Solar Energy

Romania Launches First Auction under Contract for Difference (CfD) for Renewable Energy

Romania has initiated its first auction under the Contract for Difference (CfD) mechanism, aiming to award 1.5 GW of renewable energy capacities by year-end, split between 500 MW of solar PV and 1 GW of onshore wind. This marks a significant step in Romania's plan to increase the share of renewables in its energy mix.

Supported by the European Bank for Reconstruction and Development (EBRD) and funded by Spain and the European Union Technical Support Instrument, the CfD mechanism provides revenue stability to developers, encouraging investment. Victoria Zinchuk, Head of Romania at the EBRD, highlighted the alignment between Romania's renewable energy ambitions and the Bank’s strategy.

The auction is part of a broader plan, with another 3.5 GW expected to be awarded in 2025, making up a total of 5 GW. Funding is secured through the European Union Modernisation Fund.

Romania's targets include achieving 34% renewable energy in gross final energy consumption by 2030, with a new draft energy strategy aiming for 44% from low-carbon sources by 2035. The EBRD has already financed nearly 1 GW of renewable capacity in Romania this year, investing over €180 million. To date, the EBRD has invested €11.3 billion in 549 projects across Romania.

Source: EBRD

Volkswagen Expands Green Energy Use with New Solar Farm in Poland

Quanta Energy is constructing a second photovoltaic farm at the Volkswagen factory in Września, near Poznań, Poland. This marks one of the largest on-site solar projects in Europe. Earlier this year, Quanta launched a 13.2 MW photovoltaic farm for Volkswagen, spanning 22 hectares. The installation consists of 22,800

Serbia's Solar Power Capacity Rises to 166 MW as Petka Solar Plant Nears Completion

The total capacity of solar power plants in Serbia has reached 166 megawatts (MW), including installations by prosumers and other sources. This rapid growth is evidenced by recent data showing an increase of 24 MW in three months. The Electric Power Company of Serbia (EPS) is set to contribute further,

OX2, Nala Renewables Begin Construction of 99.2 MW Green Breeze Wind Farm in Romania

OX2 Romania and Nala Renewables have commenced construction of the 99.2 MW Green Breeze wind farm in Galați County, Romania, according to a press release. Nala Renewables acquired the project in August 2024, with OX2 responsible for building and managing operations under Nala’s oversight. Located primarily in Cuca,

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