The development of the Romanian renewable-energy sector has been stagnating for the past four years due to the lack of a coherent support mechanism and a predictable legislative framework.
Even with the consistent availability of European funding, including the new Recovery and Resilience Facility, Romania’s current plans for developing the renewables sector are even less ambitious than in previous years.
A recent Bankwatch report shows how frequent changes in legislation have seriously damaged the country’s renewables industry. If Romania is to make its contribution to the EU’s target of 32% renewable-energy production and a 55% reduction in greenhouse gas emissions by 2030, it needs to establish a cohesive legislative framework that will speed up the development of a sustainable renewables industry.
