Huge investment needed in Romanian green energy development: minister says

Conferences

Romania needs to invest €2.7 billion ($3.67 billion) in the generation of renewable energy by 2015 if the country is to comply with a European Union energy strategy, the environment minister said yesterday.

Attila Korodi stressed that more than two thirds of the cash - €2 billion - will have to come in the form of direct investment. However, about €300 million ($408 million) has already been invested since 2003, he said. The minister said studies had shown that wind power installations with a total capacity of 14,000 MW could be installed in Romania. These would have an ability to feed almost 23,000 GWh per year into the power grid.

Romania’s solar energy potential is about 1,100 kWh/m2 a year, added Korodi. “If we harnessed the country’s solar potential at capacity, we could get the necessary energy for preparing 50% of household warm water or 15% of the current heating energy,” he said. The hydro energy potential of the main Romanian rivers is 40,000 GWh a year, he said. (people.com.cn)

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.