Romania: Renewable sources have a total of 100.6 ml euro worth of state aid allocated for the next 4 years

Under a government resolution adopted on Wednesday, power and heat producers and administrative – territorial units / intracommunity development units that produce electricity from renewable sources have a total of 100.6 ml euro worth of state aid allocated for the next 4 years.

The implementation of the state aid scheme is aimed at increasing the use of less common energy sources by growing the share of renewable energy of the total primary energy consumption and cutting carbon emissions by partly replacing fossil fuels (coal and gas), the government said in a release.

The carrying out of these projects is intended to increase the installed biomass, biogas and geothermal power and heat capacity by 60 MW.

“Non-reimbursable European funds from the European Regional Development Fund represent 85 pct of the total budget allocation to the scheme and 15 pct come from public co-financing provided from the budget of the Ministry of Regional Development, Public Administration and European Funds and from local budgets,” the release said.

The maximum aid per investment project is 15 ml euro, and the maximum number of aid recipients under the scheme is estimated at 40. The scheme is applicable until December 31, 2020.

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