BUCHAREST, 4th April, 2024 (WAM) -- The Romanian Government will approve on Thursday a state-supported scheme financed by European funds to increase energy production from renewable sources, Romanian news agency Agerpres quoted Prime Minister Marcel Ciolacu as saying.
“Today we are also operationalising the largest investment for the energy transition. We are talking about more than €3 billion (US$3.26 billion), financed by European funds,” he said.
Ciolacu explained that the scheme aims to increase energy production from renewable sources such as wind, solar, hydro, nuclear and hydrogen.
The prime minister stressed, “It is very important that energy storage technology will also be funded. The completion of these investments will lead to a lower price in the medium and long term and a higher production of green energy.”