The objectives imposed by the European Re-Power program are very ambitious, and in order to be achieved, investments in new renewable energy production units will have to be made gradually, but sustained, said Sebastian Staicu, Project Finance Manager in BCR, during the conference “New wave of renewables”, organized by Energynomics.
“We must make these investments in an intelligent, gradual, but sustained way, in order to integrate them as well as possible into the market, not as happened in the first wave, when everyone rushed to build in two years”, Staicu said.
The new wave of renewables will produce significant changes in the energy sector, such as the decentralization of energy production and a new, intelligent way of optimizing the national energy system. According to Staicu, it is necessary that these changes take place in a way that is fair to the market and consumers.
One of the solutions for this development of the renewable energy sector to occur in a harmonious way is represented by Power Purchase Agreements (PPA) or directly negotiated bilateral contracts.
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According to Staicu, such agreements give the signatories the opportunity to protect themselves from price fluctuations and thus keep their costs under control.
“A new credit market is being formed, that of green credits, which is closely linked to renewable energy. These renewable energies are considered a green investment and activity, and banks are developing products targeting exactly this area. The PPA market has not gained momentum yet (…) and the lack of PPA type contracts in the market reflects a weakness of renewable energy, which must be compensated by these multi-technology models. We at BCR want to encourage the sustainable development of Romania’s economy”, Staicu said.
The conference “New wave of renewables“ was organized by Energynomics with the support of our partners: ABB, BCR, Eaton Electric, EnergoBit, EnergoPower, Enevo Group, Phoenix Contact, Photomate, REI Group, Simtel, Volt, Wiren.