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Corina Chirileasa
Managing Partner & Shareholder

Corina holds a BA in Journalism and started as a business journalist in Romania in 2005. She became an entrepreneur in 2010, when she founded Romania-Insider.com. Currently based in Northern Romania. Corina is now the Managing Partner of City Compass Media, and manages all of the group's media projects, online, print and events. She is passionate about media trends, business & economic developments, change management. She enjoys life in the countryside, photography, gardening, and spending time with her family and their dogs. Get in touch with her by e-mail: [email protected]

Legislation hiccups drag Romania down in renewable energy attractiveness index

Romania is no longer as attractive for renewable energy investments as it was four years ago. The country went down 22 places in the renewable energy attractiveness index by EY.

Back in 2011, Romania enjoyed a good 11th position worldwide and was a hot spot for renewable energy investments. Legislation changes and the lack of legal predictability pushed it down the ranking.

While other countries improved laws to attract more investors in green energy, Romania’s changes drove investors away. “To recover the lost ground, Romanian institutions and decisions makers need to put more effort into creating a transparent and credible, long-term energy policy, to balance the investors', consumers' and state's interest in renewable energy production,” said Florin Vasilica, partner with EY and leader of the deal assistance department.

Legislation accuracy had a significant say in changes to the top of the ranking, pushing up countries like India and Egypt, whose Governments made political reforms to support investments.

In Europe, countries like France, Poland and Sweden either changed laws in favor of renewable energies or committed to switching entirely from nuclear power to renewables – the case of Sweden.

Meanwhile, global investments in renewables reached USD 30 billion in 2014, above the investment level in nuclear energy and fossil fuel. The volatile price of oil and geopolitical challenges emphasize the need to diversify energy sources and achieve energy security, the EY Romania representative added.

The full Renewable energy country attractiveness index from EY can be downloaded here.

Romania to make EUR 158 mln from ‘green stamp’

Insolvencies expected in Romania’s renewable energy sector

EY: Renewable energy sector slows down in Romania

Romania approves cut in green certificates renewable energy incentive scheme

Corina Chirileasa, [email protected]

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Profile picture for user corina.chirileasa
Corina Chirileasa
Managing Partner & Shareholder

Corina holds a BA in Journalism and started as a business journalist in Romania in 2005. She became an entrepreneur in 2010, when she founded Romania-Insider.com. Currently based in Northern Romania. Corina is now the Managing Partner of City Compass Media, and manages all of the group's media projects, online, print and events. She is passionate about media trends, business & economic developments, change management. She enjoys life in the countryside, photography, gardening, and spending time with her family and their dogs. Get in touch with her by e-mail: [email protected]

Legislation hiccups drag Romania down in renewable energy attractiveness index

Romania is no longer as attractive for renewable energy investments as it was four years ago. The country went down 22 places in the renewable energy attractiveness index by EY.

Back in 2011, Romania enjoyed a good 11th position worldwide and was a hot spot for renewable energy investments. Legislation changes and the lack of legal predictability pushed it down the ranking.

While other countries improved laws to attract more investors in green energy, Romania’s changes drove investors away. “To recover the lost ground, Romanian institutions and decisions makers need to put more effort into creating a transparent and credible, long-term energy policy, to balance the investors', consumers' and state's interest in renewable energy production,” said Florin Vasilica, partner with EY and leader of the deal assistance department.

Legislation accuracy had a significant say in changes to the top of the ranking, pushing up countries like India and Egypt, whose Governments made political reforms to support investments.

In Europe, countries like France, Poland and Sweden either changed laws in favor of renewable energies or committed to switching entirely from nuclear power to renewables – the case of Sweden.

Meanwhile, global investments in renewables reached USD 30 billion in 2014, above the investment level in nuclear energy and fossil fuel. The volatile price of oil and geopolitical challenges emphasize the need to diversify energy sources and achieve energy security, the EY Romania representative added.

The full Renewable energy country attractiveness index from EY can be downloaded here.

Romania to make EUR 158 mln from ‘green stamp’

Insolvencies expected in Romania’s renewable energy sector

EY: Renewable energy sector slows down in Romania

Romania approves cut in green certificates renewable energy incentive scheme

Corina Chirileasa, [email protected]

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