Poor predictability makes RES unattractive to investors

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.