Romania will soon launch its first contract for difference (CfD) auction aimed to support 2 GW of wind and solar projects, The European Bank for Reconstruction and Development announced. EBRD is working with the Romanian authorities on the project.
EBRD added that the auction will be conducted in the coming month and successful bidders should be announced in November 2023.
The first tender of the two-way CfD support scheme seeks to provide 15-year backing to 1 GW of onshore wind capacity and 1 GW of solar capacity. Overall, the plan is to award CfDs to 10 GW of wind and solar capacity by 2030. The new CfD auction scheme is in line with Romania’s Recovery and Resilience Plan milestones and its renewable energy targets and is crucial for unlocking private sector investments and ensuring the shift to a resilient and green energy sector.
