The Energy Law, now in the Chamber of Deputies, could include a provision regarding power purchasing agreements (PPAs), which would allow the development of the renewable market, told energynomics.ro a source close to the wind industry.

“The adoption of Regulation 943 in the legislation will take place in January, and passing the new Energy law through the Parliament, mentioning the possibility of concluding long-term energy purchase contracts would open up the market for new investments,” the source told energynomics.ro. “We are preparing a material that will be submitted to the government and the parliament,” Zoltan Nagy-Bege, ANRE vice president, told energynomics.ro.

Although art. 23 of the Energy Law 123 (the old law) is not in accordance with R 943, by adopting the European regulation a green light will be given to the bilateral contracts, Bege explained, for energynomics.ro. Such contracts, banned until now after the frauding of Hidroelectrica, would allow new renewable investors to take loans from banks, by providing long-term sources of income.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.