Romania Invests €290 Million in Industrial Energy Efficiency

Romania is channeling €290 million into industrial energy efficiency through a competitive funding call, with the Ministry of Energy finalizing project evaluations. This initiative, financed by the Modernization Fund, aims to enhance the competitiveness of the industrial sector and improve air quality.

Initially budgeted at €150 million, the call attracted project proposals from 11 industrial companies. Seven of these projects have been approved, representing a total investment of €290 million. The state's contribution through grants amounts to €109 million, with the remaining sum covered by the companies themselves, demonstrating a significant leverage effect.

According to interim Prime Minister Ilie Bolojan, the approved investments will focus on replacing large energy-consuming equipment, modernizing production lines, electrifying industrial processes, recovering waste heat, and installing real-time energy consumption and emissions monitoring systems. These upgrades are crucial for reducing operational costs and environmental impact.

The expected outcomes are substantial: an annual reduction in energy consumption by 990,000 MWh and a decrease in CO2 equivalent emissions by 239,000 tons per year. The projects are slated for completion by June 30, 2030, following a pre-contracting and contracting period that extends to November 2026. Bolojan emphasized that these investments contribute to a more competitive industry and cleaner air.

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The energy efficiency investments mean lower production costs, a more competitive industry, and cleaner air.