The Ministry of Energy is currently working on legislation that will allow the installation of offshore wind turbines, Agerpres reports. The aim is for Romania to be a pioneer in this sector in the Black Sea, George Niculescu, secretary of state in the Ministry of Energy, said on Tuesday at an event dedicated to business relations between Romania and Denmark.

“For the energy sector, we have over 1.5 billion euros from the National Recovery and Resilience Plan. On 31 March we launched the call for projects worth 460 million euros. Investors can submit projects until 31 May to apply for funding. We want to finance more than 950 MW of renewable energy: 450 MW in wind and 400 MW in photovoltaic panels,” Niculescu said at the conference organised by the Romanian Energy Centre Association in partnership with the Romanian Embassy in Denmark.

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This is just the beginning, he told the Danish investors. “Because in October we will launch the Modernisation Fund, which is about 1.4 billion euros per year, a very important financial resource to build new clean energy production capacity in Romania. I dare to advise you to look at these opportunities, to come to Romania and develop projects here. Romania is currently in the second phase of developing renewable energy projects,” Niculescu said.

The Ministry of Energy is currently working on legislation in the offshore wind sector, where Romania has huge potential. “We started this process at the end of last year. The draft law that has been in Parliament since 2019 is no longer feasible, so we decided to work with the World Bank, as a consultant, to have a stable and predictable legislative framework for investment in the offshore wind sector in the Black Sea. We have studies that show that the potential is great. In fact Dobrogea, known for its wind potential, has attracted most of the wind projects in the first wave. So it is natural to continue and we want to be the first country to implement offshore wind projects in the Black Sea”, added the ministerial official.