Romania: Food industry companies to invest 25.5 million euros in solar projects with support from Modernization Fund
6 December 2024
Fourteen food industry companies will jointly invest 25.5 million euros in solar installations exceeding 1 MW, aimed at meeting their own energy needs.
Of this total investment, more than 17.1 million euros come from non-refundable funds provided through the Modernization Fund, which is managed by the Ministry of Energy. The Ministry of Agriculture and Rural Development, through the Agency for Financing Rural Investments, is responsible for overseeing the state aid scheme.
To date, the Ministry of Energy has allocated a total of 20.2 million euros from the Modernization Fund to support renewable solar energy projects with capacities greater than 1 MW.
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