The European Bank for Reconstruction and Development (EBRD) will sign 1 GW of solar and wind energy deals in Romania by the end of the summer. The institution is also making up to 200 million euro of its own funds available to the private sector to support projects worth more than 1.5 billion euro, said Mihaela Mihailescu, deputy director of the organization.

“There is growing demand in the market based on Romania’s commitments to combat climate change. We financed the energy sector heavily, but stopped ten years ago due to lack of demand. Now, this is the first year we have restarted financing energy investments,” she said at the Energy Strategy Summit 2024, organized by Energynomics.

In fact, 80% of EBRD-financed deals are with the private sector. The bank is maintaining its focus on investments in power generation, but will also look for opportunities in energy transmission networks, including cross-border ones, as well as in energy distribution.

“Investments in storage and electrification in Romania are very important. We are analyzing two quite advanced transactions in the energy storage area. We are still trying to understand how to structure such investments correctly,” she added.

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.