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Bucharest
March 1, 2021
BUSINESS

Renewable energy to provide 4.5 billion euros to Romania’s economy over 20 years

Romania is ranked 10th in the world in terms of renewable energy resources and in the next 20 years 4.5 billion euros are expected to be gained by the economy from the operation of wind farms, Romania’s Minister of the Environment and Climate Change Attila Korodi told a ministerial conference in Vienna held by the Central European Initiative (CEI).
‘In 2012, almost 23 per cent of Romania’s gross energy consumption was covered by renewable sources. The increase in the green energy’s weight fed into the national grid has developed spectacularly, with the weight of renewable sources in the electricity consumption having reached 40 per cent in late 2013. The development of the renewable energy sector in Romania started from two favourable premises: on the one hand, Romania has a potential of renewable energy sources that made international experts rank Romania 10th in the world in a rank of most attractive countries for wind power investment and 13th in the world in terms of total potentials of renewable energy. Besides this potential, Romania has found solutions for investors, setting in place a national aid scheme that generated a fast-pace development of the sector,’ said Korodi.
As far as the social and employment effects are concerned, Korodi said that ‘undoubtedly, the economic, social and employment effects of the development of this actor are interrelated. For instance, in Romania’s wind power sector we are talking about 4.5 billion euros that will be fed into the economy in the 20-year life of the wind power stations so far installed, more than 10,000 high-qualification jobs created during the building and the operation of the wind power stations, as well as more than 3 million euros for local communities in revenue from the use of land that houses the farms.’
Korodi also said that the sector of renewable energy in Romania will reach a new dimension when household consumers of Romania become again consumer and producers, replacing the classic energy systems with renewable energy systems.
‘Romania has encouraged this side of the sectorial development under a Green House Programme, which has allowed more than 25,000 Romanian households to use green systems,’ added Korodi.
The Central European Initiative promotes cooperation between EU and non-EU member countries in areas such as the environment, tourism and agriculture. Romania was chairman of the CEI in 2009, for the first time since becoming a CEI member. The current chairmanship of CEI is held by Austria.
Among the CEI initiative are multilateral economic cooperation, cross-border cooperation and inter-regional cooperation. The current CEI members are: Albania, Austria, Belarus, Bosnia-Hercegovina, Bulgaria, the Czech Republic, Croatia, Italy, Macedonia, Moldova, Montenegro, Poland, Romania, Slovakia, Slovenia, Serbia, Ukraine and Hungary.

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