The Ministry of Economics has earmarked €180m ($227m) to jump-start co-financed schemes within the renewables sectors. Its hopes are pinned on the rapid development of numerous wind and hydropower projects to meet its commitments to EU targets.
“It is our aim to have 33% of electricity supplied by renewable energy, mainly hydro to start, by the end of this year and at least 38% by 2020, though we hope to be able to revise this number upwards to around 40-42%,” Alexandru Sandulescu, director general of the ministry’s energy department, tells Recharge.
“[In
