Renewables

Romania to adopt law on offshore wind this year – minister Popescu

Romania to adopt law on offshore wind this year

Photo: Andrew Martin from Pixabay

Published

September 9, 2021

Country

Comments

0

Share

Published:

September 9, 2021

Country:

Comments:

0

Share

Romania’s Energy Minister Virgil Popescu said the Government would finish the offshore wind law this year as soon as possible.

He added that the Black Sea is a huge energy source, both in terms of natural gas production and the installation of wind farms. Popescu said he saw one version of the future law and expressed confidence it would be adopted this year.

Maybe it is not perfect, but Romania will get a law that will allow the potential of wind for electricity generation to be evaluated, the minister said, as quoted by the domestic media.

The law will include new subsidy schemes

Romania’s National Agency for Mineral Resources has suggested leasing locations for electricity production in the Black Sea, but Popescu is against the proposal.

He said that the law would include new subsidy schemes, such as contracts for difference and incentives from the Modernization Fund.

Without a law, investors can not conduct measurements of wind potential

According to the minister, without a law, investors can not conduct measurements of wind potential.

Popescu noted state-owned hydropower company Hidroelectrica is ready to start an investment in the Black Sea and added that he is convinced that it would find partners for the first offshore wind farm of at least 300 MW.

In May last year, Romania’s biggest power producer Hidroelectrica announced a plan to install an offshore wind park in the Black Sea, with a capacity of 500 MW.

The investment requires upgrading the transmission system and improvements of the 400 kV power ring, but solutions are prepared with grid operator Transelectrica, Popescu said.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Turkish company Zorlu Energy IPO renewables subsidiary

Turkish company Zorlu Energy initiates IPO of its renewables subsidiary

23 February 2024 - Zorlu Renewables, the largest geothermal power plant operator in Turkey, is preparing for a stock market debut

EIB-Global-loan-EPBiH-for-Vlasic-wind-power-plant

EIB Global approves loan to EPBiH for Vlašić wind power plant

22 February 2024 - EIB Global formally approved a EUR 36 million loan for the Vlašić wind power project near Travnik in Bosnia and Herzegovina

bulgaria solar eso grid

Bulgaria to add 1,500 MW of solar power capacity in 2024

22 February 2024 - Dimitar Zarchev said there is a need for flexibility capacity for times of surplus production of energy, to use it when it is needed

Djedovic Dedovic Serbia billions under our feet strategic minerals

Serbia’s Đedović: We have billions under our feet in strategic minerals

22 February 2024 - Strategic minerals must be used in the best interest of the economy, according to Serbia's Minister of Mining and Energy Dubravka Đedović