Bids for the first tender through Contracts for Difference (CfD) can be submitted until November 18, 2024, provided that additional requests for clarifications received after October 23, 2024, the initial deadline for completing this process, have been completed, announced, on Tuesday, the Ministry of Energy.
In addition, the Ministry of Energy published on its website an updated document of 64 pages regarding the questions and answers related to the clarification of the aspects related to the participation in the auction process in order to provide the most relevant information with the aim of ensuring as many participation as possible in the first auction CfD, according to Agerpres.
The document includes, among other things, clarifications related to changes to the contract, rules applicable to the applicant, about the bidding procedure, guarantees (participation and good execution), CFD, beneficiary obligations, financial resources and CFD payments. There are also clarifications about legislative changes, the content of the Technical Offer and the Financial Offer, eligibility criteria, limitations of liability and losses, penalties and much more.
“The Ministry of Energy considers the clarification process related to the first tender for the production of electricity from renewable sources of onshore wind and solar photovoltaic power through Contracts for Difference (CfD) to be closed and encourages interested parties to submit offers by November 18,” the institution states. The first tender within the CfD scheme will support the development of photovoltaic projects with a capacity of 500 MW and onshore wind projects of 1,000 MW.
According to the Minister of Energy, Sebastian Burduja, investors will benefit from support in the form of a contract for difference, which will guarantee them a fixed price for the sale of electricity for a period of 15 years. The price will be set following a competitive auction, with a maximum starting threshold of 78 euros/MWh for photovoltaic projects and 82 euros/MWh for onshore wind ones.
“I invite as many investors as possible to participate in this auction and contribute to the transformation of the energy sector in Romania. The more bidders we have, the more we will be able to accelerate the change necessary to increase the production capacity of energy from renewable sources, to a competitive cost. I remind you that Romania is the first country that managed to finance the CfD scheme from the Modernization Fund, obtaining an amount of 3 billion euros for this purpose,” said the Minister of Energy, Sebastian Burduja, at the beginning of September.
The second auction will cover a total capacity of 3,500 MW from onshore wind and photovoltaic projects and is scheduled for launch next year. These measures will contribute to increasing and strengthening Romania’s capacity to produce energy from renewable sources, bringing major benefits to the economy and citizens, as well as ensuring energy security and price competitiveness.
The signing of the contracts for the first auction is expected to be completed by the end of this year, said the quoted source.