Renewables

Poor predictability makes RES unattractive to investors

Published

May 6, 2015

Country

Comments

comments icon

0

Share

Published:

May 6, 2015

Country:

Comments:

comments icon

0

Share

The Romanian renewable energy sources (RES) sector is unattractive to investors, said representatives of the Renewable Energy Producers Organization in Romania (Patres) on the occasion of their annual meeting, when they also debated legislative news, Business-review.eu reported.

George Niculescu, the executive director, believes that the biggest concern are the frequent legislative changes that occur suddenly without any consultation with the producers in this field, the magazine’s portal quoted.

According to the investors, the legislative changes will result in the insolvency of about a third of the producers of energy from renewable sources.

Producers have complained that the legislation has led to a considerable decrease of investment, according to Agerpres. Patres members said that in the period 2011–2012 investments in the sector were about EUR 8 billion. However, they argue that inconsistent government amendments to Law 220/2008 led to a considerable decrease of investment.

Romanian electricity output rose 4.5% on the year to 17 TWh in the first quarter, fuelled by higher production in the renewable energy sector, Ziarul Financiar newspaper’s English portal reported.

Related Articles

Regional Power Sector Exchange Western Balkans disitribution system operator dso grids ohrid giz

Third Regional Power Sector Exchange in Ohrid: Power grids at core of energy transition

30 May 2025 - The third Regional Power Sector Exchange of the Western Balkans gathered over 80 energy professionals from the Western Balkans

Maja Maćić, Balkans Platform Head at Alcazar Energy

Maja Maćić: Alcazar Energy expands presence in Western Balkans

30 May 2025 - Maja Maćić, executive manager of Alcazar Energy, said at Belgrade Energy Forum that construction activities for some projects would start as early as this year

two solar power plants egesa enerji vojvodina

Turkish Egesa Enerji to build two solar power plants in Serbia’s Vojvodina province

30 May 2025 - Turkish company Egesa Enerji has launched a project to build two solar power plants in Vojvodina, with a total nominal capacity of 8.6 MW

Green for Growth Fund partnership Swedish International Development Cooperation Agency Sida

Green for Growth Fund launches partnership with Swedish International Development Cooperation Agency

30 May 2025 - GGF and the Swedish International Development Cooperation Agency are expanding green lending in the Western Balkans and the EU's Eastern Neighborhood