Support with the establishment of perimeters for concession for offshore wind energy (EBRD-22696)

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
  • 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.

As stated by the EBRD, in 2023, Romania adopted the Government Decision "on the approval of the general legal framework for the implementation and functioning of the Contracts for Difference support mechanism for low carbon technologies" with the Bank's assistance under the REMA Programme, paving the way for the development of a support scheme for offshore wind capacities.

In 2023, Romania adopted the Government Decision "on the approval of the general legal framework for the implementation and functioning of the Contracts for Difference support mechanism for low carbon technologies" with the Bank's assistance under the REMA Programme, paving the way for the development of a support scheme for offshore wind capacities.

Under the Offshore Wind Energy Law (2024), the Ministry of Energy now aims to install 3 GW of offshore wind capacity by 2035.

The Ministry has hence requested EBRD's support with identifying suitable concession areas (perimeters) to establish the technical foundation for developing offshore wind in the Romanian Black Sea.

This TC identifies and delimits maritime perimeters for installing offshore wind capacities with a minimum potential capacity of 800 MW.

This study provides potential offshore wind developers the basic elements required for concessionable marine perimeters, such as wind resource, geotechnical and seabed conditions, environmental conditions, interconnection with the national energy system and integration of spatial constraints.

The TC is part of the broader REMA Programme in Romania and focuses on the technical groundwork for offshore wind development in its first phase. A subsequent phase will focus on the development of a support scheme for offshore wind.

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


Contact Information
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ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

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You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html

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