Renewables

Poor predictability makes RES unattractive to investors

Published

May 6, 2015

Country

Comments

0

Share

Published:

May 6, 2015

Country:

Comments:

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

Renera-kicks-off-50-MW-floating-solar-power-project-Romania

Renera kicks off 50 MW floating solar power project in Romania

24 April 2024 - Renera Energy is developing a 50 MW floating photovoltaic project in Romania. It would now probably be the biggest in Europe.

Renewables-Greece-get-shortcut-grid-connection-PPAs

Renewables in Greece get shortcut to grid connection with PPAs

23 April 2024 - Renewables projects in Greece with PPAs with energy-intensive industrial consumers get priority in the transmission grid connection queue

Brite Solar agrisolar panel plant Greece 2024

Brite Solar to complete agrisolar panel plant in Greece by end-2024

23 April 2024 - Greek startup Brite Solar is building a production line in Patras for transparent solar panels for agrivoltaic production

green wolt scotland floating wind farm

Green Volt, world’s largest floating wind project, obtains planning approval

23 April 2024 - The project has now received all its planning approvals and remains on track to be the first commercial-scale offshore wind farm in Europe