After a ten-year hiatus, the EBRD has this year resumed its involvement in financing investments in the renewable energy sector in Romania and is considering involvement in two transactions in the energy storage sector, said Mihaela Mihailescu, Deputy Director at EBRD Romania.
“We’re looking at two transactions in Romania that are quite advanced in the internal review process. They are projects that accompany renewable projects. We see the need for financing such investments and it will definitely happen,” she said.
By 2025, the EBRD aims to have at least half of its investments green and aligned with the Paris Agreement targets, and in Romania it has achieved this goal amid increased activity in general, not just in the green energy sector. According to Mihăilescu, since 2021, the pace of investments in the country has increased, and on the green component the share has been 60-80% each year. The EBRD’s contribution to the financing of projects in Romania will amount to 150-200 million euros, and the investment value of these projects will exceed one billion euros.
“We are seeing a growing interest in green energy in the context of these climate ambitions of Romania and the EU. With these investments comes the need for investments in energy transmission networks, including cross-border, energy storage and the general electrification of the economy, especially chargers for electric cars,” she added.
