The European Bank for Reconstruction and Development (EBRD) has helped Romania complete its second renewable energy auction under the Contracts for Difference (CfD) scheme in August 2025. The auction awarded 2,751 megawatts (MW) of solar and wind capacity, raising Romania’s total CfD-backed capacity to 4.2 gigawatts (GW), which goes beyond the national goal of 3.5 GW set in the country’s Recovery and Resilience Plan (read more here).
The CfD scheme, developed with EBRD’s support, encourages investments by giving developers steady income over a long period and making it easier to connect renewables to the energy market. The latest auction received bids for more than 5,500 MW in solar and wind projects. Prices for solar projects went as low as €35 per megawatt-hour, showing Romania’s growing strength in clean energy.
Funds from the European Union’s Modernisation Fund back the CfD system. The EBRD worked closely with Romania’s Ministry of Energy, offering technical help and advice to design and run the auctions. Victoria Zinchuk, EBRD’s Director for Romania, praised the Ministry’s dedication and said the auction sets up the country for a step forward in adding energy storage and pushing its green transition.
This auction builds on last year’s success when the EBRD supported Romania’s first CfD auction, which brought in 1.5 GW of clean energy projects. The bank also agreed to back reforms that will help integrate energy storage into the market and support future renewables growth.
Romania’s renewable energy push supports its goal of having 38.3% of its energy come from renewables by 2030 and 44% from low-carbon sources by 2035. The EBRD’s Renewable Energy Market Accelerator program helps governments create clear rules that attract private investments in clean energy like renewables and storage. Romania’s efforts to meet EU green policies have attracted more investments, and the EBRD continues to offer financing and policy support to help the country build a greener energy future.
