Eurowind Targets 1GW Renewables in Romania by 2030

PVTIME – Danish renewable energy firm Eurowind has announced plans to significantly increase investment in Romania, building on its 14-year presence in the country. The company aims to reach 1GW of installed renewable capacity by 2030, comprising wind, solar, and energy storage. It will allocate 30% of its annual €1 billion investment budget to Romania.

Eurowind currently operates around 124MW of wind and solar assets in Romania, and the 48MW Pecineaga wind farm is set to launch soon. The company is also developing 400MW of new renewable projects, including 260MW of solar, 140MW of wind, and a 60MW/240MWh battery storage system. The 260MW solar portfolio includes the 220MW Vișina project in Dâmbovița County, which features storage capabilities and is one of the largest solar developments in Romania.

Eurowind CEO Jens Rasmussen supports a “wind-solar hybrid plus storage” model focused on creating a “baseload-like” renewable energy supply. The Rasmussen family has strong links to wind power: his father helped install Denmark’s first wind turbines in the 1970s. Rasmussen notes that the company, a leading European hybrid plant developer, integrates wind, solar and storage at the same grid connection point. Tests show that combining 100MW of wind and 50MW of solar at a 100MW grid node causes negligible energy loss due to their complementary nature. Adding 4-hour battery storage, which could be upgraded to 8 hours in the future, would deliver a near-baseload supply. He also says that achieving full renewable coverage of electricity demand would significantly reduce European power prices.

Romania’s market faces challenges, most notably grid connection delays, which are a common issue across many European countries and could lead to financial losses if projects are completed but cannot connect to the grid. However, Rasmussen highlights Romania’s Contract for Difference (CfD) subsidy scheme as a key advantage, describing it as ‘one of Europe’s best subsidy schemes’ as it benefits both developers and consumers. Eurowind recently won Romania’s second CfD auction with its 110MW solar project, securing a strike price of €46 per MWh.