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Business Intelligence TPA Romania Report| The current stage of wind energy and other renewable energy sources in Romania and the market conditions for further investments in the field

TPA Romania Report| The current stage of wind energy and other renewable energy sources in Romania and the market conditions for further investments in the field

by TPA Romania October 5, 2021

Climate change will be one of the two or three subjects that will dominate economic debate in the coming decades, revealing new practices about how we produce and consume energy. To point out Romania’s potential in terms of alternative energy use and how the legal, tax and market conditions are affecting local renewable investments, TPA Romania launched the latest edition of the “Wind Energy and other renewable energy sources in Romania 2021” report.

After years of discussion, it seems that the age of fossil fuels is coming to an end. And the options to replace them are limited: we can either invest in nuclear, which causes pollution in the form of radiation or we can replace a large portion of today’s fossil fuel-based energy production with renewables.

Romania has a huge potential in terms of alternative energy use. Except for hydro, for many decades this potential was overlooked until the quite extraordinary boom in renewable investments that took place in the period 2008-2012 when most of what is in existence today were built.

The main industry players in Romania today are discussing the second, larger wave of renewable because of the European Union’s strategy of decarbonizing the continent by 2050.

In addition to the older plans for onshore investments, there is now increased interest in offshore developments, with Romania having a high wind power potential in the Black Sea.

For more details, you can download the report from HERE.

With terms and conditions frequently changing, we will keep the information updated with the latest developments on www.tpa-group.ro. If you have any specific questions, please contact us at office@tpa-group.ro.

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