The second Contract for Difference (CfD) auction round for renewable energy falls under Order no. 427/2025 of the Ministry of Energy. Projects are selected through a tender process based on the price offered by eligible participants in euros per MWh. The price cap for photovoltaics is set at 73 euros per MWh, equivalent to 7.3 cents per kWh.
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Conditions and participation criteria
Contract terms may be up to 15 years. The commissioning period is limited to a maximum of 36 months after contract signing. The participation guarantee is EUR 20,000 per MW, and the performance guarantee is EUR 75,000 per MW. The marginal offer may exceed the total subsidised power by up to 120%.
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Regulatory updates and clarifications
Compared to previous auctions, the 25% bid cap has been removed. The auction initiators expect broader participation as a result. If a grid connection permit already exists, it must be attached to the application; otherwise, the project will be disqualified. If the permit is not yet available at the time of application, it must be submitted within six months of contract signing. Work on a project must not have started before 20 July 2022. “Start of construction” refers to the signing of the EPC contract and binding orders for equipment or physical construction work. All applications must include the following information: price per megawatt-hour in euros, the plant capacity in MWac, the planned commissioning date and the final acceptance date.
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Key dates for the second CfD auction
Romania officially launched its second CfD auction on 12 May 2025, setting a structured timeline for the allocation of nearly 1.5 GW of photovoltaic capacity. Initial submissions are required by 30 May, with responses expected from the authorities by 16 June. Full applications must be submitted by 11 July, after which the technical offers will be opened on 14 July. Applicants will be informed of their eligibility on 4 August and will have until 8 August to file any challenges. These challenges will be reviewed and resolved by 12 August, clearing the way for financial offers to be opened on 13 August.
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Next steps and contracting timeline
Successful bidders will be notified on 14 August, with ministerial approval of state aid expected by 19 August. Final bidder documentation must be submitted by 26 August. Contracts are to be signed by the successful bidders by 9 September and countersigned by the CfD counterparty by 16 September. The process concludes with the submission of bank guarantees by 7 October 2025, solidifying the commitments that will help drive Romania’s transition to renewable energy. (mg)
More information in English can be found in the official publication (pdf) from the Ministry of Energy, including access to the CfD documentation.
