EY Report : Romania remains attractive for investments in renewable energy

Romania has climbed one position at 31 in a quarterly EY top for attractive countries for renewable energy investment. In February issue of the deck on the attractiveness of investment in renewable energy, Romania has also advanced, with a position of the 33 on 32, it said in a report by the consulting firm.

A breath for large electricity consumers

"Continuous changes in legislation are still an impediment for Romania" relaxation "investment activities in the renewable energy sector. New draft legislation seen last week and will come into effect from August 1, 2014, if it receives European Commission approval is result of much discussion and bring a breath hoping for large consumers of electricity. Meanwhile, operational projects renewable energy "invested" with attractive profitability indicators are those still receiving attention from private investors and banks " EY experts say.

EY report classifies 40 countries according to the attractiveness of investment in renewable energy.
In the region, Poland and Turkey lies ahead of Romania, occupying positions 27 and 20 respectively, while Greece, ranked 33, and Ukraine, 38, are also present in the report.

Frimu Ghinea
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