Energy efficiency and energy savings in new buildings for public sector (ENERGov Programme). 3. Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has signed a strategic collaboration with Danske Bank, a leading Nordic Bank, to accelerate the banks digital transformation initiatives with speed and scale. Business Insider SRL is a carrier of data with personal character, registered in the Registrul de Evidenta a Prelucrarilor de Date cu Caracter Personal with the no. The investment comprises a 400 kV double circuit overhead line with a total length of 109.8 km. The scheme concerns the installation of multi-type energy storage and devices aiming at supporting network stability and quality of electricity supply by providing voltage regulation services at local level. The country could also build small nuclear reactors. The scheme covers two subprograms targeting energy efficiency in buildings of the central government sector and buildings of the municipalities. Scheme (Part A): Support for photovoltaic power plants with installed capacity up to 1 MW of the RES+ Programme (New renewable energy sources). Romanian minister says EU funds to drive green energy surge Romanias top electricity producer to go public in 2bn IPO Andrei Chirileasa. Generation and use of electricity from renewable sources The investment proposal concerns a scheme for the period 2022-2030 relating to the modernisation (reconstruction or replacement) of natural gas energy sources in industry under EU ETS into high efficiency combined heat and power (CHP) generation. The support aims at increasing energy efficiency, reducing energy consumption, and further increasing adaptation and mitigation measures in building in residential sector, in particular by: Examples of the investment proposals that the Fund is backing are: The deadline for beneficiary Member States to submit investment proposals for potential support by the Modernisation Fund for the next disbursement cycle is 27 January 2022 for non-priority proposals, i.e. Romania, whose electricity market generates about 5bn in annual revenue, will dedicate 1.3bn per year from its modernisation fund to bolster the green switch, Development of cogeneration based on municipal biogas. Development of the power grid for future electric car charging stations. Web1. Romania gets EUR 1.1 bln more for decarbonisation under Investment in PV by public municipal waste service providers. Check if your Statistics cookies anonymise your data and help us to learn how visitors use our website. Scheme to support the creation of new RES production capacities from wind and solar sources, with or without storage, for enterprises in the agricultural and food sector based on a competitive bidding procedure. b) Installation and renovation of renewable energy sources for public buildings or to provide system energy supply in the public sector. Modernisation Fund invests 2.4 billion to accelerate the green Investments in these areas are referred to as priority investments: All investments qualifying for the Modernisation Fund, but falling outside the priority areas are considered as non-priority investments. Click "accept all cookies" to agree to the use of cookies. Construction of WtE facility in the Mlnk power plant location. Replacement of solid fuel based powered production process by electrified technology thus eliminating direct GHG emissions. Romanias Ministry of Energy approved EUR 424 million in grants from the Modernisation Fund to Transelectrica. BUCHAREST, Jan 14 (Reuters) - European Union support schemes will drive a surge in renewable energy projects in Romania to replace outdated coal-fired power plants and help the country meet its climate targets, Energy Minister Virgil Popescu said. personalising content and ads, providing social media features and to Scheme: Modernization of energy sources to natural gas with CHP; priority investment of the Programme HEAT (Modernization of thermal energy supply systems). The thermal and electrical energy produced from biomass will replace the same amount of energy produced from natural gas. Premium access for businesses and educational institutions. the generation and use of electricity from renewable sources; improving energy efficiency (including in transport, buildings, agriculture, waste, and except in energy efficiency related to energy generation using solid fossil fuels); modernising energy networks (including district heating pipelines, grids for electricity transmission and the increase of interconnections between Member States); support to a just transition in carbon-dependent regions in the beneficiary Member States, to support the redeployment, re-skilling and up-skilling of workers, education, job-seeking initiatives and start-ups, in dialogue with social partners. The Modernisation Fund is a dedicated funding programme to support 10 lower-income EU Member States in their transition to climate neutrality by helping to modernise their energy systems and improve energy efficiency. The partial replacement of the existing capacity of the EM1 (coal-fired thermal power plant) in Mlnk with the capacity of the newly implemented WTE-HE-CHP plant. Currently used lignite-biomass boiler will be replaced by 100% biomass combustion. Modernisation Fund Improvement of energy efficiency All quotes delayed a minimum of 15 minutes. EC clears EUR 1.4 bln for financing projects in Romania under Subsequent disbursement of the scheme MF 2022-2 HR 0-002, Subsequent disbursement of the scheme MF 2022-1 HR 0-001, PV and energy storage for the public water service providers. The carmakers did not immediately respond to requests for comment. A second selection round will be organised once the legal framework for the implementation of the EU Modernisation Fund is put in place. In such cases, compliance with EIBs rules and procedures including its lending policies will also need to apply. At least 70% of the EU Modernisation Fund will go topriority investments, namely those aimed at: The remaining 30% of available funds will target investments that qualify for the EU Modernisation Fund, but do not fall under the above priority areas (so-called "non-priority investments"). Electricity storage systems and reimbursement of acquisition and installation costs of smart metering and energy management system facilities can be also supported as a part of a complex photovoltaic plant project installed directly at the source site. Modernisation of energy sources and fuel base switch in thermal energy supply systems, with primary objective of decommissioning of coal-fired energy sources, in particular replacement of the energy source with a change of the fuel used or type of energy to natural gas without CHP. 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Find out the daily price of EUA Futures (in ) for one lot of 1000 Carbon Emission Allowances (EUA), with each EUA being an entitlement to emit one tonne of carbon dioxide. Modernisation Fund 850 MW at Isalnita. Increase in energy efficiency in agriculture. The use of alternative fuels for energy purposes. It addresses buildings that have been constructed in accordance with the technical construction regulations in force before 1993. The scheme aims at replacing inefficient fossil fuel based domestic heating sources with renewable heat sources through the following measures: Waste-to-Energy Facility EVO Komoany, Most. Improvement of energy efficiency; Generation and use of electricity from renewable sources, Financial instrument for improving energy efficiency in business (ENERG Programme). This does not include online advertising cookies. straight to the point. This is the first step of a more complex process that does not automatically secure financing for the selected projects, but rather helps assess the financing requirements. Romania has strong pool of renewable energy, transport projects Energy efficiency improvement and generation of electricity from renewable sources of the The investment concerns the development or modernisation of power distribution lines and substations in order to support the connection of public and non-public charging points. Modernization and development of the information systems and physical infrastructure of a licensed distribution network operator with the purpose of accelerated electrification and decarbonization of energy consumption and production. sina. The project aims to replace of the heat generated from natural gas and supplied into the DH network in Brno with the heat and electricity produced in WtE plant. The projects will boost the transmission systems capacity by nearly 1.7 GW, Transelectrica said. 28 electric buses. The project concerns the development of a new 400 kV power line between Constanta Nord substation and Medgidia Sud substation as well as the expansion of the two substations. Energy efficiency in transport sector - support for introduction of electric vehicles and corresponding charging infrastructure. The investment proposal consists of implementation the following types of measures in public buildings: The Modernisation Fund cannot finance investments which involve solid fossil fuels, unless such investments relate to efficient and sustainable district heating in Bulgaria and Romania (Member States with a GDP per capita below 30% of the Union average in 2013). Romanian and U.S. officials signed an agreement in 2020 to cooperate on adding the two reactors, in a project to be led by a U.S. construction and engineering firm. Romania Battery storage for energy balancing services to Croatias TSO. - implementation of energy management. The investment proposal aims to develop capacities of the production of green hydrogen, thereby increasing the share of renewable energy sources in energy consumption and decreasing GHG emissions. Co-financing from private and public entities is possible, as long as State aid rules are respected and the same costs are not already funded by another Union or national instrument (no double funding). Support can also represent a replacement from a fossil and inefficient heat source and connection to an efficient heat supply system. Scheme to support the creation of new RES production capacities from wind, solar and hydro sources for self-consumption based on a competitive bidding procedure. Renovation (modernisation) of public buildings owned by municipalities, increasing energy Installation of industrial waste heat recovery technologies to produce electricity based on Organic Rankin Cycle principles resulting in energy efficiency increase and decrease in grid electricity consumption. The Scheme covers only one measure, which is the promotion of energy from RES, meaning that 100% of the Scheme volume is going to be invested into this specific measure. Pilot project - Refurbishment of the 220/110/20 kV Alba Iulia station in digital concept station. Modernisation of energy sources and fuel base switch in thermal energy supply systems in EU ETS industry, with primary objective of decommissioning of coal-fired energy sources, in particular replacement of the energy source with a change of the fuel used or type of energy to natural gas without CHP. Compare Standard and Premium Digital here. The European Investment Bank (EIB) transferred approximately EUR 1.4 bln to Romania under the Modernization Fund scheme to finance strategic projects in the The EU Modernisation Fund is financed from revenues achieved from the auctioning of 2% of the total greenhouse gas emission allowances for 2021 2030 under the EU Emissions Trading System. The aim of the investment is to support the improvement of energy efficiency through development of energy efficient public transport projects that contribute to reaching energy efficiency targets in the transport sector. The scheme comprises the financial incentive which foresees compensation for natural persons and legal entities for purchasing battery electric vehicles (BEV). Call For Project Proposals For Financing Via The EU Modernisation Fund - Renewables - Romania Update: The Romanian Ministry of Economy, Energy and Business Environment has extended the submission deadline for project proposals Home Europe Romania Energy and Natural Resources CONTRIBUTOR Most Read:Contributor You can set your individual cookie settings here at any time. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Romania to benefit, 2021 to 2030, from financing of - ACTMedia You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. - automation, optimisation of control and monitoring of the operation of public lighting systems in order to reduce energy consumption. Share. Modernisation of technological lines Generation and use of electricity from renewable sources; Improvement of energy efficiency, Modernization of Brno-North Heat Source for Brno City Heat Energy Supply System. The investor may contribute to the total eligible value of the project, may also cover the non-eligible costs and has identified the financing sources for its own contribution. , State Aid Scheme to support the production of electricity from renewable energy sources from the Modernisation fund. The scheme supports energy efficiency measures within renovation of multi-apartment buildings. 1. Construction of a Photovoltaic Park on the ash and slag closed deposits of SE Rovinari. Supported measures within the scheme: Integration of Metering Data Management (MDM) System, part of Advanced Metering Infrastructure project. 2 300 000 smart metering devices in the service of the Bulgarian DSOs, Electrodistribution Grid EAD (EDG West). 28263. The investment will support projects related to the improvement of energy efficiency in enterprises with the following scope: Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. For Romania, the projects eligible are those for renewable energy, nuclear energy, electricity transmission networks, networks for the distribution and transport of natural gas, and the financing of gas storage projects, Economica.net reported. "Now that we are introducing support schemes, I am convinced there will be an explosion of renewable energy development," Popescu said, adding CfDs would also be used to finance conventional energy such as nuclear. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Funded by revenues from the auction of emission allowances from the EUs Emissions Trading System, theModernisation Fundaims to support ten EU countries with lower-income in their transition to climate neutrality by modernising their power sector and wider energy systems, boosting energy efficiency, and facilitating a just transition. - natural gas hot water boiler (lignite as the original fuel) Romania received EUR 424 mln from the EU budget under the Modernization Fund to develop its energy infrastructure. WebThe Modernisation Fund is funded from the revenues from the auctioning of 2% of the total allowances for 2021-30 under the EU Emissions Trading System (EU ETS), as well as any additional allowances transferred to the Modernisation Fund by beneficiary Member States. The investment proposal concerns a scheme for the period 2022-2030 relating to the modernisation (reconstruction or replacement) of energy sources in industry under EU ETS into high efficiency combined heat and power (CHP) generation with fuels switch from solid fossil fuels to natural gas. The Fund complements other European instruments such as thecohesion policyand theJust Transition Fund. Today, the Modernisation Fund made available 2.4 billion to seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas Modernization of the KO-ENERGO heating plant. EIB disburses EUR 1.4 bln to Romania for energy projects under Optimising the consumption of electricity necessary to illuminate the premises of offices, production halls and outdoor areas. Construction of a 65.78 MW solar PV farm on the Waste Pile Pinoasa in Gorj county. These include the exclusion of microenterprises from the category of potential beneficiaries, as well as a list a of questions and answers subject to periodic updates. Modernisation Fund - Internal Market, Industry, Entrepreneurship a) Modernization and reconstruction of existing heat energy supply systems. The project will increase energy efficiency, support the systems flexibility, reduce losses, and enhance the control and supervision of the network. Replacement of lignite fuelled boiler with Waste to Energy high efficiency Combined Heat and Power plant in Pisek. "The advantages are two-fold: their energy costs go down and demand on the power network eases and prices go lower.". The investment concerns the refurbishment of the 220/110/20 kV substation of Alba Iulia with the installation as a pilot project of a smart grid architecture and digital standards. Member States could draw on other national funds and/or European instruments, such as: Our website uses anonymised cookies to give you the best browser experience and to collect aggregated statistics. (P5 Modernization of natural gas energy sources with CHP). a) Construction of new installations operating in conditions of high-efficiency cogeneration. Supported measures fall under the following categories: Our website uses anonymised cookies to give you the best browser experience and to collect aggregated statistics. b) measures concerning changes in technological processes and configuration in order to reduce GHG emissions. For a full comparison of Standard and Premium Digital, click here. Following the IC meetings there will be two disbursement decisions per year, covering investments in all beneficiary Member States. - Heating plants Romanias 3. read more. Investors could benefit from EU Modernisation Fund financing of up to 100% of the project value in case of priority investments and up to 70% of the project value in case of non-priority investments, provided the maximum funding is in line with EU State aid rules. Danske Bank Selects Infosys as Strategic Partner to Accelerate Converting to 400 kV of the OHL Brazi Vest - Teleajen - Stlpu. Romania Scheme to support the creation of new RES production capacities from wind, solar and hydro sources based on a competitive bidding procedure. The project proposes investments in automation, digitalisation and development for the electricity network, replacement of grid transformers, switchgears, telecontrol system integration, construction and replacement of cable lines. The investment concerns the development of a new 400 kV power line between Gdlin substation and Suceava substation as well as the expansion of the two substations. Optimising the operation of the existing 400 kV OHL in NPS (SEN), used for interconnection and power output from Cernavod nuclear power plant and the renewable-energy power plants in Dobrogea, by installing on-line monitoring systems (SMART GRID). See here for a complete list of exchanges and delays. Danske Bank Selects Infosys as Strategic Partner to Accelerate Investments were confirmed in Romania (1391.6 million), Czechia (520 Scheme (Part A): Modernisation of energy sources priority investments of the Programme HEAT. Transferring the respective resources to the beneficiary Member States following the disbursement decision. The investment concerns construction of the high-efficiency cogeneration plant using municipal waste with a capacity of 150 000 tonnes/year in Most. - purchase and installation of charging stations for electric vehicles. WebThe Modernisation Fund (MF) is a dedicated funding programme created in the 2018 revision of the EU Emissions Trading System (ETS) Directive to support 10 EU Member States to meet the 2030 climate and energy targets and play an active role in EU transition to climate neutrality1. This information helps us to learn how visitors use our website. Renewable Modernisation of Energy Sources for Residential Sector (HOUSEnerg Programme). This site is managed by the Directorate-General for Climate Action, Modernisation Fund invests nearly 900 million during first year of operation, Effort sharing: Member States' emission targets, Adopted disbursement decisions and annexes, Recommendations of the Modernisation Fund Investment Committee, Follow the European Commission on social media. This would normally lead to a better control and energy management, driving higher energy efficiency. IMPRINT | INTERNATIONAL TERMS OF BUSINESS. The Modernisation Fund is a dedicated EU funding programme to support 10 lower-income EU Member States (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, investments that fall under the priority areas. Construction of a Photovoltaic Park on the Waste Pile Rovinari Est Open Pit Mining Unit. - Construction of a thermal conversion installation for alternative fuels, operating in high-efficiency cogeneration conditions (excluding energy generated in a coal-fired cogeneration unit), including their connection to the transmission network. WebThe Modernisation Fund (MF) is a programme from the European Union to support 10 lower-income EU countries to reach their goals of climate neutrality by helping to Subsequent disbursement of the scheme MF 2021-1 PL 0-003. The aim The Modernisation Fund aims to help coal-dependent EU member states Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, and Slovakia with the energy transition.
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