Romania receives 1.1 billion euros for energy

Recently, the European Union Modernization Fund allocated 1.1 billion euros to Romania for the modernization of energy systems, the reduction of greenhouse gas emissions in the field of energy, industry and transport and the improvement of energy efficiency, according to a news published by Startup Cafe.
According to the same source, which cites a document developed by the European Commission, the list of priority investments confirmed for Romania includes:

• 100 million euros for a scheme to support companies in the agriculture and food industry sectors to create new capacities for solar and wind energy production from renewable sources, with or without storage batteries.
• 250 million euros for an investment scheme in new electricity production capacities from renewable sources - solar, wind and hydro.

Analysts appreciate that, for Romania, these financings have the necessary force to accelerate the growth of investments in renewable energies, potentially causing major changes in the energy field.
It is also worth noting the amount allocated to agriculture and the food industry, thus giving the possibility of making important investments at the level of agricultural producers and companies in the food industry.

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