Romania expects an increase in FDI flow and the finalised hydrogen strategy next year

As stated by the Ministry of Energy, phasing out coal and switching to gas and renewables remains an urgent priority for the country. According to Zoltan Nagy -Bege, Vice-President of the National Energy Regulatory Authority (ANRE), there is a clear interest in new investments in the production of electricity from renewable resources. There are already dozens of projects in different authorisation phases that have all the chances to start the construction phase or may even be put into operation in 2022.

Earlier this year Zoltan Nagy-Bege announced that the regulator had already had some talks with the first investors who are interested in setting up hydrogen production facilities in Romania.

“There are signs that investors in renewable energy projects are considering hydrogen for storage and balancing. These initiatives are gratifying and encouraging, even if they are not very large, they are only in the category of pilot projects or R&D. But we have already seen potential investors who are in the process of applying for technical approval for connection to wind energy production projects, for example, which also include a hydrogen production and storage facility. I express the hope that they will materialize and will constitute the basis of a new industry,” said ANRE Vice President.

Over the next few years, it is anticipated that the Romanian government will promote and foster the decarbonisation of the economy, industry, and business by supporting the introduction of new technologies, such as hydrogen and fuel cells, to reduce emissions and protect the environment. At the moment, Romania has not yet developed specific legislation, and this will be instrumental for further deployment of hydrogen.

Sources:

https://www.energynomics.ro/en/nagy-bege-i-expect-romania-to-have-new-investments-in-renewables-in-2022/
https://www.energynomics.ro/en/ministry-of-energy-will-finalize-the-hydrogen-strategy-next-year/
https://www.energynomics.ro/en/anre-has-already-received-applications-to-approve-projects-on-hydrogen-production-and-storage/