Romania is set for progressive growth in wind developments, says Ernst & Young report

Newsroom 02/09/2011 | 16:57

E&Y analysts consider that the Romanian wind sector is poised for growth after the recent approval of the Green Certificate program by the European Commission, which is likely to stimulate significant investment in onshore wind development. The EU approved scheme awards a bonus for renewable energy produced from “high efficiency” plants.

Romania has been ranked 16 in August for all renewables index, having gained 5 positions from the previous report issued by Ernst&Young. The index gauges data from 35 countries.

The wind installations level in Romania is expected to increase to 1 GW by the end of 2011, up from 469MW at the end of 2010, according to the Romanian Economy Minister. Romania is ranked 16 in the wind index, gaining 2 positions. Another point was gained in the solar index, seeing Romania reach the 23rd position.

The Ernst & Young country attractiveness indices (CAI) provide scores for national renewable energy markets, renewable energy infrastructures and their suitability for individual technologies. The indices provide scores out of 100 and are updated on a quarterly basis.

Ovidiu Posirca