Romania is about to scale up the deployment of renewable projects to achieve its 30.7 % target for 2030 (about 6 GW of new wind power and solar PV capacities to be installed over the next 10 years). In this context, the government started actively working on new legislation to boost RE development.
Moreover, massive investments in new projects have been announced for the coming years and the measures (including the CfD mechanism and the PPA ban uplift) taken to foster the development of new renewable energy projects, attract a lot of interest from investors. The market welcomed this with great enthusiasm and brought Romania back on its’ track to become one of the fastest developing RE markets in Eastern Europe.
Access our update on Romania’s M&A deals, greenfield projects and support mechanisms using the link below.
Sources:
https://bsenergyweek.com/wp-content/uploads/2021/07/Romanias-RE-market-on-the-rise.pdf
