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Romania's 1.5 GW PV Module Factory Secures Significant National Subsidies

iconJan 13, 2025 08:38
Source:SMM
[Romania's 1.5GW PV Module Factory Secures Significant National Aid Funding] According to Polaris Solar PV Network, it has been reported recently that the Romanian Ministry of Energy has officially approved national aid funding of up to 32.92 million euros for the construction of a 1.5GW PV module manufacturing factory. The factory will be located in Bârlad, in north-east Romania, and the construction will be undertaken by SC Heliomit SRL. (Polaris Solar PV Network)

According to Polaris Solar PV Network, it has been reported recently that the Romanian Ministry of Energy has officially approved national aid funding of up to 32.92 million euros for the construction of a 1.5GW PV module manufacturing plant. The plant will be located in Bârlad, in north-east Romania, and its construction will be undertaken by SC Heliomit SRL.

It is reported that the approval of this national aid funding is based on Romania's National Recovery and Resilience Plan (PNRR). Prior to this, PNRR had also approved two other PV manufacturing projects. These three projects are expected to produce over 1.7GW of solar cells and PV modules annually and have already received more than 47 million euros in national aid. Among them, the agreement for the first PV manufacturing project was signed in October 2024. According to the agreement, a PV module manufacturing and recycling plant with a capacity of 140MW and a value of 3.89 million euros will be built in Sântandrei, central Romania.

In recent years, Romania's installed PV capacity has grown rapidly. To achieve its 2030 renewable energy targets, Romania is expected to increase its renewable energy capacity by approximately 7GW, of which about 3.7GW is planned for PV solar projects. The Romanian Photovoltaic Industry Association has stated that by 2026, the country is expected to add at least 3GW of renewable energy, including approximately 2GW of PV power.

 

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