Last month, Aukera reached financial close on the 170MW/340MWh Project Volt BESS in La Louvière, Belgium, developed in a joint venture (JV) with Weerts Group.
Recently, Romania has become one of Europe’s most active BESS markets. Activity has accelerated with gigawatt-level announcements, led by Enery’s US$530 million financing for its 761MWp solar and 1GWh-plus BESS Ogrezeni project, set to become one of Europe’s largest hybrid projects.
Deployments are driven by falling battery prices, growing investor confidence, and country-specific factors. Romania’s expanding solar capacity has created a pronounced duck curve, with daytime solar pushing midday prices down and creating evening ramping requirements, the same dynamics driving gigawatt-scale storage in California and Australia.
The regulatory environment now supports storage through accelerated grid connections for renewable-plus-storage projects and elimination of double taxation via exemptions from transmission tariffs and green certificate requirements.
Additionally, both Bulgaria and Romania have allocated Recovery and Resilience funding to gigawatts of storage. Eurowind Energy’s 116MWh BESS at Teiuș solar park received US$24 million under Romania’s EU National Recovery and Resilience Plan allocation.
