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Bucharest
October 23, 2021
BUSINESS

Conergy: Romania has potential for investment despite legislative instability

Conergy, one of the most important international players on the photovoltaic system market, has announced that the sixth edition of the Photovoltaic Forum taking place in Bucharest had ended with the conclusion that Romania continued to be a market presenting multiple investment opportunities despite legislative instability, a press release reads. The event was organised by Conergy in partnership with Energy and Services and Socomec. In the coming period, the focus of investors on the local market – Conergy says – will continue to be on major projects, however doubled by the attention to be given to small, rooftop plants. The lack of a predictable legislative framework (allocation of green certificates, compensation mechanism, maximum capacity and so on) disturbs the development plans of local market players, Conergy officials say. Another major challenge is the difficulty in obtaining financing from banks, which causes many projects not to stick to original development terms. Equally, the fact that the green certificates may only be traded via OPCOM and centralised markets limits the freedom of entrepreneurs, with a major impact on bank financing of photovoltaic projects, the release further notes

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