Renewable energies could attract EUR 9 bln investments in Romania, wind power demand up

The renewable energy industry could attract investments of up to EUR 9 billion in Romania, considering the high potential on this market, according to Gabriel Sidere, managing partner with CMS Cameron McKenna Bucharest, who attended the "Green. The Future of Energy' conference in Bucharest. “Romania has an installed capacity of 350 MW of wind energy, but there are requests of up to 4,700 MW. A very low energy capacity compared to the ambitions expressed four years ago. The investment for 1 MW stays at around EUR 1.5 million – EUR 2 million. [..] Unfortunately, it is Romania's drama. I think it is the time to act. The wiring permits are of up to 4,700 MW, but the market demand is much higher, of up to 20,000 MW,” said Gabriel Sidere Romania could accept an installed power of maximum 8,000 MW from wind farms, according to Transelectrica. There are currently requests for 31,000 MW of wind farms in Romania but permits have been issued for just 4,600 MW, according to the company. editor@romania-insider.com