Recently, Danish renewable energy company Eurowind announced a significant expansion of its investments in Romania, building on 14 years of presence in the market. The company plans to achieve 1,000 MW (1 GW) of installed renewable energy capacity in Romania by 2030, covering wind, solar, and energy storage. Approximately 30% of the group’s annual investment budget of around €1 billion will be allocated to the country.
In terms of current project deployment, Eurowind already operates approximately 124 MW of wind and solar projects in Romania, including the 48 MW Pecineaga wind farm, which is soon to be commissioned. Meanwhile, the company is advancing the development of renewable energy projects with a total capacity of 400 MW. These include 260 MW of solar projects, 140 MW of wind projects, and a 60 MW/240 MWh battery energy storage project. Notably, the 260 MW solar portfolio includes the 220 MW Vișina project in Dâmbovița County, equipped with energy storage facilities, making it one of the largest solar projects in Romania.
From a technical philosophy perspective, Eurowind’s CEO Jens Rasmussen advocates for a “wind-solar complementarity + energy storage” model, aiming to achieve “baseload-like” renewable energy supply. The Rasmussen family has deep roots in wind power—his father participated in the installation of some of Denmark’s first wind turbines in the 1970s. Rasmussen stated that as a leading developer of hybrid power plants in Europe, the company integrates wind, solar, and storage at a single grid connection point. Tests have shown that combining 100 MW of wind and 50 MW of solar at a 100 MW grid connection point results in negligible energy losses, demonstrating their complementary nature. If paired with 4-hour (and potentially future 8-hour) battery storage, the system can approach “baseload” energy supply. He also noted that when renewable energy fully meets electricity consumption demand, European power prices will drop significantly.
However, challenges remain in the Romanian market, with grid connection delays being a prominent issue—a common problem across many European countries. Such delays can lead to financial losses for projects that are completed but unable to connect to the grid. Nevertheless, Rasmussen emphasized that Romania’s Contracts for Difference (CfD) subsidy mechanism is a significant advantage, describing it as “one of the best support schemes in Europe,” beneficial for both developers and consumers. Recently, Eurowind’s 110 MW solar project was awarded in Romania’s second CfD auction, with a strike price of €46/MWh.
