Romania is emerging as a key player in the renewable energy sector, with major global investors, including GE Vernova, actively exploring opportunities, said Wandile Mamba, Vice President of GE Vernova Financial Services, at the conference “International Approach: Catalyzing Romania’s energy future”, organised by Energynomics in London.

“GE Vernova is actively supporting a developer in Romania with a significant renewable energy pipeline. The company is providing technical expertise, assisting with grid connection costs, and optimizing sites using internal resources”, according to Mamba.

He highlighted the company’s approach to investing in Romania, emphasizing the country’s potential in wind energy and energy storage. GE Vernova, which spun off from General Electric in 2024, operates across 100 countries and powers 25% of the world with its wind and gas turbines.

GE already holds approximately 20% of the installed wind capacity in Romania. The company sees significant opportunities in the market but acknowledges challenges in structuring investments. GE Vernova’s investment approach is not based on long-term asset ownership. Instead, the company supports developers through project construction before exiting. A major factor in making investment decisions has been the strategy for offtake agreements, securing buyers for the produced energy.

Mamba added that recent regulatory developments, such as Contracts for Difference (CfD) and Virtual Power Purchase Agreements (VPPAs), have helped mitigate investment risks, making Romania a more attractive market. Also, these mechanisms provide clearer financial structures, helping companies like GE Vernova gain approval from investment committees.

The conference “International Approach: Catalyzing Romania’s energy future” was organised by Energynomics in London with the support of our partners AJ Brand, Elektra Renewable Support, Adrem Asset Management, Enexus, Nofar Energy, Parapet, Wiren.