Wave of BESS projects in Romania driven by high yield expectations

Only the latest two large deals announced for BESS plans in Romania sum up to 3.5 GWh – the equivalent of 1.75 GW given the average power-to-capacity ratio of the projects – which is more than double the current 1.5 GWh in operation at this moment. The driver remains the expected strong revenues – estimated by Nuvve and Omnia Global, which announced a joint 60 MW/120 MWh project, at USD 500,000 per MW per year in Romania – a yield that the investors admit is high by global standards, due to the high reliance of intermittent renewable energy sources.

The American company Nuvve Holding, specialised in renewable energy technologies, and the Swiss investment company Omnia Global will build a 60 MW independent battery energy storage system - BESS in Romania, as part of a partnership initiated to develop a portfolio of BESS projects of over 1 GW in Europe, Profit.ro reported.