In order to attract investment, Romania needs an optimal and competitive electricity price in the long term, said Andrei Manea, RPIA Executive Director.
“There are new investments from outside Romania that could take place here, but one of the conditions for these investments to take place is related to the cost of electricity. The market is volatile, regulations change often. It would be a totally wrong decision on Romania’s part to slow down the development of renewables,” Manea emphasized at the Energy Strategy Summit 2024, organized by Energynomics.
RPIA estimates that 1 GW of new PV capacity will be installed by the end of the year. One of Romania’s advantages is the short construction period for a PV park, which reaches “ready to build” in less than a year.
“The public still doesn’t understand that climate change is happening because of humans and it will be a while before then. Renewable energy will give us price security and predictability. Countries outside Europe are not making the same efforts to decarbonize,” Manea added.
He also mentioned that the “emotional sensitivity” of investors is unfortunately very low when talking about investments. They look at business plans, including short term ones, and “if the numbers add up”, they invest in a country or continent.
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.
Media partners: CISOLAR, The Voice of Renewables