Romania expects that the European Commission will approve its contract-for-difference (CfD) support scheme for renewable energy projects by January, the energy ministry’s deputy secretary general Catalin Balan said.
The European Bank for Reconstruction and Development, which is helping the ministry build the legal framework for the scheme said it would be operational by August, but Energy Minister Sebastian Burduja told Reuters the first CfD auctions were most likely to happen in 2024.
Romania will launch its first auction for 2 GW worth of onshore wind and solar energy projects to be funded through CfDs, a support scheme which allows the price for electricity to be set at an agreed level.
