BCR anticipates an increase in demand for financing for PPA renewable energy projects from corporations seeking to limit their polluting emissions. Market-wide, demand is “very high”.

“We expect there to be demand for corporate PPAs in the coming period from corporates, just as we want to decarbonise our operations and are investigating this area,” said Corina Ghimbovschi, Head of Project Finance & Financial Analysis at BCR, during the “More renewables for Romania” conference, organized by Energynomics.

BCR has massive funding on the table from the NECP of at least 7 billion euros aimed at installing at least 7 GW of green energy by 2030. Added to these projects is the 3 GW of offshore wind in the Black Sea, which adds another 10 billion euros to the investment needs.

According to Ghimbovschi, in order to be bankable, green energy projects must benefit from a stable regulatory framework and predictability of revenues, both for contracts for difference and PPAs.

“In the PPA area we can provide a 15-year funding period, which can be up to three years longer than the contract itself. We have looked at very large pipelines and believe that CfD would bring a substantial advantage because the PPA is at an early stage. We’ve learned a lot from the first wave of renewables and have a lot to build on going forward,” Ghimbovschi said.

“More renewables for Romania” conference was organized by Energynomics, with the support of our partners among which Alive Capital, Astrasun, BCR, Elektra Renewable Support, EnergoBit, Eximprod, Ensys Renewable Solution, ING Bank, LAPP Romania, Metacon, Noark, Photomate, REI Grup, TAW Energy, Volt, Wiren