According to the latest Ernst & Young (EY) edition of the Renewable Energy Country Attractiveness Index (RECAI), Romania has again dropped out of the top 40 countries for investments in green energy projects.
Transaction Advisory Partner in EY Romania Valeriu Binig said that EY does not expect Romania to be on the global ranking of attractiveness after the end of the eligibility period for the support scheme for electricity from renewable sources and in the absence of a decision on possible support for the decentralized production, which would especially use solar panels on the roofs. Adopting an action plan to implement several support measures could also give a signal to investors, but the Romanian electricity system seems to need to digest the massive injection of uncontrollable production capacities put into service until 31 December 2016, before allowing a new expansion stage from a technical point of view.
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Tags: electricity, EY, investment, RECAI, renewables, RES, Romania