Romania needs investments to ensure long-term sustainable prices in the energy market, explained Reiner Dietmar, managing director, Verbund Green Power, according to zf.ro.

“We expect electricity prices to fall in the next six months, but we do not see a return to the price we saw before this sharp rise. The only way to reduce the cost is to invest in green, wind and solar energy production. It’s the only way to reduce the price in the long run,” said Dietmar.

He stressed that we are going through a transition stage which involves major changes, and consumers must be supported in this transition.

“I think that this transformation needs to be accessible, subsidized by European or national funds, in order to finally reach a lower cost for electricity in terms of production. So there has to be support in this path to go green.”

Reiner Dietmar does not believe that there will be a demand issue for new renewable energy production capacity as the world tries to move away from fossil fuels.

“The demand is here, we are going through the elimination of fossil fuels, so there is a very high demand for new investments in renewable energy. Not just for the industry but for the energy system as a whole.”

Dietmar explained that the three main issues when discussing an investment in renewable energy production are land, network or customer access and authority permits. At the same time, he says he is looking closely at how society and communities accept the transformations and investments in the industry.