The Ministry of Energy signed 55 financing contracts related to the call financed by the Modernization Fund, Key Program 1: Renewable energy sources and energy storage – Supporting investments in new electricity production capacities produced from renewable sources for self-consumption for public entities. The total value of the contracts signed amounts to 120.9 million RON, with a total installed power of 18.45 MW.

“So far, we have signed projects worth over 1 billion lei for city halls and public institutions, through which they will build solar parks and reduce their electricity bills. Today alone, we have signed with 55 city halls and public institutions, supporting local communities to reduce utility costs, ensure energy consumption for schools, nurseries, polyclinics or public lighting, and return the money saved to the community through new investments,” said Sebastian Burduja, Minister of Energy.

“My mandate motto remains the same: investments, investments, investments. So far, on this call, we have signed 367 financing contracts for the construction of new solar parks. The direct beneficiaries are city halls and public institutions, but also citizens who will have cleaner air, cheaper energy and new investments in local communities. The total value of the contracts signed to date amounts to over 1 billion lei, of which 938 million lei are non-reimbursable funds from the Modernization Fund”, said Minister Burduja.