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Romania emerges as the next BESS hotspot in SEE, says Aurora as it launches Flexible Energy Forecast service for the region  

Aurora Energy Research has today released its new Romanian Flexible Energy forecast service, predicting billions in investments.  

ATHENS (AURORA ENERGY RESEARCH)Batteries are set to become a central component of Romania’s power system, with investments totalling several gigawatts of capacity, amounting to several billion euros over the next decade, according to Aurora Energy Research. The global energy market analytics provider recognises both the opportunities and the associated risks and uncertainties as it launches its new Romanian Flexible Energy service today, designed to complement its Romanian Power & Renewables market forecast. 

Aurora’s analysis points to Romania’s favorable policy landscape for energy storage solidified by the NECP target of 1.2 GW of BESS by 2030 as well as the scheduling of support schemes for storage assets. At the same time, fundamentals appear attractive for merchant deployment which can complement the initial policy driven buildout. 

Aurora’s outlook, based on fundamental modelling of BESS accessible markets, projects double digit IRR for standalone BESS projects entering the market as early as 2026, while co-located assets could prove even more promising especially post 2028 where rising saturation in the balancing markets is observed. Robust analysis further explores the impact of duration, cycling, market scenarios to further aid investors in making data-driven decisions. 

Evangelos Gazis, Head of Southeastern Europe at Aurora Energy Research, says: 

“As other European BESS markets become increasingly saturated, Romania stands out with its ambitious renewable targets and growing need for flexibility. The rapid expansion of wind and solar is driving high volatility in wholesale and balancing markets, strengthening the investment case for storage. Aurora’s comprehensive modelling and analytics will be key to navigating the complexities of revenue stacking in this nascent market.” 

Panos Kefalas, Research Lead at Aurora Energy Research, adds: 

“Romania is emerging as one of the BESS hotspots in SEE due to favourable policy but predominantly strong fundamentals. The large-scale emergence of batteries is a question of time as their role is critical in supporting the ambitious deployment of renewables in the country. Whether a standalone or co-located project, understanding market risks is vital for successful investments.” 

BESS are a new development in Romania and their operation, market participation, and financing as well as deployment are uncertain. There is currently a lack of analytics and modelling to quantify these risks and provide data-driven analysis for decision makers. Aurora is stepping in the space using its extensive experience modelling BESS around the world to close this gap and strengthen the decision making. 

Get in touch with our commercial team for further information on the Romanian Flexible Energy service. 

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MEDIA CONTACT
Zina Fragkiadaki, EMEA Press Officer
zinovia.fragkiadaki@auroraer.com 

ABOUT AURORA ENERGY RESEARCH 

Established in 2013, Aurora Energy Research is a leading global provider of power market forecasting and analytics for critical investment and financing decisions. Headquartered in Oxford, we operate out of 16 offices worldwide covering Europe, North & South America, Asia, and Australia. Our comprehensive services include market outlook packages for energy industry participants, advisory support, and innovative software solutions. We foster diversity with a team of 900 experts with backgrounds in energy, finance, and consulting, offering unparalleled expertise across power, renewables, storage, hydrogen, carbon, and fossil commodities. Our mission is to ease the global energy transition through widely trusted quantitative analysis and high-quality decision support.