The price of energy has risen and any new investment does not seem to need a grant – bringing sufficient IRR returns from the start. On the other hand, at present, we are in a crisis and it alarms the companies, which must protect themselves from this price of energy, given that during the energy transition increased price volatility is very likely, said Sebastian Staicu, Senior Project Finance Manager, BCR, during the event „NRRP funding lines – which projects stand a better chance”, organized by Energynomics.

BCR supports the investments made through NRRP, but some clarifications are needed, he said. “We need to protect ourselves from price volatility. Even if we now have a market price of 200-250 euros per MWh, this does not mean that these prices can be taken into account in the long run. Any investment in renewables is a long-term investment – of 10-15-25 years, with financing duration reaching the same period”, he said.

BCR has two dedicated NRRP product lines. The first product is dedicated to energy efficiency, especially for self-consumption production, such as rooftop solar power plants. “We also work with several partners specializing in energy services that we can recommend to customers.”

DOWNLOAD THE PRESENTATION OF SEBASTIAN STAICU

A second product is dedicated to production capacities that are not dedicated to self-consumption. “We believe that this National Recovery and Resilience Plan – NRRP is welcome. We believe that any percentage of NRRP funding is welcome. We think that a minimum option could be a 25% share in European funds from NRRP, which already creates a great advantage in accessing bank financing. We know that investors want to go up to leverage of 70-75%, but this is more difficult, especially due to the fact that the market for bilateral energy contracts (PPA) is still in its infancy.”

This conference „NRRP funding lines – which projects stand a better chance” was organized by Energynomics with the support of our partners: BCR, Electroservice RB, Kawasaki Gas Turbine Europe, Metachim, REI Group.

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.