Romania has an abundance of renewable energy projects, and although many of them may never come to fruition, this oversupply is set to create fierce competition in the market, stated Volkan Aktürk, Strategy & Business Development Director at Entek Elektrik.

“There are many projects in Romania, which is why we went there. However, there are too many projects, and caution is advised. While there are opportunities and available funding, the sheer number of projects, many of which may not materialize, will create a fierce competition,” he said at the “Regional Approach Istanbul: Co-operation for profitable energy” conference organized by Energynomics and Enexus Renewable Energy.

Despite these challenges, Entek Elektrik believes in Romania’s growth potential and plans to construct a photovoltaic park in the country soon.

In Turkey, the company already operates green energy production units with a capacity of 500 MW and has projects in the pipeline for an additional 750 MW.

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.