1 5 kw solar inverter factory in Romania

Will a 1.5 GW solar panel factory be built in Romania?

Romania’s Ministry of Energy has given the green light to a 1.5 GW solar panel factory to be built in the northeastern part of the country. Romania’s Ministry of Energy has approved €32.92 million ($27.2 million) in state aid for the construction of a 1.5 GW solar panel factory.

How much money does Romania need to build a solar panel factory?

Romania’s Ministry of Energy has approved €32.92 million ($27.2 million) in state aid for the construction of a 1.5 GW solar panel factory. SC Heliomit SRL will build the manufacturing facility in Bârlad, northeastern Romania. The ministry approved the funds under the country’s National Recovery and Resilience Plan (PNRR).

How much does solar cost in Romania?

The Romanian authorities recently launched a 1.5 GW renewables tender to procure 1 GW of wind and 500 MW of solar. It announced the results of the auction in December, allocating 432 MW of solar at an average price of €0.051/kWh. The auction was part of a renewable energy procurement scheme aimed at building 5 GW of wind and solar capacity.

Why is Romania supporting solar PV production?

Romania is supporting the development of domestic solar PV production to reduce its imports and become an exporter for Europe instead. (Illustrative Photo; Illustrative Photo; Photo Credit: hyotographics/Shutterstock.com)