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MODERNISATION FUND. SUPPORTING INVESTMENTS IN NEW ELECTRICITY PRODUCTION CAPACITIES PRODUCED FROM RENEWABLE SOURCES FOR SELF-CONSUMPTION

MODERNISATION FUND. SUPPORTING INVESTMENTS IN NEW ELECTRICITY PRODUCTION CAPACITIES PRODUCED FROM RENEWABLE SOURCES FOR SELF-CONSUMPTION

Final guide – 5 April 2024

The overall objective

Increased production of electricity from renewable sources through the installation of new energy production capacities from renewable sources, for self-consumption, contributing to the achievement of the objectives assumed by Romania within PNIESC and FM - Key Program 1: Renewable energy sources and energy storage.

The allocated budget

The estimated total budget is the equivalent in lei of the amount of 415,000,000 euros and represent non-refundable amounts from the Modernisation Fund, broken down as follows:

Actions:

Realization of new energy production capacities from renewable wind, solar or hydro energy sources - 415,000,000

For wind energy – 30,000,000

For solar energy (below 5 MW, inclusive) – 216,000,000

For solar energy (over 5 MW) – 144,000,000

For hydro energy – 25,000,000

The amount of state aid requested per installed MW is a maximum of:

  • Wind energy: 700,000 Euro/MW – for all capacities
  • Solar energy:
  • 450,000 Euro/MW – for installed capacities up to 5 MW (inclusive)
  • 360,000 Euro/MW – for installed capacities of over 5 MW
  • Hydro energy: 1,805,000 Euro/MW – for all capacities

Financing rate – 100% of eligible expenses, with a maximum value of 20,000,000 euros / enterprise

Project proposal submission period: 25.04.2024 – 22.08.2024

Eligible applicants

Applicants must cumulatively meet the following institutional, legal and financial conditions:

  • The applicant has legal personality, is legally constituted in accordance with the national legislation or in accordance with the specific legislation of the member state whose nationality he holds and registered with ONRC in Romania, from the date of submission of the funding request until the date of the first payment from the state aid granted
  • The applicant operates in an eligible sector. Applicants who operate in the fishing and aquaculture sector, as well as those who have entered the following CAEN codes as main activities or secondary activities in the statute/constitutive act, are not eligible: CAEN code 01 – Agriculture, hunting and related services; CAEN code 10 – Food industry; CAEN code 11 – Manufacture of beverages.
  • The applicant falls into one of the following categories: micro enterprise/small enterprise/medium enterprise/large enterprise (including start-ups)/autonomous firms.
  • The applicant does not fall into one of the situations: inability to pay/is in a state of insolvency; bankruptcy, liquidation, etc.
  • The applicant demonstrates financial capacity to support the implementation of the project, including the storage facility, if applicable.

Fundable activities

  • The purchase of new installations/equipment for the construction of new electricity production capacities from renewable wind, solar or hydro energy sources;
  • Constructions that are the object of the project to produce electricity from renewable sources of wind, solar or hydro energy.

Eligible expenditure categories (examples):

  • Land development expenses
  • Expenses for providing the utilities necessary for the objective
  • Expenses with the payment of site managers
  • Construction and installation expenses
  • Expenses for the installation of machinery, technological and functional equipment
  • Equipment expenses
  • Expenditure on intangible assets
  • Expenses for construction works and installations related to site organization

Important!

The percentage of electricity used for self-consumption from the total energy produced is at least 70%.

The implementation of the project can begin after the submission of the funding application.

Other opportunities