"And around 2 GW of this will come from solar plants." Balan said the funds to implement the tender scheme will come from the National Recovery and Resilience Plan (NRRP) and the European Union Modernisation Fund.
The authorities also plan to implement a contract for difference (CfD) scheme from 2023, with another 3.5 GW of renewables capacity to be contracted by 2025. Balan said that there are currently between 20 GW and 30 GW of large-scale renewable energy projects in various stages of development.
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