September 20, 2018

Romania still on 10th position on wind investments

According to professionals services firm Ernst & Young (E&Y), whose quarterly index kept Romania on the 13th spot, ahead of Poland or Spain, Romania stayed among the most attractive destinations worldwide for renewable investments. Romania maintained its 10th position on wind investments, which has been the main driving force for the local renewable sector. More than 1,900MW of incentivized wind assets were operational by January, according to grid operator Transelectrica. E&Y says solar will experience strong growth this year, although authorities aim to cut subsidies in solar – the biggest beneficiary and in small-hydro. “While the Government may reduce the level of solar subsidies during a review this year, they are likely to remain attractive,” said the firm. The Romanian energy regulator Transelectrica estimates that Romania estimates that between 500 to 1,000MW worth of solar assets may be installed by year end. Photo-voltaic parks of 70MW were online by January. Romania maintained its 24th position in the solar index.

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