EDP Renewable officials met with Prime Minister Nicolae-Ionel Ciuca on Wednesday, announcing new green investments of about 1 GW, the Executive announces. EDP is one of the most important investors in green energy production in Romania.

“The government supports the acceleration of efforts at the national level aimed at the sustainable development of energy production capacity and supports investors who contribute to this strategic approach,” the prime minister said at the meeting.

The representatives of the EDP Renewable group mentioned that the 750 million euros invested so far in Romania have allowed the development of major green energy projects with a total installed capacity of over 500 MW. The group announced on this occasion that it is ready to invest in an additional production of up to another 1,000 MW.

During the dialogue it was stressed the need for a framework that would allow the stability, predictability and sustainability of these projects dedicated to achieving energy independence, through the use of renewable resources, such as solar and wind, says the release.

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.