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October 24, 2021
BUSINESS

Peter Simon, ABB: The time will come for investments in photovoltaic sector

Bulgaria fares better than Romania from the point of view of installed production capacities in the photovoltaic energy sector, because the local legislation guarantees the purchasing price, while in Romania green certificates were offered. “The time will come for investments in the photovoltaic sector,” Peter Simon, Country Manager ABB Romania, stated in an interview for ‘Ziarul de business.’ He stated that he was aware about companies who are going for photovoltaic energy featuring power plants of over 5 MW, in Romania too, projects similar to those in Bulgaria. He did not reveal the names of the companies involved, but pointed out that they will supply energy to the Transelectrica grid. In the future ABB stakes on developing contracts in the energy efficiency domain in which Romania surpasses Bulgaria, as well as in the automation domain where the company offers industrial robots for various sectors of industry. Although last year was not satisfactory financial-wise, many projects being postponed, ABB has already surpassed its target of orders this year. At the same time, most materials used in one ABB plant in Bulgaria come from Romania, particularly aluminum, the company buying materials worth approximately USD 15 M from the Romanian market.

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