A Romanian plan to use funds from the Recovery and Resilience Facility (RRF) totaling €149 million to subsidize the nation’s renewable hydrogen generation has been given the go light by the European Commission under EU State assistance laws.
The move is meant to aid in the expansion of renewable hydrogen, which is in keeping with the goals of the EU Hydrogen Strategy and the EU Green Deal. The initiative will help achieve the goals of the REPowerEU Plan to hasten the green transition and lessen reliance on Russian fossil resources.
After the Recovery and Resilience Fund (RRF) was approved by the Council and the Commission gave the Romanian Recovery and Resilience Plan a favourable evaluation, the announced scheme by Romania will be partially supported by the RRF and will operate until 31 December 2023.
To reach renewable hydrogen production capacities of at least 100 MW in electrolysis facilities producing at least 10,000 tonnes of hydrogen per year by 31 December 2025, the initiative aims to support the development of additional installations to produce renewable hydrogen.
Companies of any size engaged in hydrogen or electricity production, territorial or national administrative units, or national energy research and development institutes, as well as any alliances or partnerships formed by such players, are eligible to participate in the scheme. To help those in need, the program will provide cash handouts. There will be a cap of €50 million on total help given across all projects.