Wednesday, April 19, 2017

Romania: New Support Scheme to Aid Development of Geothermal Energy

New State Aid Scheme in Romania to encourage production of energy from biomass, biogas and geothermal resources (Lexology)

The Romanian Government has just approved through Government Decision no. 216/2017 a new state aid scheme aimed to support investments for promoting energy production from less exploited renewable resources, namely biomass, biogas, geothermal energy.

The New Support Scheme is applicable until 2020 and has a total allocated budget of EUR 100,630,588 (85% ensured from the European fund for regional development and 15% ensured from the state budget).

The technical potential remained unexploited is of approximately 8,000 ktoe, where biomass and biogas represents 47%, solar energy represents 19%, wind energy represents 19%, hydropower energy represents 14% and geothermal energy represents 2%.

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