RESinvest Conference is now around the corner with only a few days left, and it comes at a historic time —the EU Commission is about to vote on its REPower EU plan, meant to ensure Europe’s energy independence, and thus accelerate solar and wind power development.
Recent events in Ukraine have made it clear that we must increase our energy security and reduce our dependence on imported fossil fuels. European countries have embarked on the road to a more sustainable 2030 and we are already seeing investments at a massive scale with dozens of megawatts underway. Romania for instance will more than double its installed capacity in the coming decade and its European peers are following similarly ambitious goals. “Investments are the key to Romania’s energy independence and energy security,” declared Romania’s energy minister Virgil-Daniel Popescu.
The success of this plan goes beyond the installation of new production capacities — it will involve the development of a complex supply chain which includes everything from component manufacturing for wind and solar parks, to digital services and reskilling. The challenge is making these products and services easily accessible to the European market. “Rebuilding a strong, resilient EU value chain is critical in meeting our ambition of 1 terawatt of solar energy in the EU by 2030. Today, solar is the most economic and easy to deploy clean energy technology. Southeast Europe has immense solar potential that must be unlocked”, said SolarPower Europe CEO Walburga Hemetsberger. Giles Dickson, CEO of WindEurope also noted that “Southeast Europe has huge potential for the expansion of renewables, and particularly for the development of a strong wind and solar energy supply chain.”
Romania already produces generators and electrical control systems for turbines, bearings and forgings, and is home to the largest centre of renewable energy technicians in Southeastern Europe — a success that can be replicated in other areas of the industry. This means economic growth and it means job creation. “If we are to absorb the EUR 20 billion already offered by the EU for Romania’s energy sector, it will translate into 90,000 jobs. This is huge,” explained Carlo Pignoloni, President of RWEA and CEO of Enel Romania, who also spoke with Business Review in an exclusive interview.
Today Europe’s climate and energy security objectives are converging. “We must not replace a dependency on fossil gas imports with another dependency on renewable technology imports from unstable supply chains. It is high time for Romania to capture as much value as possible from what the technology has to offer, both socially and economically, and develop its domestic manufacturing capacities,” added Mihai Balan, RPIA’s executive director.
RESinvest Conference will discuss concrete methods of stimulating the development of production capacities in Southeast Europe. The event will bring together energy ministries from Romania, Greece, and Bulgaria; representatives from the European Commission; and major European investors, developers, OEMs and supply chain companies.
RESinvest is Southeast Europe’s largest renewable energy conference held in Bucharest on May 17th, 2022. It will also be streamed online to a global audience. RESinvest Conference is organized by the Romanian Wind Energy Association (RWEA) and Photovoltaic Industry Association (RPIA), in collaboration with WindEurope, and SolarPower Europe. Business Review is the exclusive English-language media partner of the event.
REGISTER HERE: https://resinvest.ro/