Acasă » General Interest » Ministry of Energy published the list of investments that can be financed from PNRR and the Modernization Fund

Ministry of Energy published the list of investments that can be financed from PNRR and the Modernization Fund

11 January 2022
Economics&Markets
Energynomics

The Ministry of Energy has published the list of investments that can be financed starting this year with funds from PNRR, the Modernization Fund and the state budget, totaling 16 billion euros.

Thus, PNRR provides an estimated allocation of 1.62 billion euros, and the implementation period is until August 2026.

Of this amount, 460 million euros will go to support production capacity from solar and wind sources with a total capacity of 950 MW. Another 400 million euros will be used to build 1,870 km of new distribution infrastructure ready for the mix of hydrogen and other carbonless gas. And 115 million euros will be allocated to 100 MW projects for the production of hydrogen and/or its use for energy storage. One million euros will also be used for technical support on the development of the National Hydrogen Strategy.

Also from PNRR, 300 million euros will go to the support scheme for flexible and efficient power plants for the production of electricity and heat on gas with maximum emissions of 250 gr. CO2/kWh (CHP) in order to achieve a deep decarbonization; 80 million euros for 240 MW of electricity storage; EUR 150 million to support the production and recycling chain of batteries; EUR 50 million to support the development of the industrial chain of production and/or assembly or recycling of photovoltaic cells and panels.

PNRR also finances 50 projects on stimulating energy efficiency in industry, with a total amount of 64 million lei.

The Modernization Fund currently has an estimated allocation of over 15 billion euro (depending on the future quotation of CO2 certificates) with a implementation period until December 2030.

Projects on energy storage, coal replacement and network balancing, modernization and construction of new sections of energy infrastructure, green hydrogen, high-efficiency cogeneration, modernization of district heating networks, nuclear energy, energy efficiency, biofuels can be funded.

As for the “ElectricUp” financing program, it will have a new stage in 2022, and small and medium enterprises and HORECA will receive funding for the installation of photovoltaic panel systems for the production of electricity with an installed power of between 27kWp and 100kWp required for own consumption and delivery of surplus in the National Energy System, as well as 22KW recharging stations for plug-in hybrid electric and electric vehicles.

The Ministry of Energy is in negotiations with the European Commission to continue the approach regarding the state aid scheme, similar to the mechanism provided by GEO no. 81/2019 to further support energy-intensive industries. Over 130 million euros were allocated to large energy consumers, and the total number of companies that benefited from state aid according to GEO no. 81/2019 is 33, all with 100% private capital, of which 12 limited liability companies and 21 joint stock companies.

At the same time, funds are provided for energy projects under the Cohesion Policy for the period 2021-2027, in the Sustainable Development Operational Program, where there is a dedicated axis, the estimated allocation being of about 0.9 billion euros, respectively in the Fair Transition Operational Program which aims to support the economic diversification of the most affected territories, while supporting the transformation of industrial processes necessary for a transition to a neutral economy, while maintaining or increasing the number of jobs in these sectors. The launch of calls for projects will take place after the approval by the European Commission of the programmatic documents (Partnership Agreement and Operational Programs), the negotiations with the Commission being in charge of the Ministry of European Investments and Projects.

Autor: Energynomics

Leave a Reply

Your email address will not be published. Required fields are marked *