New renewable energy law may see tariffs increase by 4.76 percent

Newsroom 04/10/2011 | 16:06

The ordinance regarding the renewable law will be discussed by the Ministry of Economy , and at the level of the current political coalition, sated Ionel David, Public Affairs Consultant of the Romanian Wind Energy Association. This statement was made during the second edition “Focus on Power”, an event organized by Business Review.

David went on saying that prices are expected to increase by 4.76 percent, if the new law will be adopted. In addition, the representative of the Romanian Wind Energy Association explained that ANRE, the Romanian energy regulator, should not be blamed for the uncertainty regarding the new law.
According to David, the renewable industry is advantageous for the Romanian state. Every 1000 megawatts of installed wind power adds 50 million to the state budget, through direct and indirect means. CEZ will invest EUR 1 billion in wind farm projects at Fantanele and Cogealeac. Meanwhile, the Ford investment in Romania totaled EUR 700 million, while Nokia invested EUR 200 million, recently deciding to close its operations in Romania.

The industry of wind energy will bring the greatest investments in Romania, as the potential is great. According to the Romanian Statistic Bureau (INS), 1.2 percent of the energy production in Romania, in the first seven months, came for wind.

Ovidiu Posirca

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