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Large green energy projects are endangered by the poor quality of funding applications

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Lack of predictability and inability to plan for companies that want to invest in renewable energy production units are factors that discourage large-scale projects, said Andreea Carp, Director EU Funds Sph3ra Management Solutions, at the conference “2024: A defining year for the renewable energy sector in Romania”.

“The solution provider market is just now learning what it means to draw up a tender and to comply with the compliance or eligibility conditions of the tender for EU-funded projects. We are restarting procurement several times because we don’t have compliant tenders,” she said.

DOWNLOAD THE PRESENTATION OF ANDREEA CARP

The year 2024 will be “interesting” in terms of funding because “the market demands it”, but the administrative burden of accessing European funds, including those from the NRRP, is much greater than for other funding programmes.

According to Carp, the energy ministry should take steps to ensure that European funds can reach the beneficiary more quickly.

The conference “2024: A defining year for the renewable energy sector in Romania” was organized by Energynomics with the support of our partners: ADC, Alive Capital, CRC Energy, Elektra Renewable Support, EnergoPower, Ensys, Extro, Horváth, ING Bank, LONGi Solar, Monsson Operation, Nofar Energy, OX2 România, Photomate, PNE Romania, Polytrade Global, REI Grup, Renomia, Sph3ra Management Solutions, Transelectrica, WALDEVAR Energy, Wiren Romania. On this occasion, Energynomics launched its first report under the initiative “Monitor of the Romanian Photovoltaic Projects”.

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