The Modernization Fund is a financing program designed to support the modernization and development of enterprises/autonomous administrations. The main objective of the Modernization Fund is to allocate financial resources to stimulate progress and development in the energy sector.
This fund aims to contribute to the achievement of Romania's commitments under the Integrated National Plan for Energy and Climate Change (PNIESC), as well as the objectives set by the European Green Deal and the European Union's commitments to implement the Paris Agreement and the sustainable development goals of the United Nations (UN). Therefore, financial support is provided for investments in the production of electricity from renewable energy sources such as wind energy, solar energy, hydropower, geothermal energy, biomass, or biogas.
The Modernization Fund provides non-reimbursable funding for various types of projects, including:
- Establishing new capacities for electricity production from wind sources.
- Establishing new capacities for electricity production from solar sources.
- Establishing new capacities for electricity production from hydropower sources.
- Establishing new capacities for electricity production from geothermal energy.
- Establishing new capacities for electricity production from geothermal energy.
- Establishing new capacities for electricity production from biogas.
The purpose of this initiative consists of supporting investments aimed at the production and/or storage of electricity derived from renewable sources, such as solar and wind energy.
The objectives of this scheme are applicable to projects that aim to:
- the establishment of new capacities for the production of electricity from solar sources (including both below 1 MW and above 1 MW), with or without integrated storage capacities;
- the development of new capacities for the production of electricity from wind sources (including both below 1 MW and above 1 MW), with or without integrated storage capacities
This program is planned to be implemented annually until 2028.
The purpose of this initiative involves supporting investments in energy projects, with a focus on improving energy efficiency, modernizing energy systems, and facilitating the transition.
The overall objective of the program is to support the modernization and efficiency improvement of energy systems, enhance energy efficiency, and transition towards climate neutrality. The Modernization Fund also aims to transition to a low-carbon energy system by encouraging investments in renewable energy sources.
SEEI Technology - a single provider for your project implementation
Collaborating with a single provider for project implementation can bring multiple advantages, simplify the process, and ensure a more efficient and convenient experience for your business.
Simplified coordination
You will have a single point of contact for all aspects of the project. This facilitates communication and coordination between the different stages and services involved in implementing the chosen program.
Specialized expertise
We have experience and knowledge in the field. We can provide specialized consultancy and technical assistance to help you make the right decisions regarding equipment procurement, infrastructure selection, and maximizing tax benefits.
Time and resource savings
Collaborating with a single provider means you won't have to search for and negotiate with multiple different suppliers and contractors. This saves valuable time and resources, allowing you to focus more on core activities.
Better integration of solutions
We ensure better integration of the various solutions required for implementing the chosen program.
Post-implementation services
Maintenance and ongoing technical support for the implemented project. We assure you that your business will operate optimally, and you will have a trusted long-term partner.
Feasibility Studies - SEEI is your trusted partner for choosing the right solution
For any company, finding the optimal energy solution to suit their needs is a challenge. A feasibility study can help analyze the various technically and economically feasible options available to the company.
Our experience in energy efficiency allows us to offer you the best solutions tailored to your needs, providing personalized consultancy and solutions regardless of your company's size.
In this feasibility study, we will consider factors such as profitability, energy efficiency, and environmental impact. By doing so, we can ensure that your business can save costs while being more sustainable in its operations.
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