Romania's Electrica bags funds for 69.9-MWh battery project

Romanian utility Societatea Energetica Electrica SA (BSE:EL), or Electrica, has secured roughly EUR 3.4 million (USD 3.8m) in European funds to support the installation of a 69.9 MWh of battery storage capacity in the Transylvania region of its home country.

The non-refundable amount was received through the National Recovery and Resilience Plan (PNRR), the power utility said on Tuesday.

The proposed battery energy storage system (BESS) will be built in the Fantanele commune in Mures County, central Romania. The capacity will be installed at an estimated cost of EUR 21.8 million, excluding Value Added Tax (VAT).

"We are glad that we managed to be among those who will access the funds from PNRR on this pillar, a much needed incentive in the context of the accelerated energy transition," said general director Alexandru Chirita.

Electrica, which last month completed the acquisition of a ready-to-build solar project in Romania with an authorised installed capacity of 77.5 MW, was last year awarded PNRR funds for a 27-MWp solar project. The Satu-Mare 2 photovoltaic (PV) park is due to go online this year.

(EUR 1.0 = USD 1.112)

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