PNH is a project management company, specialized in developing PV projects and facilitating investments for Asian investors with completed and ongoing projects in EU, Asia, USA and Australia. It completed a portfolio of about 50 MW in Bulgaria where it participated as project management company, construction supervisor and O&M company. The compani is in process of development of several small and medium PV projects in Romania.

How would you describe the Romanian renewable sector at the moment, from an investor perspective?

PNH started its activity on the territory of Romania about two years ago and what attracted us by that time was the predictability of the conditions and the security of the market. At that time, investors were considering the GC system as carrier of additional risk. Following the institutional rollercoaster in 2013, we had investors who decided not to participate in projects in Romania due to increased political risk. At the current moment we think small projects are attractive with the upcoming approval of FIT for them.

What do you find particular attractive in the Romanian renewable sector?

Regardless of the government decisions in 2013, we think Romania remains a stable market and this is the main feature investors are seeking in the region. We are witnessing the situation with the renewable sector in Bulgaria, where the Government is imposing devastating retroactive measures (regardless of the court decisions and EU actions).