31 Dec '12, 2pm

Renewable Energy Review: Romania

Renewable Energy Review: Romania

Here is the firm’s assessment of Romania. Eastern Europe’s Renewables Haven Romania, already the shining star of renewables in Eastern Europe, may benefit further from a slow exodus of institutional investors from Bulgaria following dramatic subsidy cuts in the country. A favorable regulatory environment, combined with a lack of investment outlets in other sectors, has already led to a rapid increase in RE capacity in Romania, although policy-makers should also be alert to the perils of overgenerous incentive schemes in the face of stringent austerity measures. Further Amendments to Energy Legislation Since Romania’s introduction to the CAI two years ago, the country’s legislative framework covering renewable energy has undergone significant development. The amendments to Law 220/2008, which were approved in late 2011 and became applicable earlier this year, have provided ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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