Romania has potential on the wind energy side, but it does not have any tender mechanism for new wind farms, says Giles Dickson, Chief Executive Officer, Wind Europe. Almost every country in Europe organizes tenders to support the development of new wind farms, he said, according to zf.ro.

He added that last year, about 12% of the total electricity consumed in the country was generated by wind farms.

“We have no more subsidies. Instead, we have revenue stabilization mechanisms and the best form of income stabilization mechanism is the contract for difference… it is quite cheap for governments because governments sometimes pay when market prices for electricity are low. But also this money is reimbursed by wind farms when the market price of electricity is higher than the winning bid price. It’s cheap for governments. It is also very cheap for consumers, as those who build a wind farm can withdraw money from banks to support investments. That means financing costs are relatively low,” he said.

“There is great potential in the Black Sea and it is very good that there is a draft legislation now that is part of the recovery and resilience plans of the Romanian parliament. And we encourage you to consider this. European money can also be used to fund feasibility and pre-feasibility studies to be carried out for offshore wind farms.”