Romania is the 10th most attractive country in the world in terms of
investments in wind power, global financial consultancy Ernst &
Young said on Thursday.
In the overall ranking Romania occupies 13th place, unchanged from
the previous report, the consultancy said in the 35th issue of the
Renewable Energy Country Attractiveness Indices report.
Wind energy in Romania flourished since the start of the green
certificates (GC) scheme. From just 12 megawatts (MW) in 2009 wind power
output rose to 1,440 MW in September. A further 600 MW are expected by
end-2013.
In terms of investments in solar power, Romania ranked 24th, down
three places from the previous report published in August. "The uptake
of solar projects in the country is still relatively slow, with only 5
MW of installed capacity. However, the sector is expected to experience
significant growth in the medium term due to the attractive incentive
scheme (6GCs/MW), shorter construction schedule and smoother development
process," the report added.
Moreover, Romania is expected to attract the outflow of investors
from neighbouring Bulgaria, the only other Southeast European country
that made it into the index, after the company introduced dramatic cuts
in subsidies for renewables.
The Ernst & Young Country Attractiveness Indices analyses
quarterly the top 40 most investment-attractive countries in terms of
their renewable energy markets, the respective infrastructure and
individual technology competitiveness.
(SeeNews)