On June 12th, 2024, RPIA, together with RWEA and energized by BCR, organized the third edition of its staple event dedicated to green financing.
This year’s edition, termed Connecting the Financing Dots: Toward a Sustainable Path, explored the RES sector’s top areas of interest, including – but not limited to – the role of green finance in renewable energy production, non-reimbursable funds in energy, financial instruments, types of state aid schemes, recommendations for aid accumulation, CfDs, PPAs, and Control mechanisms for EU Funds.
Key takeaways:
-Romania benefits from unparalleled levels of funds available for RES development – over 15 bln EUR through the Modernisation Fund, the NRRP, the Just Transition Fund, the Sustainable Development Program
-when it comes to the CfD, although delays occur, we are still on track to have the first tender in 2024
-there is a need for increased administrative capacity. Furthermore, we need a mechanism that would ensure transparency for the awarded EU Funds projects
-the degree of bankability of many companies in the renewable sector is satisfactory, which facilitates their access to bank financing
-the number of PPAs in Romania grows steadily, as our country is one of the most attractive markets in Europe for investors, ranking in the top 40 globally according to the Renewable Energy Country Attractiveness Index (RECAI)
-while all the premises are here, there is a stringent need to increase energy consumption through the support of the industrial sector development