The likelihood that the new European Parliament will change the direction of green policy and delay the energy transition is extremely low, and all countries have announced increased investment in green energy and billions of euros to modernize distribution networks, said Liviu Gavrilă, Vice President of RWEA.

“The history of the last ten years has shown that wind and photovoltaics are helping to drive down the price of energy,” he said at the Energy Strategy Summit 2024, organized by Energynomics.

Romania needs to build hundreds of gigawatts (GW) of green energy generation capacity by 2030. Competitiveness will be determined by the degree of greening of the economy, as the market dictates the real priorities.

According to Gavrilă, renewable energy firms in Romania are burdened by higher financing costs and grid balancing costs.

This is why companies are waiting for Contracts for Difference (CfDs) to enter into force in order to have predictability and to be able to calibrate their investment plans.

Energy Strategy Summit 2024 was organized by Energynomics, with support from our partners: ABB, ADC, Alive Capital, BayWa r.e, BCR, Best Tools Company, CRC Energy, Distribuție Energie Electrica Romania, DRI, Eaton Electric, Electrica Furnizare, Elektra Renewable Support, EnergoBit, Energo Power, Enevo Group, Evryo, Exim Banca Românească, Hidroelectrica, Horvath, Huawei, Jinko Solar, Keno Energy, MET România Energy, Nofar Energy, Nuclearelectrica, OX2, Photomate, PNE, Polytrade, Renomia Gallagher, Romgaz, Schneider Electric, SolaX Power, TDP Partners, ThinkBlu Solution, Transelectrica, Vertis, WALDEVAR Energy. With the support of Alexandrion Group, Mobexpert.

Strategic partners: ACUE, AFEER, AIIR, AHK România, ARPEE, CNR-CME, CRE, EFdeN, EPG, HENRO, FPPG, PATRES, ROMATOM, RPIA, RWEA, SAMER.

Media partners: CISOLAR, The Voice of Renewables