The first project comes from Oradea, a city that has been showing us for years what modern administration means, well anchored in economic realities and oriented towards the future. Through the company Termoficare Oradea, local authorities are investing in the construction of a photovoltaic park on Matei Corvin Street, with a capacity of 10MW and a storage unit with a capacity of 15 MWh. It is a total investment of 94 million lei, of which 17 million lei are non-refundable funds from the Modernization Fund, and the rest – local contribution, meaning assumption, seriousness and co-financing from its own budget. Oradea continues to be that administration model, which has become a quality standard for Romania.

The second project comes from the private sector and has a remarkable scope. The company Gura Solar Plant will build a 74 MW photovoltaic park, with a storage component of 10.16 MWh. The total investment exceeds 139 million lei, of which over 12 million lei represent non-reimbursable funds, the rest being covered by the investor. It is a clear example of how a partnership between the state and the business environment can work well, where there is seriousness, know-how and trust from investors.

Together, the two projects total almost 85 MW of newly installed capacity and over 25 MWh of storage and investments of over 230 million lei, money that creates jobs, develops local economic chains and brings us closer to our objective: safe, cheap and clean energy. Each new MW is the chance for Romanians to have lower bills, once all these investments are completed.

The Modernization Fund is today the most powerful financing instrument for Romania’s energy transformation. Romania is a European champion in attracting financing through this Fund.