State Aid Scheme to support the production of electricity from renewable energy sources Construction of a Photovoltaic Park on the Waste Pile Pinoasa Open Pit Mining Unit. Statistics cookies anonymise your data and help us to learn how visitors use our website. The European Investment Bank (EIB) transferred approximately EUR 1.4 bln to Romania under the Modernization Fund scheme to finance strategic projects in the Improvement of energy efficiency; Energy storage, Energy-intensive Industry improving energy efficiency. The scheme relates to investments into: You may change or cancel your subscription or trial at any time online. The scheme supports the replacement of the energy source with a change of the fuel used or type of energy to renewable energy sources (RES), without high-efficiency combined heat and power (CHP). The support will cover investments aimed at improving energy efficiency, including: The investment will support projects related to the improvement of energy efficiency by constructing thermal conversion installations for alternative fuels. For cost savings, you can change your plan at any time online in the Settings & Account section. a) Construction of new installations operating in conditions of high-efficiency cogeneration. Today, the Modernisation Fund made available 2.4 billion to seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas The projects under the scheme will aim to modernise energy systems and improve energy efficiency. The condition for granting support for an energy storage is to integrate it with the energy source, which will be implemented simultaneously under the project. Modernisation Fund invests nearly 900 million during first year of Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Modernization Fund - natural gas hot water boiler (lignite as the original fuel) Hundreds of Millions of Euros from the Modernization Fund for Romanias top electricity producer to go public in 2bn IPO a) Reduction of the energy performance of public buildings and public infrastructure. How it works - Modernisation Fund - Power plants Premium access for businesses and educational institutions. Romanian minister says EU funds to drive green energy surge revenues from the auctioning of 2% of the total allowances for 2021-30 under the. - Connecting district heating systems in cases where at least one is supplied by renewable heat (fully or partially) - establishing new pipeline connection and A high-pressure K20 steam boiler will be built to burn wood chips and will be installed in a separate boiler room. Implementation of energy-efficient production technologies in EU-ETS manufacturing enterprises. The following technologies will be supported by the investment: (P) Inspiring Education from Three Years Old: Setting the Path to Future Success, (P) InterContinental Athne Palace Bucharest: A New Era of Luxury Hospitality near the Romanian Athenaeum, Andrei Diaconescu, One United Properties: ESG is the driver for increasing company value and building a strong city brand for Bucharest, Franois Bloch, CEO BRD Groupe Socit Gnrale: Our goal is to become a leader in green finance in Romania, Eurostat: Romania sees largest population decline, Bucharest the highest increase, Five Romanian cities ranked in top 100 safest in the world. Gas Transmission Pipeline Black Sea-Podisor. Total expected capacity of to be supported projects is 1 240 MWth. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. The investment proposal consists of implementation the following types of measures in public buildings: The scheme aims to finance projects of 28 municipal waste service providers to produce electricity from photovoltaics. Energy Efficiency and Energy Savings in houses and buildings for Residential Sector (HouseEnerg Programme). Prime Minister Ludovic Orban said that Romania will benefit from European funding estimated at approximately 6 billion euros, through the Modernization The aim of the investment is to support the improvement of energy efficiency through development of energy efficient public transport projects that contribute to reaching energy efficiency targets in the transport sector. You can still enjoy your subscription until the end of your current billing period. Romania: Call for project proposals for financing via the incorporation of smartening elements to improve operation of the system. 4. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. Modernisation Fund catalysing the clean energy The main aim of the proposed investments is modernisation of energy sources and fuel base switch in EU ETS industry, with primary objectives of a substantial improvement in energy efficiency and emission reductions. Modernisation Fund The EIB acts as the auctioneer for the sale of EU allowances and receives the proceeds of each auction, on behalf of the beneficiary Member States. Our website uses anonymised cookies to give you the best browser experience and to collect aggregated statistics. What happens with the employment contract while the employees are on strike? The activities of the Independent Aggregators will include demand side response services., Energy storage and the modernisation of energy networks, The modernisation and development of renewable energy based district heating systems. 2. Romania The projects will boost the transmission systems capacity by nearly 1.7 GW, Transelectrica said. Generation and use of electricity from renewable sources; Energy efficiency in transport. The following technologies will be supported by the scheme: Romania, whose electricity market generates about 5bn in annual revenue, will dedicate 1.3bn per year from its modernisation fund to bolster the green switch, The scheme covers two subprograms targeting energy efficiency in buildings of the central government sector and buildings of the municipalities. The aim The Modernisation Fund aims to help coal-dependent EU member states Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, and Slovakia with the energy transition. KEY FEATURES OF THE MODERNISATION FUND AS ESTABLISHED IN THE ETS DIRECTIVE1 1.1. personalising content and ads, providing social media features and to Generation and use of electricity from renewable sources The investment comprises a 400 kV double circuit overhead line with a total length of 109.8 km. The selection and submission of investment proposals rests entirely with, and is the responsibility of, the Beneficiary Member States. Modernisation Fund Scheme: Modernization of energy sources to natural gas with CHP; priority investment of the Programme HEAT (Modernization of thermal energy supply systems). Construction of a 83.35 MW solar PV farm on the ash and slag deposits of Rovinari power plant. In such cases, compliance with EIBs rules and procedures including its lending policies will also need to apply. The Modernisation Fund is a programme from the European Union to support ten member states to meet 2030 energy targets by helping to modernise energy systems and improve energy efficiency. Scheme to support the creation of new RES production capacities from wind, solar and hydro sources for self-consumption based on a competitive bidding procedure. Replacement for heat pumps (electrically driven) Energy storage instalments for grid security. The activities of the Independent Aggregators will include demand side response services. The investment proposal concerns a scheme for the period 2023-2030 relating to the construction or reconstruction of generating units operating in the conditions of high-efficiency cogeneration (within the district heating system, with ordered thermal power, not less than 50 MW). The investment comprises a 400 kV overhead line with a total length of 35.35 km and 400 kV underground cable with a total length of 2 km. Low-emission biomass boilers and heaters 850 MW at Isalnita. We support credit card, debit card and PayPal payments. (P5 Modernization of natural gas energy sources with CHP). RES technologies: In its first year of operation, the Modernisation Fund made available 898.43 million to eight beneficiary countries to help modernise their energy systems, a) Modernization and reconstruction of existing heat energy supply systems. risks and opportunities. The proposed measures can be divided into two main areas: (1) Energy Efficiency in manufacturing and production processes. The EIB transfers the resources to the beneficiary Member States in accordance with the disbursement decision within 30 days. Modernisation Fund IMPRINT | INTERNATIONAL TERMS OF BUSINESS. The Romanian Government approved on Wednesday, May 4, the ordinance that establishes the institutional and financial framework for the disbursement of grants consumption by 40-50% in relation to the existing consumption for lighting. The thermal and electrical energy produced from biomass will replace the same amount of energy produced from natural gas. generation and use of electricity from renewable sources; improvement of energy efficiency (including in transport, buildings, agriculture, waste, and except in energy efficiency related to energy generation using solid fossil fuels); modernisation of energy networks (including district heating pipelines, grids for electricity transmission, increase of interconnections among Member States); and. "I expect many companies to apply, including industrial consumers which will use the energy for their own consumption," Popescu told Reuters in an interview. The scheme focuses on projects of reconstruction and modernisation of public lighting systems within municipalities and increasing energy efficiency. Benin Can Boost Economic Transformation by Modernizing Road This measure will reduce electricity The Modernisation Fund is a programme from the European Union to support 10 Member States to meet 2030 energy targets by helping to modernise energy - installation of photovoltaic systems; Central government public buildings' renovation increasing energy efficiency. Investment in PV by public municipal waste service providers. This would normally lead to a better control and energy management, driving higher energy efficiency. Modernisation Fund | Keskkonnaministeerium - envir.ee The company needs to be a small, medium or large enterprise carrying out activities in Romania. Construction of a Photovoltaic Park on the Waste Pile Rovinari Est Open Pit Mining Unit. Scheme: Modernisation of energy sources to natural gas with CHP; priority investments of the Programme ENERG ETS (Improvement of energy efficiency and reductions of emissions of greenhouse gases in EU ETS industry). It addresses buildings that have been constructed in accordance with the technical construction regulations in force before 1993. Romania Waste-to-Energy Facility EVO Komoany, Most. Andrei Chirileasa. What makes private education in Central and Eastern Europe an attractive alternative investment? - Implementation of investments in the field of energy storage. 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Scheme to support the creation of new RES production capacities from wind, solar and hydro sources for self consumption for public institutions based on a first come, first served principle. To: Members of the Investment Committee of the The partial replacement of the existing capacity of the EM1 (coal-fired thermal power plant) in Mlnk with the capacity of the newly implemented WTE-HE-CHP plant. The investment will support projects related to the improvement of energy efficiency in enterprises with the following scope: This measure includes improvement of energy efficiency in production lines and modernisation of offices and industrial halls. The investment concerns the deployment of 450 000 smart electricity meters during 2024-2027, as well as the necessary infrastructure. Modernization and development of the information systems and physical infrastructure of a licensed distribution network operator with the purpose of accelerated electrification and decarbonization of energy consumption and production. Examples of the investment proposals that the Fund is backing are: The deadline for beneficiary Member States to submit investment proposals for potential support by the Modernisation Fund for the next disbursement cycle is 27 January 2022 for non-priority proposals, i.e.

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