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Liviu Gavrilă, RWEA: CfDs could unlock the energy market

1 April 2024

Contracts for Difference (CfD) could unblock the current electricity price situation in Romania, said Liviu Gavrilă, Vice-President of RWEA.

“CfDs are the price signal everyone needs. There will be a benchmark in the medium to long term,” he said, at the conference “2024: A defining year for the renewable energy sector in Romania”.

The green energy market is marked by a high level of unpredictability, which manifests itself from quarter to quarter, leaving investors with no price benchmark. The financing costs of renewable energy projects are also “quite high”. The situation in the market could improve if the government had a clear long-term strategy, but this is not happening yet.

“As much as we look for a price anchor to justify us to the investor, it doesn’t necessarily sit there. We’re at the same roundabout, we’re still trying to find a way out,” he continued.

On the other hand, Romania needs new renewable electricity generation units because in 5-7 years some green energy projects will reach the end of their lifetime, which will reduce the number of available generation units and they will have to be replaced by new plants.

Also, given that the government has announced that it insists that by 2030 a large part of the energy produced in the country will come from renewable sources, “we will have to be prepared with sufficient human resources” to be able to carry out the investments needed to achieve this goal.

The conference “2024: A defining year for the renewable energy sector in Romania” was organized by Energynomics with the support of our partners: ADC, Alive Capital, CRC Energy, Elektra Renewable Support, EnergoPower, Ensys, Extro, Horváth, ING Bank, LONGi Solar, Monsson Operation, Nofar Energy, OX2 România, Photomate, PNE Romania, Polytrade Global, REI Grup, Renomia, Sph3ra Management Solutions, Transelectrica, WALDEVAR Energy, Wiren Romania. On this occasion, Energynomics launched its first report under the initiative “Monitor of the Romanian Photovoltaic Projects”.

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