The development of the national energy system can only be achieved through cooperation and with investments from the state, and many Turkish companies have invested and plan to continue investing in Romania, said George Niculescu, President of the Romanian Energy Regulatory Authority.

“We need real investments, MWs connected to the grid, not just projects on paper. That’s why we introduced two new requirements in the legislation: a 5% warranty and a new competition-based rule,” he explained at the “Regional Approach Istanbul: Co-operation for profitable energy” conference organized by Energynomics and Enexus Renewable Energy.

Thus, the system operator Transelectrica will evaluate every available energy production capacity in the grid, which will be awarded through auction to the company willing to invest.

“We are doing this to ensure we have viable projects,” Niculescu added, stating that in June, in Romania, green energy projects with a total capacity of 35,000 MW were submitted for approval, but only 7,700 MW had received construction permits.

The conference “Regional Approach Istanbul” was organized by Energynomics and  Enexus Renewable Energy, with the support of our partners: Dentons, Electrica,  Elektra Renewable Support, Enexus Renewable Energy, Huawei, iNovat Energy Storage Solutions,  Photomate, Pomega Energy Storage Technologies, RomCapital Invest, Solar Today, Solpeg, STA Solar, Volt.