Cristian Busu, state secretary at the Ministry of Energy, stated that Romania has been able to meet its target regarding the renewable output in gross electricity consumption three years earlier than it was initially planned.
“Romania has met its objective as share of total renewable energy of 24 percent for 2018. Today, Romania has already reached 27 percent,” said Busu, according to an official statement.
The government official has met on Wednesday with Li Yong, the general manager of the United Nations Industrial Development Organization (UNIDO).
Yong came to Romania to talk about the use of renewable energy, supply security and storage solutions for energy.
Busu has pointed out that the renewable energy has to be stored in a sustainable manner, because of the difficulties generated by the lack of infrastructure and bad weather during winter.
Although the country is getting a growing amount of electricity from renewable sources, the producers are currently dealing with a series of financial issues.
Initially, the country had put in place a support scheme which generated around EUR 8 billion worth of investments in the renewable sector. In the meantime, the incentives were reduced so investors are struggling to generate revenues. Projects are allotted a number of green certificates depending on the technology.
Associations in the industry say that some projects risk going into insolvency or bankruptcy.
More on the current state of the local renewable market in a BR exclusive piece that can be read here.