The evaluation of the financial offers submitted by the participants in the first tender of Contracts for Difference (CFD) has ended successfully, being awarded contracts for more than 1,500MW, new green energy production capacities, the Ministry of Energy informs in a release, informs Agerpres.
The weighted average estimated exercise prices for the first round of CfD were 65 euros/MWh for the production of electricity from onshore wind sources and 51 euros/MWh for photovoltaics.
"We had a significant number of participants, and the resulting prices are very competitive, 20-30% below the maximum prices. All our expectations regarding the success of this first tender were exceeded, which confirms the confidence that investors have in Romania and in the future of our energy system. This financial support mechanism helps to stimulate investments in renewable energy projects, reducing financial risks for investors and providing long-term predictability long", said the Minister of Energy, Sebastian Burduja, quoted in the press release.
As a result of the first tender for the State Aid Scheme in the form of Contracts for Difference for the production of electricity from renewable sources of onshore wind and solar photovoltaic energy, on December 12, 2024, the financial evaluation of the submitted offers was completed, from a total of 48 offers submitted for both technologies, 47 being declared eligible to enter the evaluation stage financial. The total offered for onshore wind was 1,196 MW, respectively 1,615 MW photovoltaic.
The minister of energy emphasized that new CfD tenders will be organized next year, namely another 3,500 MW for solar and wind parks, as well as a completely new scheme for storage capacities.
"The success of this first round confirms that it is a correct solution, appreciated by investors and that meets their expectations. Furthermore, through these contracts, we fulfill a new milestone in the PNRR, which demonstrates a simple principle - if you want, you can", Sebastian Burduja said.
As a result of the evaluation of the financial offers, 21 applicants will be declared winners, respectively 11 applicants for solar photovoltaic, totaling a total capacity of 432 MW and 10 applicants for onshore wind with a total capacity of 1,096 MW. Thus, the sum of the capacities declared winning - 1,528 MW - will allow reaching the threshold assumed by the PNRR for signing contracts for the difference for the production of energy from renewable sources of 1,500 MW.
The minimum and maximum exercise prices offered and declared winning for each technology were as follows: electricity production from onshore wind sources - maximum 77.33 euros/MWh, respectively minimum 54.49 euros/MWh; production of electricity from photovoltaic solar sources - maximum 54.18 euros/MWh, respectively minimum 45.05 euros/MWh.
"We specify the fact that each of the bidders declared winners will sign the contracts for the difference at the offered exercise price", the press release also states.