Development of support schemes for energy storage capacities in Romania (EBRD-22075)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Romania
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Romania
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Hydropower
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Mar 30, 2026

Disclosed by Bank Mar 10, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the EBRD, as Romania accelerates its energy transition to meet 2030 climate and energy targets, integrating flexible and resilient infrastructure is becoming increasingly important. The country's growing share of renewable electricity--driven by competitive auctions, European policy alignment, and private sector interest--requires a parallel investment in electricity storage to maintain grid stability, enable efficient system operation, and support long-term decarbonisation. To achieve these outcomes, Romania aims to develop a dedicated support scheme for renewable energy storage capacity, with assistance from the EBRD.

Romania's National Energy and Climate Plan ("NECP") for 2021-2030 and National Recovery and Resilience Plan ("NRRP") place strong emphasis on increasing the flexibility of the national energy system to enable higher shares of renewable energy. Recognising the critical role of storage in this transformation, both strategic documents identify energy storage--particularly battery storage and pumped hydro--as essential technologies for balancing intermittent renewable generation, reducing curtailment, and enhancing system stability.

The NECP sets out clear objectives for storage deployment, including the commissioning of at least 1,200 MW (2,400 MWh) of battery energy storage and 800 MW of pumped hydro storage capacity by 2030. These capacities are expected to rise substantially by 2035 with 2.000 MW and by 2045 with 4.500 MW, to manage future electricity demand and growing renewable energy penetration. In parallel, Romania's NRRP supports investment in new electricity storage capacities as part of its energy transition objectives and aims to support the installation of new electricity storage capacities to improve grid flexibility.

The objective of this engagement is to create a predictable and bankable support scheme that will attract investment and accelerate the deployment of both large-scale pumped hydro and stand-alone energy storage technologies.

Investment Description
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Investment information not provided at the time of disclosure.


Contact Information
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