The European Bank for Reconstruction and Development (EBRD) has supported Romania to successfully carry out its second renewable energy auction under the Contracts for Difference (CfD) scheme, completed in August 2025.
The two-way CfD scheme, developed with guidance and support from the EBRD, is designed to encourage investment in renewable energy by offering developers long-term revenue certainty while simultaneously improving the integration of renewables into the market.
During the second renewable energy auction in Romania, 2,751 MW of CfD-backed capacity was allocated, raising the combined total from Romania’s first and second auctions to 4.2 GW. The outcome exceeds the national target of 3.5 GW, set under Romania’s Recovery and Resilience Plan (RRP).
The second renewable energy auction in Romania witnessed bids of more than 5,500 MW for solar and wind projects. Solar photovoltaic schemes especially received bids starting from as low as €35/MWh, demonstrating Romania’s increasing competitiveness in renewable energy and its consistent commitment towards growing clean energy infrastructure.
Romania’s CfD mechanism is funded by the European Union Modernisation Fund.
Supporting the country’s green transition continues to be at the forefront of the EBRD’s activity in Romania. The Bank worked in close collaboration with the Romanian Ministry of Energy to help develop the CfD scheme and auction process, providing technical support, policy design, and implementation support. With the CfD mechanism now proven as a trusted method, Romania can position itself to become a regional power in delivering secure, affordable, and sustainable energy solutions.
Last year, in addition to multiple investments in renewable energy, the Bank successfully facilitated the first CfD auction for 1.5 GW of solar and wind capacity. Subsequently, it signed a Memorandum of Understanding with the Minister of Energy to support the second CfD auction in 2025 and promote reforms to integrate storage into energy markets.
“We are proud of the strong partnership we have fostered in this sector and congratulate our Romanian colleagues on the successful second auction,” said EBRD Director, Romania, Victoria Zinchuk. “This highlights the Ministry of Energy’s commitment to competitive auctions and well-structured support mechanisms, and it sets the stage for further progress, including the development of storage support schemes.”
The CfD mechanism is bringing Romania closer to its long-term decarbonisation goals. Investment in renewable energy is crucial for meeting the country’s climate objectives outlined in its National Energy and Climate Plan, which targets 38.3 percent of renewable energy in gross final energy consumption by 2030. Romania’s broader energy strategy aspires to achieve 44 percent low-carbon energy in gross final consumption by 2035.
As a leader in climate finance, the EBRD has consistently supported renewable energy auctions across its countries of operation. The CfD scheme and auction design were developed under the Bank’s Renewable Energy Market Accelerator (REMA) program, which assists governments in establishing regulatory frameworks capable of attracting large-scale private investment in clean energy, including renewables and energy storage.
Romania’s ambition to implement EU green programs such as Fit for 55 and REPowerEU has catalyzed substantial new investments, aiming for 38 percent of the country’s final energy consumption from renewable sources by 2030. The EBRD remains at the forefront in offering both finance and policy assistance to drive strong private sector engagement to achieve this milestone.
The EBRD has financed nearly 2 GW of renewable energy in Romania since 2024. The investments, totaling over €350 million from the Bank’s own resources, have mobilised almost €1.25 billion of external finance.
Overall, the EBRD has invested nearly €12 billion in 569 projects in Romania.