Many investors in the photovoltaic energy sector lack the necessary experience to operate in this field, and this explains why, out of a total of 45 GW of existing projects, only 10% are ready for construction, said Octavian Roșca, Managing Partner at VOLT.

“What we’ve seen in the past is that many investors do not have the required experience to develop these projects, and I believe this is why so many projects are not yet built. In Romania, there are over 46 GW of projects, but 82% of them are in early stages. 10% are ready to build, and 8% are either already built (4%) or under construction. What Romania needs are experienced energy professionals who can implement projects,” he explained at the “Regional Approach Istanbul: Co-operation for profitable energy” conference organized by Energynomics and Enexus Renewable Energy.

Many of the investors in this field come from other business sectors and were told that this is a new business with high returns, but they did not analyze the financial aspects thoroughly, and now they have stopped.

“There are three types of investors in Romania: large companies that know how to manage a project, investors looking to diversify their portfolios, and, finally, investors who develop projects and sell them once they reach the ready to build stage.”

Volt has achieved a major milestone by installing the largest rooftop photovoltaic system in Romania, with a capacity of 12 MW. Additionally, in its eight years of operation, the company has installed over 300 MW in photovoltaic projects across Romania.

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.