Romania ranks second in the region, after Poland, in terms of green energy production potential, but it must accelerate the transition with the help of financing mechanisms, said Alexandru Reff, country managing partner of Deloitte Romania and Moldova.

“The background on which this transition is taking place is an ambitious and attractive one for us, Romania occupying the second place in terms of potential in the region, after Poland. Already in 2022, the national energy production came in proportion to 43% from renewable sources, of which 16% wind and solar. However, if we compare these figures to the targets for 2030 established by the integrated National Plan in the field of energy and climate change, namely 55.8% renewable energy, of which 35% wind and solar, it is clear that we need to speed up the transition, mainly with the help of financing mechanisms within the PNRR and the Modernization Fund, i.e. a total of more than 1.5 billion euro non-reimbursable, to which, of course, bank and capital financing are added,” said Reff, quoted by Agerpres.

According to the Deloitte consultant, increasing the share of green energy is a priority both for countries that have established generous financial support schemes and for companies.

“Energy from renewable sources can play a central role both in decarbonization efforts and could contribute decisively to ensuring the energy security of Romania and Europe. It is therefore easy to understand why increasing the share of green energy is a priority both for states that have established generous financial support schemes, as well as for companies that see in the reorientation towards such energy sources both a way to achieve sustainability targets and a form of managing high and unpredictable costs, management of which can the very viability of the respective businesses depends on it. In fact, from the study carried out this year by Deloitte, regarding the circular economy in Romania, it appears that obtaining energy from renewable sources leads the top of the directions in which companies invest in the sustainable transformation of businesses,” also said Reff.