ORĂ Statul român pregătește subvenții de sute de milioane de euro pentru energia geotermală

ȘTIRI PE ACELEAȘI SUBIECTE

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The government has approved the mandate of the Investment and Development Bank for the administration of the Modernization Fund, aimed at renewable sources and energy efficiency.

Economy

The Minister of Energy, Bogdan Ivan, presented Romania's priorities for funding from the Modernization Fund, having up to 10 billion euros available for the modernization of the energy system.

Economy

AFIR will launch a new funding session of 150 million euros for photovoltaic and wind energy production units in agriculture, starting from mid-November.

Current Affairs

Romgaz has approved a decarbonization strategy with investments of 2.5 billion euros until 2050, focused on reducing emissions and transitioning to green energy.

Politics

The government has adopted a memorandum to authorize the Ministry of Investments to conclude new contracts within the PNRR, replacing 23 unfunded projects.

Economy

Romgaz announces a bond issuance of 500 million euros, with a maturity of 6 years, for the financing of development projects, including in the gas sector.

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Government state aid geothermal energy

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