The Modernization fund makes a total budget of EUR815 million available for companies for green energy investments, both in a scheme dedicated to boosting consumption efficiency, via the installation of photovoltaic panels (EUR415 million), as well as in the production of green energy from various sources (EUR400 million).

“This is a unique opportunity as the sum is very generous and market demand is rising fast. We are in talks for large and very large projects in green energy production and we are confident the money raised form CO2 certificate trading can put Romania on the map of Europe’s major renewable energy producers,” stated Roxana Mircea, managing director at REI Grup.

(English version by Catalina Apostoiu)