|  2014-09-22

Romania moves down one position in EY’s Renewable energy country attractiveness index

Microfinancing and coordinated support are elements critical for increasing the volumes of investments in green energy

Romania falls to the 32nd position in EY’s report on the attractiveness of investment destinations in terms of renewable energy projects, after being ranked the 31st in the report related to the previous quarter. Thus, Romania weakens its position in the chart after it moved up one position in each of the first two editions of this year’s chart.

“This decrease occurs as a result of the effort of the Romanian authorities to reconcile the positions of power consumers affected by costs arising from the support scheme, investors who commissioned assets of more than 6 billion euro and electric grid operators who have to face penetration of uncontrollable production capacity which shifted the center of gravity of production within the country and increased electricity losses”, explained Valeriu Binig, Energy Industry Leader, EY Romania.

For more information, please see the Romanian version of the article, here.


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