Romania might lose some €4 bln ivestments in renewable energy

Romania might lose some €4 bln ivestments in renewable energy

The slightest change of energy law will bring instability and lack of competitiveness, warned the Chairman of the Board of the Photovoltaic Industry, Doru Voicu.

Official of the Romanian Photovoltaic Industry Association (RPIA) warned that if the government modifies the support scheme for the production of renewable industry investors will no longer bring to the country the sum of EUR 4 bln, which “is waiting at the border,” Mediafax reports. “Any kind of change will bring instability and lack of competitiveness,” the chairman of the Board of RPIA, Doru Voicu said yesterday.The bulk of the EUR 4 bln will be allocated to the wind energy sector and about EUR 500 M will be invested in new photovoltaic plants with powers of 200-300 MW this year. He added that approximately 4,000 people work in the Romanian industry of renewable energy. According to Voicu, last year the state earned EUR 500 M from the renewable energy sector.The delegate minister for Energy, Constantin Nita recently announced that the government will modify the law on granting green certificates for the sake of renewable energy. “We have nothing against reducing the number of green certificates, if this is done within the limits of the law,” Voicu mentioned. According to Voicu, the end price of energy should drop by 5 pc as an effect of renewable energy, but this did not happen.Green certificates are granted for the amount of energy produced. The law compels providers to buy these certificates from producers. The cost of purchasing these certificates is reflected in the invoices paid by consumers, so the price of electricity went up and will continue to increase. On the other hand, the cost of technologies for the production of alternative energy has diminished.Other hundreds of projects are in various phases of approval and construction, but their capacities exceed by far the possibilities of power grids to transport their energy and deliver it to final consumers. “The dispute also relates to the liberalisation and the payment of CO2 obligations and all the things that converge towards a price increase. This reduction, made this way, leads to the destruction of the entire sector,” Voicu explained. According to RPIA president Ciprian Glodeanu, the association will propose state authorities to refrain from changing the law before January 1st 2014.

Primary energy resources, down 4.6 pc in January

The primary energy resources decreased by 4.6 pc in January compared to the similar month of last year, while those of electricity diminished by 4.0 pc, according to preliminary data released by the National Statistics Institute (INS) The main primary energy resources amounted in January to 2.6 million tons oil equivalent (t.o.e.), down 129,900 t.o.e. against January 2012.The domestic output amounted to 1.9 million t.o.e., 2.6 pc less than a year ago, while import was of 740,100 t.o.e., down 9.6 pc. The output of wind farms during the same interval was 448.6 million KWh, up 178.3 million KWh from the same month of last year.Final energy consumption during this interval was 4.4 billion KWh, 5.0 pc less than a year ago. Public lighting registered a decrease of 2.4 pc and household consumption advanced by 5.4 pc. Electricity export amounted to 94.8 million KWh, down 17.6 million KWh, respectively 15.7 pc. The own technological consumption in grids and stations was of 837.4 million KWh, representing an increase by 24.7 million KWh, or 3.0 pc.