A number of 26 new financing contracts, with a total value of over 14 million euros, for the installation of photovoltaic panels at the level of town halls were signed on Monday, as part of the call from the Fund for Modernization: Program – key 1: Renewable energy sources and energy storage, informs the Ministry of Energy.
The projects aim to support investments in new electricity production capacities from renewable sources for local communities, the beneficiaries being public institutions.
The total value of the financed projects is 70.211 million lei (14.111 million euros), the total value of financing from the Fund for modernization is 66.479 million lei (13.361 million euros), and the total installed capacity is 10.31 MW , according to Agerpres.
“Since the beginning of this program, we have managed to finance over 194 contracts with several town halls, universities and public institutions, with a total value of over 634 million lei and a total installed capacity of 90.91 MW. Through these investments , the beneficiaries will develop photovoltaic, wind or microhydropower plants for self-consumption. Once implemented, the projects will cover up to 79% of public institutions’ own consumption, from public lighting to school utilities. These contracts will create new jobs and reduce costs with energy at the local level, encouraging a cleaner environment,” said the Minister of Energy, Sebastian Ioan Burduja, quoted in the press release.
“The Ministry of Energy offers all the support to local communities to develop new renewable energy production capacities for self-consumption. Thus, public administrations will become more energy efficient and will have a cleaner environment,” the statement reads.
Also through this program, on Friday, September 27, the financing contract for supporting investments in new production capacities of electricity produced from renewable sources for self-consumption was signed with the municipality of Iaşi, Iaşi county. The total value of the project was 49.7 million lei and a total installed power of 9.0 MW.
The Ministry of Energy states that it maintains its commitment to support local communities to become energy efficient and thus reduce the pressure on electricity bills.