Romania has selected 2.75 GW of solar and wind in its 2nd CfD auction at highly competitive prices
Solar projects exceeded their quota, with 1.488 GW awarded at an average of €40.35/MWh
Winning solar bids ranged from €35.5–€45.2/MWh, with project sizes up to 260 MW, far larger than last year, says RPIA
Wind projects secured 1.263 GW with tariffs averaging €73.89/MWh, below the €80/MWh ceiling
Romania has concluded its auction round 2 for contracts of difference (CfD) scheme with over 2.75 GW of solar and wind power capacity selected, at competitive pricing.
It picked 26 winning offers for solar projects from 8 companies, representing a combined 1.488 GW. The average winning bid for this technology was determined at €40.35 ($47.2)/MWh, as per the Ministry of Energy, much lower than the ceiling of €73/MWh.
According to the Romanian Photovoltaic Industry Association (RPIA), prices of the winning bids for solar ranged from €35.5 to €45.2 ($41.5 to $52.8)/MWh. It also observes that the project sizes in this CfD round expanded significantly. Many bids represent partial capacities of larger projects, it adds.
In the 2024 auction, the largest winning bid was for a 70.2 MW PV project, but this time it went up to 260 MW, adds RPIA (see Romania Selects Over 1.5 GW RE Capacity Under Maiden CfD Auction).
While solar PV technology slightly exceeded its allocated quota of 1.472 GW for the 2025 auction round, wind energy projects did not achieve the original 2 GW allocation, winning only 1.263 GW. The largest project awarded has 211 MW capacity.
Winning tariffs for wind energy range between €65.17 and €79.5 ($76.26 to $93.03)/MWh with an average of €73.89 ($86.47)/MWh, compared to the ceiling of €80/MWh. However, it increased from €65/MWh in the 1st round (see Romania Launches 2nd CfD Auction Round For Nearly 3.5 GW RE).
Selected facilities will secure 15-year CfD deals, backed by €3 billion from the Modernization Fund. Winning power generators offer the lowest price as the bid price or the strike price at which they can supply power. The government promises to pay this price even if the market price for electricity drops. In case the market price exceeds the strike price, the generators pay the difference to the government.
Commenting on the results of the 2nd auction round, Romanian Minister of Energy Bogdan Ivan said, “In this auction round, we attracted investments for 2,751 MW of clean and cheap energy, 37% more than the 2,000 MW objective assumed by the PNRR and at prices up to 50% lower than the maximum ones. Exceeding the PNRR objective demonstrates that Romania is a center for clean energy development, which attracts transparent investments, based on real competition. Through the CfD mechanism, we offer stability to investors and accelerate the energy transition.”